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College for Creative Studies students among Ferrari design-contest finalists

Detroit's College for Creative Studies is among seven international design schools chosen for the final stage of the Ferrari World Design Contest. The competition started with 50 schools tasked to create the Ferrari of the future. The jury encountered a difficult selection process for stage two and raised the maximum number of finalists from six to seven.

£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

2014 Ford Fiesta gets three-cylinder EcoBoost power

Ford confirmed Monday its three-cylinder 1.0-liter EcoBoost engine will arrive next year in the 2014 Ford Fiesta. The unit is expected to achieve an output of about 123 hp and 148 lb-ft of torque. The Blue Oval says the engine has a higher specific output than any engine in its stable.