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L'argus European Design Competition 2004 winners announced

With its 3rd design competition, French automotive magazine L'argus de l'automobile challenged design students in the European Union to express their creativity on the theme 'Imagine the convertible commercial vehicle'. With a total of 350 designs submitted, the competition was a resounding success, confirming the interest design schools and their students are taking in this forward-looking competition. Starting out from a light commercial vehicle, the candidates had to propose changes adapted to the specific needs of their user: their basic vehicle could for example be transformed into a helicopter for delivery services, into a work platform for engineers, into a workshop for joiners.

Lexus IS 300h promises unrivalled ownership costs

The new Lexus IS - launched at Detroit in January and costing from £26,495 for the IS 250 in the UK – actually offers ownership costs that eclipse diesel offerings from the likes of Jaguar, BMW, Audi and Mercedes, say Lexus. Despite the logical assumption that the complex hybrid powerplant in the IS 300h would cost more to maintain, Lexus say the opposite is true. Because it has no clutch and the starter motor and alternator are integrated they require no servicing or replacement and Lexus has fitted a timing chain instead of a timing belt, so it won’t need regular replacement either.

Ferrari 458 Speciale supercar (2013) unveiled

Ferrari has unveiled the fastest roadgoing V8 in its history: the new Ferrari 458 Speciale. These first photos reveal the new supercar ahead of its world debut at the 2013 Frankfurt Motor Show in September. This is a harder, high-performance version of one of MSN's favourite V8 supercars.