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CEO Krafcik leaves Hyundai, succeded by Zuchowski

Hyundai Motor America said John Krafcik will step down as CEO at year end, capping a five-year run during which he steered the Hyundai brand to record U.S. sales and market share. Krafcik will be succeeded by Dave Zuchowski, currently Hyundai's executive vice president of U.S.

Peter Stevens and Julian Thomson lead a discussion on the past, present and future of car design

As part of its sponsorship of London's Clerkenwell Design Week, Jaguar and the Royal College of Art brought together three generations of the design school to discuss the past, present and possible future of car design. Held in a suitably grimy warehouse in east London – with the sculpture by RCA students Ewan Gallimore and Claire Mille's we showed you earlier this week sat outside – Professor Dale Harrow, dean of the School of Design and head of its Vehicle Design program introduced Professor Peter Stevens, Julian Thomson, Jaguar's advanced design director and Alexandra Palmowski project designer advanced colour and material at Jaguar took the audience through their careers. Charismatic as ever, Peter Stevens kicked off proceedings that moved chronologically through the decades by explaining how he first became interested in "the art if car design, allied to the science of how they work" through his artistic parents and uncle – journalist and motoring adventurer – Denis Jenkinson during the 1950s and 60s.

Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.