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Design Contest: Ferrari 'New Concepts of the Myth'

Automotive design students from all over the world gathered in Maranello this week for the award ceremony of the 'Ferrari - New Concepts of the Myth' design competition. The winners were announced and awarded their prizes at Galleria Ferrari, within walking distance of Ferrari headquarters and Ferrari's Fiorano test track. The coveted prizes are six months of exciting and very demanding work at Ferrari and Pininfarina creative centres, under the leadership of Ferrari's Donato Coco (in Maranello) and Pininfarina's Ken Okuyama (in Torino).

Video: Toyota teases Furia concept

Toyota has released a teaser a teaser video to promote its new Furia concept, set to be unveiled at the 2013 North American International Auto Show in Detroit next month. From what we can tell, the orange sedan concept features some carbon fiber accents – check out the rear lip spoiler – and there appears to be the standard next-generation lights we see on every concept. The world debut of the Furia Concept will be broadcast live online via Livestream on 14 January.

Sales enthusiasm? Sports-car and luxury brands show strong market gains

Count Porsche among enthusiast and luxury brands enjoying huge sales gains this year. Sales for the German automaker are up 29 percent so far this year-one of the largest increases in the industry. Almost one-third of Porsche's total sales came from the four-door Panamera.