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Designer Paul Smith launches exhibition

DESIGN GURU Sir Paul Smith has given a glimpse into his world with a re-creation of his office forming part of a new exhibition dedicated to his work. The fashion star takes centre-stage at the Design Museum in London for the next four months with items from his vast archive on display. Sir Paul was at the launch today, posing alongside colourful life-size cardboard cut-outs and showing off sketches, designs and other paraphernalia from his lengthy career as one of Britain's best-known creative forces.

How well is Ferrari really doing? Results analysed

Ferrari seems to be holding up well in the global recession, according to figures announced this week. Its market share is up, consolidated revenues fell just 7% in 2009 and overall operating profit stood at a juicy €245m. Not a bad performance in the biggest economic downturn for generations.Ferrari operates in the upper echelons of the premium sports car market: serious stuff with at least 450bhp and a minimum €140,000 price tag.

Porsche Panamera plug-in hybrid set for 2014

Porsche AG will build a plug-in hybrid version of the Panamera sedan starting in 2014, sources familiar with the situation said last week. The plug-in hybrid likely will come to the United States, but the timing is unclear, a source said. Volkswagen AG, which owns 49.9 percent of Porsche's sports car business, will roll out plug-in hybrid versions of the Audi Q7 crossover and European-sold VW Passat starting in 2014 or 2015, a source said.