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Mercedes-Benz courts Renault for new Smart model based on Twingo

Mercedes-Benz is set to join forces with Renault in a deal aimed at providing its underdeveloped Smart division with a contemporary-engineered front-engine/front-wheel-drive platform as the basis for a frugal new Forfour model. The new Smart, due out in 2013, is planned to sit on a lightly modified version of the Renault Twingo’s underpinnings, complete with a 93.3-inch wheelbase. Speaking about the new car over the weekend, a highly placed Mercedes-Benz official told AutoWeek: “It’s a key component in plans to grow the Smart brand.

Want a 28% return on investment? Buy a Classic Ferrari.

The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models. It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too. The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars.

Magna Electronics develops 'Touchskin' concept [w/video]

Electronics firm Magna is working on a new technology it calls 'Touchskin concept' that has the potential to eliminate traditional switches and instruments inside vehicles. As part of its ‘Intelligent Surface Technology', the Touchskin concept is set to be an integral part of a system that allows the user to control the car via intuitive gestures – such as pinching, tapping and swiping – as we've become so familiar with when using smartphones. The potential design implications are easy to see with the large amount of space made available by removing the traditional instrument cluster and its wiring and the removal of wired-in switches and buttons.