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Ferrari-designed Santa's sleigh (2010)

Ferrari is used to building high-speed sports cars, but now it's undertaken a far more difficult design study: building the Ferrari sleigh for Father Christmas. Penned by the design team in Maranello led by Flavio Manzoni, the Ferrari supercar sleigh is said to use many of the design principles which underpin its roadgoing supercars such as the 458 Italia and California. It’s a lightweight sledge with the iconic Prancing Horse depicted on its flanks and racing numerals on the door panels.

Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

Porsche threatens to pull Boxster production from Magna

Porsche is considering canceling an existing contract with Magna to build the next-generation Boxster and Cayman in Austria starting in 2013 and may instead move production to Karmann in Germany. The move would be aimed at protecting Porsche's closely guarded engineering and production cost secrets for its upcoming entry-level roadster and coupe. Porsche insiders say plans established under former boss Wendelin Weideking to build the Boxster and the Cayman at Magna's Graz factory in Austria are now being heavily reviewed following the Canadian/Austrian company's bid to take control of financially embattled Opel from General Motors.