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SAIC's Mobiliant wins 2013 LA Design Challenge

SAIC has been revealed as the winner of this year's LA Design Challenge. The Chinese carmaker's entry, a single-seat urban public transit vehicle, was declared the victor after intense judging sessions took place throughout the LA auto show's second press day. The panel – which included Tom Matano, executive director, School of Industrial Design at San Francisco's Academy of Art University, and Stewart Reed, chair of Transportation Design at Pasadena's Art Center College of Design – combed through the entries, discussing their merits and how closely they fit the brief, before hearing the teams' presentations in the afternoon.

Fiat takes majority control of Chrysler

Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group.

'James Bond' Aston Martin to be auctioned

THE ASTON Martin most closely associated with James Bond is to go to auction next month. The DB5, an example of which featured in 1964’s movie Goldfinger, where it was driven by Sean Connery’s Bond, is perhaps the most recognisable ‘Bond car’. The car featured again more recently, this time with Daniel Craig’s Bond behind the wheel in the blockbuster Skyfall.