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Art Center Summit 2009

The Art Center Summit, now in its third year, has finally seen the rest of the world catch up with its preoccupations. Initially conceived in 2006-07 to bring government, academic, and business leaders to Art Center College of Design in Pasadena, CA, to discuss issues related to mobility and sustainability, the summit has benefited from the financial turmoil that has recently gripped the world. Previously, the event was highly speculative and appealed mainly to designers working in the advanced mobility community; this year, the summit occurred against a backdrop of meltdown in the US auto industry, chaos in the global financial sector, and a growing realization - supported by the incoming Obama administration - that energy and transportation policy will form a key part of a Green future.

1959 Ferrari 250 GT LWB Berlinetta ‘Tour de France’ fetches £1.96 million

A 1959 Ferrari 250 GT LWB Berlinetta ‘Tour de France’ sold for £1.96 million as the star of R.M. Auction’s 2012 London sale. Star sale of the night in Battersea was a hugely desirable 1959 Ferrari 250 GT LWB Berlinetta ‘Tour de France’ by Carrozzeria Scaglietti which managed to reach £1.96 million (although a 1955 Mercedes-Benz 300SL Alloy Gullwing failed to sell at £2.4 million), but there were plenty of other lots reaching decent prices too.

Chrysler's survival boils down to a deal with Fiat

For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker. Should the two companies fail to prove their plan will work, the U.S.