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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).

Punchy diesel bound for Mini Cooper

By Phil McNamara Motor Industry 07 November 2006 09:00 Mini is planning the first ever diesel Cooper – and the common-rail unit will have almost 50 percent more power than the outgoing Toyota engine. The Mini Cooper diesel will run the 1.6-litre HDi four, which features in Peugeot-Citroen and Ford cars. Peak power is 110bhp, with 180lb ft of torque on tap.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.