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Third annual World Automotive Design Competition

The third annual World Automotive Design Competition, sponsored by Alias, was hosted by the Canadian International Auto Show in Toronto, Ontario, on February 12. Britain's Coventry School of Art and Design, and Tsinghua University in Beijing, China were the big winners, together garnering seven of the eight prizes. Ninety-four students from twenty design schools from China, Brazil, Japan, France, Korea, England, Wales, Italy, Spain, India, Sweden, the USA and Canada competed to win over US$140,000 in prizes.

Saab files for bankruptcy: the end of the Swedish saga

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.

Porsche changes CEOs

The changes continue at Germany's most famous sports-car maker: Porsche CEO Michael Macht is being replaced after less than a year at the helm by Matthias Mueller. The changes take effect on Oct. 1.