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Italian design house Bertone nearing bankruptcy

The Italian design house Bertone is reportedly nearing bankruptcy again, according to a report from Autocar. The carrozzeria has experienced financial problems in 2008 and 2013, and even though it generated more than €20 million, or approximately $28 million, last year, the company reportedly laid off 160 employees recently. At least 30 workers who have been laid off have taken action against the company, seeking to recover monies owed to them.

Ford S-Max

Following the unveiling of the SAV concept at Geneva last year comes the production version, the S-MAX. Sharing much in common with the new Galaxy, the S-Max aims to have greater dynamic appeal and retain a closer connection with Ford of Europe's 'Kinetic Design' ethos. Differences include the dropping window-line that pushes back to form a triangular D-pillar and round fog lamps at the front.

Toyota to unveil low-cost car next month

Toyota said it will unveil a concept of its new car for emerging markets at the New Delhi auto show on Jan. 5. The Japanese automaker plans to sell the low-cost compact car in markets such as India, Russia and Latin America.