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Chevrolet Sonic gets $14,495 base price

The new Chevrolet Sonic small car--which replaces the Aveo in Chevy's lineup--carries a base price of $14,495 for the sedan and $15,395 for the hatchback, including shipping charges, when it goes on sale this fall. The 2012 Chevy Sonic sticker price is a jump of $2,249 to $3,005 above the 2011 Aveo, but the Sonic is a new design that includes more standard equipment. It rides on General Motors' new Gamma platform.

Hongik University wins 2011 Ferrari World Design Contest

Seoul's Hongik University scooped first place honors in the 2011 Ferrari World Design Contest. 50 highly prestigious universities developed designs for Ferrari's cars of the future, and students from the Korean school beat the second-placed Istituto Europeo di Design (IED) of Turin, Italy, in the final while London's Royal College of Arts (RCA) finished in third place. The ‘Eternità', developed by Kim Cheong Ju, Ahn Dre and Lee Sahngseok, was the winning design for Hongik University, while Azerbaijan's Samir Sadikhov, studying at IED, earned him second place with the ‘Xezri'.

Caterham plans to expand lineup under new owner, report says

Caterham Cars is growing its sports-car lineup, fueled by new owner Tony Fernandes, according to the Web site of U.K. car magazine Autocar. Fernandes's Team Lotus Enterprise, which owns the Team Lotus Formula One team, also plans to introduce the existing Caterham Seven and SP.300/R models to new markets.