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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Creapole graduates on course to become influential designers

Since its establishment in 1981, the creative design school Creapole ESDI has enjoyed the rich atmosphere of its unique location, set in the cultural and historical heart of Paris between the Louvre and the Georges Pompidou Center. By harnessing the romantic charm of the city with a careful awareness of human requirements, emotional as well as technical ideas can be turned into functional concepts across the broad structure at Creapole.   The school's disciplines include transport, product or fashion design, video game animation, visual communication, interior architecture or art design, and flexibility is given to applicants of different ages depending on their academic background.