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Sinkhole at National Corvette Museum consumes eight rare cars

Update: The National Corvette Museum has released a video of the sinkhole, which we've embedded below. Museum personnel are reportedly in the process of removing other cars from risky areas. We'll be sure to bring you more information as it becomes available.

Interior Motives announces shortlist for Student Design Awards 2009

Interior Motives magazine, sister publication of Car Design News, has revealed its shortlist for the seventh annual Interior Motives Design Awards. Handed down by a ten-strong panel of industry experts, the shortlist will be further reviewed before three finalists and a winner for each of the eight categories - and the overall competition winner - is ultimately selected and awarded on the eve of the second press day of the Frankfurt auto show. This year's competition, which saw a record number of entries from 60 schools and 30 different countries, was judged by a panel of industry experts, including Flavio Manzoni, Creative Design Director at VW Group; Ralph Gilles, Vice President of Product Design at Chrysler; Frank Stephenson, Design Director at McLaren; Dr.

Ferrari chief Montezemolo balances growth, exclusivity

On the morning of the day he celebrated 20 years as head of Ferrari, Luca Cordero di Montezemolo says his first thought was about the future, not the past. He pondered what the world's most famous sports-car maker would look like in 2020. "I have not come up with a comprehensive idea yet," said Montezemolo in an interview at his office in Maranello, 11 miles south of Modena in central Italy.