Industry News

GM opens Seoul Advanced Design Studio

With a renewed focus on designing, building and selling the world’s best vehicles, General Motors has announced the opening of the Seoul Advanced Design Studio in the heart of the 2010 World Design Capital. The studio is based in the city’s Gangnam area, which is considered not only the most exciting and stylish part of Korea’s capital, but also one of the world’s trendiest neighbourhoods.

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GM pays back Government loans in full

General Motors Company Chairman and CEO Ed Whitacre today announced that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule.

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Ford Middle East growth in UAE, Saudi & GCC

Ford’s successful transformation plan is in full gear in the Middle East as the company closes the first quarter of 2010 on a high note, with an outstanding 43 per cent growth over the same period last year across the GCC, while the industry is estimated to have grown by about 5%.

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Rolls Royce Middle East sends off former CEO

Representatives from Rolls-Royce dealerships in the Middle East region convened near Laguna Beach, California, to discuss business development for the next decade and bid farewell to the outgoing CEO. Rolls-Royce Motor Cars CEO, Tom Purves, who will retire at the end of the month, commended Middle East dealerships for their contribution to furthering the brand’s presence in the region. Tom Purves started his career in 1967 as an apprentice engineer at Rolls-Royce, in the 1970s he was the area manager for Rolls-Royce in the Middle East, based in Kuwait.

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McLaren Automotive outlines Middle East plans

McLaren Automotive has released more details about its expectations for, the Middle East market, where it will launch the first in its range of high performance sports cars from spring 2011. The announcement follows the world debut of the new McLaren MP4-12C at the McLaren Technology Centre in Woking, England, where the two most recent Formula 1 world champions, Jenson Button and Lewis Hamilton, unveiled the new car.

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