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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.

Jaguar cool in white at L.A. Auto Show with C-X16 & XKR-S Convertible

Jaguar at the LA Auto Show with a brace of white cats Jaguar may not be going to the Detroit Motor Show in January (forsaking it for Delhi) but it’s put on a show in Los Angeles with a new white version of the Jaguar C-X16 Concept (XE) and the new XKR-S Convertible. The Jaguar C-X16 – which looks set to be the Jaguar XE when it arrives – conspires to look even more production-ready at LA than it already did at Frankfurt despite, as far as we can tell, nothing more than a new coat of paint. Some of the elements that seem unlikely to make it in to production – such as the rear hatch which opens E-Type like and the ultra-modern interior – are still present, yet on the C-X16 they seem to fit; it would be a shame to see them go for the production XE.

Design an MG sports car for 2025, win a scholarship and internship at SAIC

SAIC has announced its second university student design competition. To be in with a shout, SAIC wants students to design a dream sports car or GT car for the MG brand to be launched in 2025. The brief asks for a concept that must not only must reference MG's history – 2014 is the firm's 90th anniversary – but that also reflects China's post-90s generation.