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Interior Motives Design Awards 2012

At a glamorous awards ceremony at the Espace Clacquesin in Paris earlier this evening, the world's top designers and automotive journalists gathered together to watch sponsors Peugeot and Volkswagen reveal the 2012 Interior Motives Student Design of the Year: ‘Autopool' by Siavash Jafari Jozani and Mina Kasirifar from the University of Tehran. At the end of what was a memorable event, the two Iranian students walked away with one of the most prestigious accolades in the automotive design industry and a cash prize of $5,000. Launched earlier this year and themed ‘What Comes Next?

Mazda teams with Toyota, not Ford, for upcoming hybrid

Mazda Motor Corp. on Monday took another step toward independent product development, agreeing to lease hybrid drivetrain technology from Toyota Motor Corp. instead of longtime U.S.

Ferrari sold for record £22 million

A RARE FERRARI has been sold at auction for a record price of £22.84 million. One of just 39 models made and regarded as one of the greatest Ferraris, the 1962 Ferrari 250 GTO Berlinetta went under the hammer at Bonhams' auction in Carmel, California. A huge crowd watching the bidding broke into applause at the confirmation of the final price, which outdid the previous record for a car sold at auction.