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Schools Award and CDN Design Schools League Table

Schools as well as students are being recognized in this year's CDN-Interior Motives Student Design Awards, just launched, with a special award being introduced for the school whose students have the most success in the competition. CDN acknowledges that great teaching, as well as raw student talent, is needed to shape the work of the next generation of car designers. So along with the student finalists in 2012 will come finalist schools, as measured by the success of their students in getting to the shortlist stage of the competition, in becoming category finalists, or in winning an award or becoming overall winner.

Ferrari P540 Superfast Aperta revealed

The Ferrari P450 Super Aperta created for US businessman Edward Walson Special, one-off Ferraris are the preserve of the very wealthy. Whether they’re made by Ferrari or Pininfarina or Zagato, they command a price that is beyond the reach of mere mortals. Cars like the James Glickenhaus Ferrari P4/5 (and now the competizione version) cost millions.

Saab EIB loan repaid by Swedish Government

Sweden has repaid Saab's EIB loan With Saab in administration, the European Investment Bank (EIB) has called in the Swedish Government guarantee on Saab’s loan. In the midst of Victor Muller’s efforts to restructure Saab, Saab received access to a European Investment Bank loan of €400 million, of which it accessed some €217 million. But just like any less than credit worthy individual Saab needed a guarantor for the loan, which they received from the Swedish Government.