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IAAD exhibition - 'The car that does not exist'

The work of Transportation Design students at the Institute of Applied Arts and Design - Turin, will be shown in an exhibition covering the study and planning of a concept car for Fiat, and a new sedan for Honda. Titled 'The car that does not exist', the exhibition will open on Monday 28th June at the Automobile Museum of Turin (press 2pm, public 6pm) and runs until 2nd September. In addition to the students projects, the exhibition includes historic vehicles and prototypes from both brands.

Formula Drift readies for 10th anniversary

Just two weeks after selling more tickets than ever at its 2012 season-ending event at Irwindale Speedway in Southern California, Formula Drift announced special 10th anniversary plans for the coming 2013 season. “It's crazy,” Formula Drift co-founder Jim Liaw said of the series' and sanctioning body's first 10 years. “It's kind of gone by in a blur.” That would be because it went by sideways.

Tesla, Chrysler take federal loan payment dispute public

Tesla CEO Elon Musk took to Twitter Thursday to respond to Chrysler's barb that Tesla wasn't the first American automaker to repay the U.S. government for aid. Tesla, which paid off the remaining $451.8 million on its 2010 Department of Energy loan Wednesday, received $465 million under the highly politicized Advanced Technology Vehicle Manufacturing loan program.