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Peugeot 308 SW (2014) first official pictures

By Ollie Kew First Official Pictures 06 January 2014 11:00 This is the new Peugeot 308 SW, the station wagon variant of the new 308 hatchback. Like its hatchback sister, it’s much lighter, more spacious, and smarter looking than its immediate predecessor. In fact, it could be about to pull the rug from under the VW Golf Estate and Seat Leon ST’s tyres… A huge boot!

BMW DesignworksUSA heads to China

In light of its growth within China, BMW plans to open a DesignworksUSA studio in the country. Building on its studio portfolio of Los Angeles, Munich and Singapore, the Shanghai studio will be added to the repertoire in the second half of 2011. The DesignworksUSA project acts as a 'think-tank' for all of BMW's brands, as well as creating design for clients from diverse industries.

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.