The finalists are out. It'll be interesting to see how some of the ideas presented here make their way into future design cues for production cars. The winners will be announced next month and will receive internships at Ferrari and also cash prizes. Its a great way for Ferrari to keep bringing in new and talented people to their design team. 

http://www.carbodydesign.com/2011/06/ferrari-world-design-contest-2011-design-schools-videos/

Ferrari has recently announced the list of finalist schools that have entered the second stage of the contest: IED and IAAD from Turin (Italy), the London Royal College of Arts (UK), the European Design Institute Barcelona (Spain), Seoul’s Hong-ik College (Korea), the DSK Supinfocom from Pune (India) and the College For Creative Studies in Detroit (USA).