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Renault, Caterham form joint venture to build sports cars

Two lightweight two-seat sports cars, likely to be on sale in 2015 or 2016, will be the first output of a joint venture between French automaker Renault and U.K. sports car maker Caterham that was announced Monday. Renault will put its Alpine factory in Dieppe and its 300-person workforce into the 50:50 joint venture.

Kimi Räikkönen to star at Festival of Speed

FORMULA One favourite Kimi Räikkönen has been confirmed as a star guest for the upcoming Goodwood Festival of Speed. The charismatic Finn will be at the famous Goodwood event as part of a wider celebration of motorsport heritage in conjunction with the Festival of Speed’s recently-announced chief sponsor, Shell. As well as bringing F1 racer Räikkönen and supplying the ‘official fuel’ for the event, V-Power Nitro+ premium unleaded, Shell will celebrate the 50th anniversary of legendary British racer John Surtees’ Formula One World Championship victory with Scuderia Ferrari.

BMW 6-series M-Sport Edition available in July

If you're in the market for a BMW 6-series -- including the low-slung Gran Coupe -- but don't have the extra coin to step into an M6 or the M6 Gran Coupe, then BMW has the answer for you with its newly minted M-Sport Edition Package. Available for all model and engine ranges of the 6-series, Gran Coupe and convertible, the M-Sport Edition Package comes with an M aerodynamics group, 19-inch M light-alloy wheels, LED adaptive headlights and fog lamps, high-gloss Shadow Line trim, black brake calipers and dark polished chrome exhaust pipes. Interior features would make you think you're in an M6, as it comes with an M leather steering wheel, door sill covers, footrests, napa leather sport seats and optional white leather seats with orange stitching.