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Formula One: Ferrari's Montezemolo to run for Italian presidency?

Ferrari boss Luca di Montezemolo has stirred the pot in Italy with reports saying he will run for the Italian presidency in 2013, but Montezemolo himself has denied tales of his presidential ambitions. Montezemolo has made it known that he wants to see economic and structural reform in his homeland. The Italian also has repeatedly hinted at his political yearnings.

Lexus LF-A still on the cards

With the car world in turmoil, and buyers running scared of high performance cars, most of the car makers around the world are shelving their high-end projects until things settle down. Honda has announced that it has put its NSX replacement on ice (although it is apparently still going to show it at Detroit) and other manufacturers are concentrating on their frugal products. But Toyota is taking a different tack.

Peter Mullin makes extravagant donation to Art Center College of Design

Peter Mullin, the purveyor of the Art Deco-inspired Mullin Museum in Oxnard, California, knows a thing or two about good design, and about nurturing good design. His contributions to Art Center have included the Peter W. Mullin Endowed Scholarship, which since 2005 has provided worthy students with financial aid.