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Ontario, California, US
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Obama sought Ghosn to run GM, ex-car czar says
Fri, 03 Sep 2010The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.
VW and Chinese ‘in talks to buy Vauxhall/Opel’ from GM
Thu, 09 Jun 2011GM is considering selling its loss-making European operations, it emerged tonight. If it goes ahead and severs ties with GM Europe, the General would cede control of Vauxhall and Opel, the second biggest car brand in the UK.And in another extraordinary twist, CAR has confirmed that top-level talks have been taking place between Volkswagen and the German government, which is keen to avoid Opel falling into foreign hands. Chinese car makers are circling but Chancellor Angela Merkel, who has close connections to Volkswagen chief Martin Winterkorn, would prefer VW to step up to the plate as a potential buyer than a Chinese brand.
Hong-ik University Degree Show 2010
Mon, 29 Nov 20102010 saw the students of Korea's Hong-ik University showcase their interpretations of ‘Stimulating urban lifestyles'. The 12th annual degree show at the University centered on creating a ‘Whole new, different kind of urban vehicle.' 18 final year transportation design students took on the brief, with underlying themes such as crash safety, versatility and the ability to adapt the vehicle to suit varying driver needs appearing throughout the students' work. Trigon Jaewook Yoo Yoo's thinking behind this Honda branded concept is the freeform surface.
