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Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

Ferrari F70 takes test laps

It's a strange world we live in when, even in my short-to-medium lifespan, we've gone from the 1980 Ferrari 308 GTSi making either 205 or 214 hp—depending on who you're asking—to the Ferrari F70, which is rumored to make 950 hp with its V12 and KERS system. I would put an Excel graph here, but just imagine a line going up at a 45-degree angle to infinity. With all of that in mind, here's about five minutes of the camouflaged supercar flying around the test track with fantastic audio of the Italian stallion in action.

Renault inaugurates Global Design Studio in Mumbai

On Wednesday this week Renault inaugurated their global design studio in Mumbai, India. The Renault Design India Studio is the sixth edition to Renault's international network of satellite design centres following those in Barcelona, Paris, Kihueng (Korea), Sao Paolo and Bucharest (Romania) and is the third to be inaugurated this year. Speaking at the inauguration, Patrick le Quement, Senior Vice President Design of Renault, said: "We started Renault Design India as an observational unit.