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Finalists announced in Fiat UK's 'Smiles per Hour' design competition

Fiat UK has picked five finalists in the ‘Smiles per Hour Design Competition', a design contest we first told you about back in July. The aim of the competition was to find a budding designer in Britain who would develop a clever and amusing new way to travel. Following an initial judging process, the selection for best designs comprised of Simon Tarrant's 'Street Rower'; Nick Rawcliffe's 'Snowbone'; Natalie Daghestani's 'Hylo female commuter shoe'; Steven Spong's ‘Longbow'; and Harley Zblewski's 'Suitcase Car' -  a design we first saw at Coventry University's annual Degree Show in June.

2011 Audi R8 GT, an AW first look

Three years after it burst onto the supercar scene, Audi has unveiled a hard-core version of its R8 called the GT. Based on the existing mid-engine R8 V10 and incorporating aerodynamic, weight-saving and mechanical developments used by the company's R8 LMS GT3 race car, Ingolstadt will build just 333 copies of the new 560-hp four-wheel-drive performance flagship. Pricing has not yet been revealed, but given the extent of the changes to the new two-seater, buyers should expect a hefty premium over the R8 V10's $147,000 price tag when the GT goes on sale in North America.

VW’s big jump in profits shows the cost for ‘Premium’ badges

Volkswagen’s profits jumped by £5.7 billion to £25.5 billion with sales numbers up by one million. But the big profits come from ‘Premium’ badges. What’s in a name?