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Lincoln gets own design studio

Ford is creating a dedicated design studio for its luxury brand Lincoln in an ongoing bid to rejuvenate the brand and position it further apart from the core Ford offering. The new design studio will be situated in the Product Development Center in Dearborn, Michigan, with Max Wolff – recruited from Cadillac last year – charged with leading the brand in its revival efforts. Ford has also announced that it will be increasing spending on the brand, giving it unique interiors and powertrains.

Maserati GranTurismo Sport replaces GranTurismo S

The Maserati GranTurismo Sport should arrive by the end of 2012 The Maserati GranTurismo S is being replaced by a tweaked version – the Maserati GranTurismo Sport. Debuts at Geneva 2012. We’re waiting for news of Maserati’s new baby Quattroporte, and were hoping Geneva may see a concept of the smaller Maserati Saloon.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).