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Donato Coco Appointed Director of Design for Lotus Group

After his non-publicized departure from Ferrari earlier this year, in which Flavio Manzoni was appointed to take his place, Donato Coco has now resurfaced. Lotus has announced Coco's appointment to Director of Design for Group Lotus starting January 4, 2010. In this newly created role, Coco, an Italian national, will lead all Lotus Design activities for Lotus Cars and Lotus Engineering.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.

VW Design Vision Golf GTI (2013) 493bhp Golf revealed

As CAR reported in our scoop last week, VW will unveil a higher-performance Golf GTI hot hatch at the 2013 Wörthersee show, and here we have the first sketches of the super-Golf. Called the VW Design Vision Golf GTI, the concept packs close to 500bhp and can outrun a Porsche 911. It's by far the most extreme Golf hot hatch since the Bentley-engined GTI W12 concept of 2007.