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Michelin Challenge Design 2015: Jury meeting and entry review

Michelin Challenge Design has held its annual jury meeting and review of entries. The event took place at the Canepa Motorsports Museum in Scotts Valley, California on 14-15 July. The museum is home to a large number of significant racing cars, including a rare 1976 Tyrrell P34 six-wheel Formula 1 car, a 1969 Porsche 917K and the 1985 Rothmans Porsche 962C.

Toyota announces winners in design competition (w/ Video)

Toyota has announced the winners of a sponsored design competition hosted by London's Royal College of Art. Based on the theme of ‘Intelligent Urban Living', the winners include a simple but effective vertical storage system to keep bikes out of reach of thieves and a keyboard display that makes life easier for two-fingered typists. Inspired by the design of Toyota's innovative iQ city car, which addresses many of the challenges of modern city living with its compact dimensions, the contest generated inspiration that gave a new twist to some familiar household objects and produced innovations to make modern life easier and more environmentally responsible.

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.