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Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

College Exhibition: Pforzheim University Summer Show 2009

Germany's Pforzheim University recently held its summer degree show at the city's Congress Center for students in the school's Transportation Design program. The exhibition included work from nine graduating Masters' students and 13 Diploma students, as well as a Mercedes-Benz-sponsored project by MA students, a Renault-sponsored project by undergraduates in their 4th and 6th semesters and three Volkswagen-sponsored projects. Projects from the graduating MA students included: Porsche P'5200 Stephan Everwin Named after Porsche's product matrix - 5000 being the category for sport and 200 representing water - the Porsche Design sailing yacht considers the holistic sailing experience rather than just the product itself, "It's not about speed, but the experience," Everwin told CDN.

Honda to offer second-gen Element

Although the Element has been a disappointing seller, Honda plans to offer a second generation of its quirky crossover rather than treat it as an experiment. The company is hitting a key demographic with the Element that it does not reach with the vehicle's platform sibling, the CR-V, said John Mendel, American Honda Motor Co. executive vice president.