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Shelby Cobra to headline 2012 Rolex Monterey Motorsports Reunion

We're only one day out of the Pebble Beach weekend, and already Cobra enthusiasts are sharpening their fangs for next year's event. Announced on Sunday, Cobras from all over the world will rally in Monterey, Calif., next year as the featured marque on Aug. 17-19 for the 2012 Rolex Monterey Motorsports Reunion.

College Exhibition: Coventry University Degree Show 2007

Undergraduate students from Coventry University's Transportation Design program had their initial show in the end of May this year, but the range of projects was so vast that a selection of work from the annual degree show was then chosen and displayed in Coventry Transport Museum on June 15. Car Design News was there to see what had been selected. Inspired by the Alfa BT4B with which Niki Lauda won the Swedish Formula One Grand Prix in 1978, Stephan Everwin created a modern interpretation of the 'Fan Car'.  Its rakish lines all culminate in a smooth aerodynamic shape that incorporates a huge fan between the rear wheels creating a massive vacuum under the car providing downforce at high speed.

Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.