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1957 Ferrari Testa Rossa could break auction record at Pebble Beach

Auction house Gooding & Co. will offer up two legendary sports-racing cars--a 1957 Ferrari 250 Testa Rossa Prototype and a 1963 Shelby Cobra 289 Factory Team Car, one of which might set a record price for a car sold at auction--at Gooding's sale Aug. 20-21 during the Pebble Beach Concours d'Elegance.

KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

SPD and Volkswagen Group launch new program

The Scuola Politecnica di Design and Volkswagen Group Design are continuing their partnership on the Transportation and Car Design Masters by offering a program including scholarships and employment opportunities for the very best candidates. This project focuses on the theme of sustainable urban mobility as interpreted by Audi and Skoda. 20 million people are expected to visit Expo 2015 in Milan leading to congestion problems, and so VW Group wants to see a vehicle that is connected to the brand's concept of ‘freedom, versatility, and swift transport'.