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IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.

Bio-Fuel Skycar to go in to production

Parajet's Skycar looks set for road-legal production in 2010 [ad#ad-1] Three months ago we brought you news on the plans of London Company Parajet International Ltd to take their Skycar on a trip to Timbuktu. Well, not only was the trip a great success – they arrived in Timbutu on 26th March – but the Skycar is now destined to go in to production next year. Bedfordshire Company Rage Motorsport, best known for producing Buggies, is to partner with Parajet to produce completely road-legal versions of the Skycar, with Rage producing the cars/buggies and Parajet adding the bits to make it fly (which makes sense!).

Mazda MX-5 GT: A rather warm MX-5

The track only Mazda MX-5 GT Back at Frankfurt in 2009, Mazda revealed an MX-5 which had been put on a serious diet – the Mazda MX-5 Superlight – but which was sadly just a concept. And now we get a super-light MX5 that isn’t a concept but also can’t be bought for the road because it’s a track car – the Mazda MX-5 GT. MX-5 lovers the world over weep.