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Design Contest: AutoStyle 2011

The newly renovated Polirone Abbey in San Benedetto Po, Italy, will again play host to the Autostyle design competition on October 6th and 7th. Now in its eighth edition, the event is more than just a design contest; it is also a workshop on the state of the auto industry. Devised by Roberto Artioli, managing director of Berman SpA, an OEM parts and genuine accessories designer and supplier, and Fulvio Cinti, Director of Auto & Design magazine, the event will honor the winners of this year's competition and present a total of five awards to 12 finalists, which have been selected out of 80 applicants from different design schools.

Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show

2013 marks 40 years of Caterham Cars since what was originally a Lotus dealership took over production of the Series 4 Lotus Seven in 1973. Now, at Frankfurt 2013, the British manufacturer is debuting its newest model – the Seven 165 prototype – set to become the entry-level version and the lightest, most efficient Caterham ever when it goes on sale in the UK in 2014. We like the fact that you will be able to buy a Caterham for less than £17,000 and still be able to embarrass much more expensive machinery when the going gets twisty.

Singapore billionaire Peter Lim invests in McLaren Automotive

Singapore billionaire Peter Lim has invested in McLaren Automotive and has taken a spot on the board of directors along with Ron Dennis, Mansour Ojjeh and the Bahrain Mumtalakat Holding Co., McLaren said on Friday. The company declined to reveal the amount of the investment, but privately held McLaren said it is a “significant amount.” More details of the deal will be announced closer to the Singapore Grand Prix. Lim is ranked as the eighth-richest businessperson in Singapore, according to Forbes, and he owns a chain of Manchester United-themed restaurants and bars in Asia.