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Donato Coco announced as new Ferrari Design Chief

Donato Coco has been appointed as Ferrari's new Chief Designer, starting November 14. It is a move that fills the void left by Frank Stephenson, who earlier this year moved to head the Fiat, Lancia and Light Commercial Vehicles styling center. "Coco will have the job of stimulating and directing the creativity of Ferrari's partners, which in terms of styling include our historic partnership with Pininfarina," Ferrari said.

Karmann files for insolvency

Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. The company made the move Wednesday in Germany in response to a dramatic decline in revenue, an inability to pay for its massive layoff plan and the worldwide economic crisis. The North American operations, which make convertible tops for Detroit car companies and Volkswagen, are not affected, a spokesman said.

Nissan NV200: Nissan’s take on the London Taxi

Nissan is taking on the Black Cab market with the Nissan NV200 London Taxi, expected to go on sale in 2014 from around £30k. It may not be the biggest market in the car world, but the profile of the London Taxi makes it a worthwhile target for car makers. Mercedes recently took on the traditional Black Cab with their Vito-based taxi and did a very good job – but at a price; the Mercedes Vito Cab costs around £42k, almost £10k more than the traditional London Taxi.