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Design Contest: Renault UK launches Twizy student design competition

We all know how expensive higher education is, so the chance to win up to £9,000 towards UK tuition fees in return for submitting graphic designs for the Renault Twizy sounds very appealing. All you have to do is visit designatwizy.co.uk to download a layout of the front, side and rear and submit as many entries as you like. The closing date is 20 February, when a panel including Senior Vice President, Corporate Design, Laurens van den Acker will choose a top 10 to enter a public vote.

TVR sold

By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.

1961 Ford Gyron concept scale model sells for $40,000

A scale model of the 1961 Ford Gyron concept has sold at auction for $40,000, around four times its estimate. The space-age concept car – designed by Alex Tremulis, McKinley Thompson, Syd Mead, Bill Dayton, John Najjar, and Elwood Engel – debuted in 1961 at the New York International Auto Show and featured two wheels mounted along the car's centerline, usung a gyroscope for stability. The full-size model – which relied on stabilizing wheels instead of a gyroscope – also predicted the development of satellite navigation systems, car phones and infrared sensing.