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Four car design schools to compete in Ferrari design contest

 Ferrari, in collaboration with Pininfarina, has laid down a global challenge for students of car design. The project, called 'Ferrari: new concepts for the myth', will see students from four of the world's best automotive design schools compete to create new concepts for future Ferraris. The four schools are: Art Center College of Design in Pasadena, Tokyo Communication Arts, Coventry University School of Art and Design, and the European Institute of Design in Turin.

Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

Mazda reveals date for all-new MX-5

Mazda has confirmed that the all-new fourth generation Mazda MX-5 (ND) will be unveiled in September 2014. The new MX-5 will be shown simultaneously at events in the USA, Japan and Barcelona in Spain. 2014 also marks the 25th anniversary of the introduction of the first MX-5 – also know as the Eunos Roadster and Mazda Miata – in 1989.