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Karmann-Ghia launches contest for Brazilian design students

Karmann-Ghia has launched a competition for Brazilian students to design a modern interpretation of its classic Volkswagen Karmann-Ghia Coupé. Students will be competing for a top prize of R$100,000 (US$49,750) with the possibility that the winning design will be developed into a prototype. The student awarded second place will earn themselves R$60,000 (US$29,800) while the third placed entry is worth R$14,884 (US$7,350).

Bob Bondurant at 80

Last fall, as we waited for our turn to partake in a braking drill at Bob Bondurant's driving school in Arizona, a black Cadillac CTS-V coupe came screaming out of the facility's parking area and onto the tarmac where we sat. The driver hustled the big two-door around a tight autocross course at a startling pace, though he likely would have been faster had he avoided some of the smoky, sideways stuff. Our instructor, Johnny O'Connell, grinned, “I guess it's good to be the boss.” Bondurant -- who turns 80 on Saturday -- started racing an Indian motorcycle as a teenager.

Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.