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Second annual ENG Automotive Design Summit held in Rome

European Networking Group (ENG) held their second annual Automotive Design Summit May 12-13. To follow on from the success of last years event in Barcelona, the event was held in the stylish Es Hotel in Rome, Italy. The event featured workshops sessions and business case studies from some of the most renowned designers in the industry, seeking to bring both knowledge and inspiration to the participants over the two day event.

Tesla Model S outsells luxury competition

As if Tesla needed any more good news this month, first-quarter sales are in and the electric Model S outsold the Mercedes S-class, Audi A8 and BMW 7-series, according to “CNN Money.” In the first three months of 2013, Tesla sold 4,750 sedans while Mercedes sold 3,077 of the S-class, BMW sold 2,338 of the 7-series and Audi sent 1,462 A8s out of the dealership. The Model S does have its sticker price going for it. The base model can be had for $69,900 -- possibly less with tax incentives -- while the cheapest S-class goes for $93,255, the 7-series for $74,525 and the A8 for $73,095.

Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.