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Who's Where: Frank Stephenson appointed Director of Design for Alfa Romeo
Tue, 12 Jun 2007Frank Stephenson began his new position as Director of Design at Alfa Romeo today, CDN can reveal. Stephenson left his role as Head of the Fiat, Lancia and Commercial Vehicle Styling Center last month and is now effectively filling a role that has been unoccupied since Wolfgang Egger left to become head of Audi's Style Center. Since Lorenzo Ramaciotti has been recently appointed to a newly created position as Cheif of Design at Fiat, Stephenson's previous position is now vacant.
Tesla pays off its government loans
Thu, 23 May 2013Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.
New cameras spot traffic offences
Wed, 19 Feb 2014ILLEGAL turns or misuse of yellow-box junctions are liable to be caught out by remote cameras in a pioneering initiative by a borough council. The first unattended CCTV enforcement system for moving traffic offences has been introduced by Redbridge council in east London. The council said the scheme was working well, with "serious traffic contraventions" captured.