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Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.

College Exhibition: Royal College of Art Show 2006

Fifteen final year students at London's Royal College of Art postgraduate Vehicle Design course have displayed their work in the second part of the internationally renowned annual graduation show. The show featured the work of students in Vehicle Design, Design Products, Industrial Design Engineering, Architecture and Interiors, Computer Related Design, Textiles, Animation, Communication Art and Design, Conservation and History of Design. For the 19th year Pilkington Automotive sponsored the RCA's Vehicle Design Awards.

McLaren 12C Spider sells out in 2 hours at Neiman Marcus

The Christmas car for 2012 from US retailer Neimann Marcus – the new McLaren 12C Spider – sold out in just two hours. And it didn’t take long for the 12C Spider to sell out when it went on sale this week, with all 12 cars snapped up in just two hours – all $4.25 million dollars worth. Neiman Marcus were offering their 12C Spiders at a premium of $85k over McLaren’s US list price for the 12C Spider of $269k, but they were throwing in flights to the UK to have dinner with McLaren’s Ron Dennis and a set of custom luggage.