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Last call for entries: IM Design Awards

As the deadline for entries to the 2010 Interior Motives Design Awards approaches – all designs must be received by 10 July – details of the judging panel and the upcoming awards ceremony in Paris are firming up. Judging the hundreds of student designs this year will be a panel of industry experts that includes such influential figures as Amko Leenarts, Interior Design Director, Peugeot; Robin Page, Interior Design Director, Bentley; Wolfgang Müller-Pietralla, Leader VW Future Research; Michael Robinson, Design Director, Stile Bertone; Andreas Stump, Head of Advanced Interior Design, Citroën; Romulus Rost, Chief Interior Designer, Volkswagen Advanced Design, Potsdam; and Euan Sey, Editor of Interior Motives magazine. The competition is open to students enrolled at any accredited undergraduate or graduate design degree programme, both in automotive and non-automotive disciplines – those studying fashion design, industrial design, architecture and other similar fields are also eligible.

McLaren MP4-12 650S hits the Web ahead of official Geneva reveal

Images of the new McLaren MP4-12 650S have leaked to the Internet ahead of a planned unveiling for the British supercar at the Geneva Motor Show in early March. Created in response to customer demand for an edgier version of the McLaren MP4-12C offering greater levels of driver engagement, the 650S runs a more heavily tuned version of McLaren's twin-turbocharged 3.8-liter V8 direct-injection engine producing a claimed 25 hp more than the variant used by standard sibling for a total of 641 hp (as its name suggests 650 ps -- metric hp). Further details remain scarce ahead of the MP4-12C 650S's official public unveiling in Switzerland two weeks from now, although information passed on to prospective customers at a private presentation of the new two-seater held last week suggest it is also in line to receive a series of modifications to its seven-speed dual clutch gearbox, suspension, steering, brakes and aerodynamics -- all aimed at providing it with a more aggressive nature and added racetrack ability.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.