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CDN-GM Interactive Competition: Phase 2 deadline extended until Sunday 28 September

Due to the number and quality of the entries that are still pouring in we've extended the deadline for this phase of the CDN-GM Interactive Design Competition to give you a couple more days to upload your work. Remember that during this phase, while your design needn't be fully finalized, you should be firming up your major themes based on your Phase 1 work and the feedback comments from the Mentors and your peers. The entrants progressing to Phase 3 will be announced next week for the final phase of this year's contest ahead of the announcement of the winners in January.

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Peugeot Adds Estate To Acclaimed 308 Range

FRENCH car maker Peugeot had released details of its new medium-size estate, the 308 SW, which should start hitting showrooms in June. Hoping to build on the success of its recently launched 308 hatchback, the SW promises the same level of standard equipment, Peugeot’s newfound bold approach to exterior design and wallet-friendly petrol and diesel engines. Prices will start from £16,895 for the entry-level 110 horsepower 1.2-litre petrol model, while engine stop-start, both manual and automatic gearboxes will be offered along with selected engines dipping to 85g/km CO2.