2008 Volvo V50 (mw) 2.0 D 16v Steering Gearbox Steering Rack (d4204t(euro 3))- on 2040-parts.com

Ford offers $1 million in automotive design scholarships

After the passing of William Clay Ford Sr., Ford has announced that they will honor his memory and his contribution to the automobile with the creation of scholarships for automotive design students. William Clay Ford Sr., the last grandson of Henry Ford, died last week at the age of 88. Ford worked at the company that bears his name for 57 years, serving as chairman of the design committee for 32 of those years.

Ferrari Superamerica 45: One-off 599 created for wealthy American customer

Ferrari has revealed a one-off version of the 599 commissioned by New York-based art collector and property developer Peter Kalikow. Called the Superamerica 45, the new open-top car was created to commemorate the 45th anniversary of Kalikow's first Ferrari purchase, a secondhand 400 Superamerica convertible. It will go on public display for the first time at this weekend's Concorso d'Eleganza Villa D'Este on the shores of Lake Como in Italy.

VL Destino revealed - what became of the Fisker Karma

VL This is the new face of the Fisker Karma, the luxury plug-in hybrid whose parent company went to the wall last year. But it’s not only the Karma’s gap-toothed grin that’s disappeared: its plug-in hybrid powertrain has bitten the dust, too, replaced by a GM-sourced V8 – a supercharged lump boasting 638hp and 640lb ft. Called the VL Destino, the wilder Karma will be shown at this month’s North American International Auto Show, aka the Detroit Motor Show.