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Schumacher's old F1 car sells for a bargain £195k

When can you ever call a £195,000 classic Formula One car a bargain? When it was driven by the most successful F1 driver ever, Michael Schumacher. This Benetton-Ford B191 was due to go up for auction with Coys this Saturday 10 August at the Nurburgring, but the car has now been sold ahead of going under the hammer for just £195,000.

Lamborghini by Giugiaro uncovered

At a recent visit to Giugiaro, this 50 year old unnamed Lamborghini, never before seen, suddenly appeared like an undiscovered Shakespeare manuscript, discreetly displayed in a library with no-one paying attention. Parked under some Greek temple-like stairs at the Giugiaro Design headquarters, the car sat on its period Borranis, painted in a yellow hue unseen this side of Ducati. No details, no background, but the story is simple: Fabrizio Giugiaro found some of his father's old sketches from the Bertone era (1960-1965).

Who's Where: Martin Smith to retire, succeeded by Joel Piaskowski as Ford Europe head of design

Martin Smith, head of Ford of Europe design for the last 10 years, will retire at the end of this year, before which he will work on a project to study the future direction of the company's global design direction. He will be replaced by current head of strategic concepts group, Joel Piaskowski on 1 July. Smith (64) first joined Ford back in 2004, leaving General Motors as director of design for Opel/Vauxhall.