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Porsche and Mercedes-Benz proposals for China Family Car Project explored

Today's Chinese car industry is barely recognizable from that of 20 years ago, and the country is now the biggest market in the world. But in 1994, when the industry was still in its relative infancy, the Chinese government launched the 'China Family Car Project', inviting 20 major Western carmakers to develop proposals for a five-seat, cheap and environmentally-friendly family car for the Chinese market. The chosen proposal would be made in China under a joint venture with First Auto Works (FAW).

Now it’s the Hyundai Veloster in Harrods’ window

Harrods is hosting a ‘Korea Loves London – Innovation and Technology 2012’ exhibition and the centrepiece of the window display is a Hyundai Veloster. This isn’t the first time Hyundai has had a spot in a Harrods window. Two years ago, when the Hyundai ix35 was fresh and new, Hyundai took over a window at Harrods to show off its compact SUV to the visiting shoppers, perhaps in the hope one or two would grab one for the Nanny.

Vote: Would you buy a Toyota Etios Cross?

Millennials are our future, God help us all, and automakers are still trying to figure out to get this supposedly car-averse demographic to part with its money. Of course, the real reason many Millennials aren't buying cars is because they don't have much money to part with. And, in that respect, they're in the same shoes as consumers in developing markets.