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Car Designers Blackmailed

A London court has found former design student Guy Lloyd-Parker guilty of blackmailing US car designers. The London College of Fashion graduate had claimed that 95 car design sketches were stolen from him by two college lecturers in 1994, eventually resurfacing as final designs in the form of the Audi TT, BMW Z3, Mazda RX-8 and the Volvo XC90. Lloyd-Parker, having failed to successfully sue the college, began sending menacing letters to California-based Volvo Design Director Geza Loczi, former BMW and Aston Martin designer Henrik Fisker, and ex-Mazda designer Tsutomu Matano demanding £90,000.

Mitsubishi at the Paris motor show 2008

By Guy Bird Motor Shows 06 October 2008 09:13 The heavily revised Mitsubishi Colt was the biggest real-world news for the Japanese brand at Paris. It now gets the large signature jet fighter grille from its bigger Lancer brother, alongside a whole new front end, interior changes and a Ralliart version.  It’s not just a nose job, honest. The rear of the car gets smaller lights rather than the previous full-length ones, partly for ease of crash repair, and interior ergonomics have been improved – the rear seats now fold flat for instance.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.