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Ferrari boss Montezemolo says his future is fast cars--and fast trains

Ferrari S.p.A. Chairman Luca Cordero di Montezemolo has pledged his future to the supercar brand, refuting speculation that he might quit to join Italy's government. “In my future I see fast cars and fast trains--and no politics,” Montezemolo told Automotive News Europe in an interview at Ferrari's headquarters here.

Video: BMW M1 Hommage

BMW took the wraps off its latest concept car at the Concorso d'Eleganza in Villa d'Este this past weekend. Called the M1 Hommage, the concept is exactly what it says on the tin: pay homage to the iconic M1 designed by Giorgio Giugiaro, which celebrates its 30th birthday this year. The design of the M1 Hommage concept is a thoroughly modern interpretation of the original - compete with a louvered rear window - but it has grown in size over its thirty year old forebear.

Finalists announced in Fiat UK's 'Smiles per Hour' design competition

Fiat UK has picked five finalists in the ‘Smiles per Hour Design Competition', a design contest we first told you about back in July. The aim of the competition was to find a budding designer in Britain who would develop a clever and amusing new way to travel. Following an initial judging process, the selection for best designs comprised of Simon Tarrant's 'Street Rower'; Nick Rawcliffe's 'Snowbone'; Natalie Daghestani's 'Hylo female commuter shoe'; Steven Spong's ‘Longbow'; and Harley Zblewski's 'Suitcase Car' -  a design we first saw at Coventry University's annual Degree Show in June.