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Record-setting Ferrari hydroplane heads for RM's Monaco auction

A record-setting Ferrari-powered 1953 hydroplane, ARNO XI, will cross the block in May at the RM Auctions event in Monaco. The hydroplane set the speed record for a boat of its size on Lake Iseo in northern Italy, running up to 150.19 mph. Designed and built by Achille Castoldi—a friend of Ferrari Grand Prix drivers Alberto Ascari and Luigi Villoresi—convinced Enzo Ferrari to provide knowledge and technical assistance to help develop the world-record-holding boat.

College Exhibition: Coventry University students prepare for the MA Design Degree Show

MA students from the Coventry University Automotive Design course are preparing for their annual degree exhibition. This year's show, entitled 'Move' will present the work of 21 students in the new Coventry Transport Museum, Hales St, in the centre of the city. The projects on show cover the full spectrum of vehicle concepts, with the show zoned into four themes: 'Move-Art', 'Move-Identity', 'Move-Current' and 'Move-Extreme'.

Tesla: Factory on track for 2012 Model S launch

At Tesla Motors Inc.'s first annual shareholders meeting since going public last July, Tesla CEO Elon Musk provided a vision of using the full capacity of the former New United Motor Manufacturing Inc. plant it acquired from Toyota. He also discussed a string of electric vehicles and the possibility of a chain of company-owned charging stations and battery-swap facilities.