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Winners of the 2013 Michelin Design Challenge announced

Michelin presented the three winners of the 2013 Michelin Challenge Design at its private Designers' Reception during of the North American International Auto Show (NAIAS) in Detroit's Renaissance Center. A jury of automotive designers and industry experts picked the winners from the 15 finalists that best explored how design contributes to and impacts the ongoing effort to develop more efficient vehicles, while keeping the emotional side of car design front of mind. This year's top three finalists are Jorge Biosca (Spain), Liu Shun (China) and Song Wei Teo (Singapore).

Panoz launches newest sports car, the Abruzzi

The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Named for the people from the south-central Abruzzo region of Italy, the Abruzzi draws its inspiration from the 24 Hours of Le Mans, where the car is making its world debut on Tuesday, and its styling from the 1935 Delahaye Type 135 tear-drop coupe. "It is about the true spirit of Le Mans, a car you can drive from home to the racetrack, race it, and then drive home again," Panoz chairman and American Le Mans Series owner Don Panoz said.

Used car sales return to pre-recession levels

As the UK’s buoyant new car sales figures continue to buck the European trend, it was only a matter of time before this had a positive knock-on effect on sales of used cars. Now, according to figures released in the latest BCA Used Car Market Report, used car sales hit 7.1 million last year, outpacing new car sales by 6.4% and, even more crucially, returning to pre-recession levels. Best used car buys for 2013 On Bing: see pictures of used cars In fact, a record £38.1 billion worth of used cars were sold in 2012, £5.8 billion more than was spent on new cars.