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LA Auto Show Design Challenge entries unveiled

The 2013 Los Angeles Auto Show Design Challenge entries have been revealed a few days before the show is set to open. As in previous years, several of the major players in the automotive design world are participating and automakers and design studios such as BMW DesignworksUSA, Subaru, Mazda, and China's SAIC and Changfeng will be exhibiting concept art. The theme of this year's design challenge is called "Biomimicry & Mobility 2025: Nature's Answer to Human Challenges.” With nature coming to be seen as one of the best R&D labs for design, and with biological knowledge doubling every five years, design studios were challenged to design vehicles that use biomimicry to increase the efficiency of mobility itself.

Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.

VW will build small run of XL1 plug-in hybrid

Volkswagen will begin production of its XL1 plug-in hybrid in two years. "We want to go into series production with this car starting in 2013," VW chairman Ferdinand Piech told Automotive News Europe on Tuesday at an event in Doha, Qatar, ahead of the 2011 Qatar auto show where VW unveiled an XL1 prototype. (a href="http://www.autoweek.com/article/20130221/GENEVA/130229972">Read the latest update here announcing the XL1 hybrid's Geneva Auto Show debut).