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Ferrari P4/5 designer Castriota heads to Saab

Jason Castriota, the noted designer who created the Ferrari P4/5 and the Maserati GranTurismo, is taking his talents to Saab. He will be in charge of design for the Swedish automaker as it looks to develop a new image after being sold by former parent General Motors, Bloomberg News reports. Castriota will work on developing an upscale model of the 9-3 and will try to bolster Saab to better compete with BMW and Audi.

SEMA buys Performance Racing Industry

The Specialty Equipment Marketing Association (SEMA) on Tuesday finalized plans to purchase Performance Racing Industry, and the transaction will close later this month. John Kilroy, who has experience as editor and associate publisher of PRI Magazine and as vice president of the organization, will continue to lead it. For now, according to representatives from SEMA, it's business as usual.

1970s supercars

By Tim Pollard and Ben Oliver 10 July 2008 16:02 Supercars in the Seventies Lamborghini continued to define the supercar in the ’70s, building on the success of the dramatic Miura with the brutal and startling silhouette of the Countach. But Lambo’s nemesis Ferrari was never far behind, and the two Italian thoroughbreds dominated the market, with a succession of beautiful supercars throughout the decade. Despite the threat of the global oil crisis, the Germans started to muscle in on supercar territory with the rare BMW M1 and Porsche's upstart sports car, the 911 Turbo.Browse our GBU-style pick of the decade's landmarks below – and vote for your favourite supercar decade in our poll Make and model Year Price Engine 0-60mph Top speed 1973  £14,610   4390cc flat 12, 360bhp, 311lb ft   5.4sec  175mph For   Pininfarina's styling set the look for Ferraris until well  into the 1980s   Against   Ferrari's answer to the Miura arrived seven years late Verdict   A seminal Ferrari for styling and engineering, too often overlooked   Ferrari's first mid-engined V12 was good enough to stay in production for nine years, bridging the huge gap between the Sixties Daytona and the Testarossa of the Eighties Related Articles:    Other Ferrari stories    Make and model Year Price Engine 0-60mph Top speed Porsche 911 Turbo  1974 £14,749 2994cc flat six, 260bhp, 253lb ft 6.0sec 155mph For   The car that took the 911 into supercar territory; a legend was born Against   Everything you've heard about the handling of early cars is an  understatement.