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Design Museum's Designs of the Year Awards 2012

The Design Museum opened its ‘Designs of the Year' exhibition yesterday in a celebration of global design innovation at its home in Shad Thames, London. Designs from across the world within seven categories – Transport, Architecture, Digital, Fashion, Furniture, Graphics and Product – have been nominated by industry experts, with the nominations now on show at the Design Museum. The first of the transportation nominations is the Autolib, a Parisian electric car commissioned by Paris' Mayor, Bertrand Delanoë.

Ford puts Volvo up for sale

Having spent most of the last twenty years carefully building up a portfolio of Prestige European car makers, including Jaguar, Land Rover, Aston Martin and Volvo, the last of these, Volvo, has now been put up for sale by Ford. This hardly comes as a surprise when you see the precarious state of Ford. It’s busy going cap-in-hand to the US government looking for a bail out, and selling off Volvo could add several hundred million pounds to its decimated balance sheet.

EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.