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Design Contest: Ferrari 'New Concepts of the Myth'

Automotive design students from all over the world gathered in Maranello this week for the award ceremony of the 'Ferrari - New Concepts of the Myth' design competition. The winners were announced and awarded their prizes at Galleria Ferrari, within walking distance of Ferrari headquarters and Ferrari's Fiorano test track. The coveted prizes are six months of exciting and very demanding work at Ferrari and Pininfarina creative centres, under the leadership of Ferrari's Donato Coco (in Maranello) and Pininfarina's Ken Okuyama (in Torino).

Inside Bob Pond's car collection

Robert Pond was an industrialist, an aviator, a Navy pilot, an aircraft designer, a genuine car enthusiast, a philanthropist, a Minnesotan at heart and a man who turned a family business from eight employees to a global $100-million concern. Pond was born in 1924 in Edina, Minn., 10 miles southwest of Minneapolis. He signed up for the Navy Air Corps in 1942, and survived three years of training on J-3 Piper Cubs and PBY Catalinas to graduate in July of 1945 -- just three months before Japan surrendered to the US.

F1 photos raise £20,000

A SERIES of photographs taken by Formula One drivers and team members has raised more than £20,000 at a charity auction. The sale included an image taken by Michael Schumacher of a boat on a lake that fetched £2500. An identical amount was paid by Formula One boss Bernie Ecclestone for one of his own pictures.