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Formula One: Ferrari's Montezemolo to run for Italian presidency?

Ferrari boss Luca di Montezemolo has stirred the pot in Italy with reports saying he will run for the Italian presidency in 2013, but Montezemolo himself has denied tales of his presidential ambitions. Montezemolo has made it known that he wants to see economic and structural reform in his homeland. The Italian also has repeatedly hinted at his political yearnings.

Car Designers Blackmailed

A London court has found former design student Guy Lloyd-Parker guilty of blackmailing US car designers. The London College of Fashion graduate had claimed that 95 car design sketches were stolen from him by two college lecturers in 1994, eventually resurfacing as final designs in the form of the Audi TT, BMW Z3, Mazda RX-8 and the Volvo XC90. Lloyd-Parker, having failed to successfully sue the college, began sending menacing letters to California-based Volvo Design Director Geza Loczi, former BMW and Aston Martin designer Henrik Fisker, and ex-Mazda designer Tsutomu Matano demanding £90,000.

Toyota recalls 35,000 cars

CA MAKER Toyota is recalling more than 35,000 UK cars after it discovered faults that could deactivate airbags, cause seats to move while driving or, in a rarer case that involves undue force, break steering columns. The three separate issues affect some RAV4, Hilux, Yaris and Urban Cruiser models, Toyota said. The Japanese company said there had been no reports of accidents, injuries or fatalities linked to the issues from anywhere in the world, but it was recalling the 35,124 UK-registered vehicles in line with the Driver and Vehicle Standards Agency (DVSA) code of practice.