Daihatsu Mira 2008 Condenser [0960600] on 2040-parts.com

Ford GT40 prototype sold for £4.2 million

One of four original Ford GT40 racer prototypes has sold at auction in the US for a staggering $7 million. That's £4.2 million. The Ford GT40 is famous for several things – being the product of Ford’s frustrated attempt to buy Ferrari, becoming an enormously successful Le Mans winning racing car and standing just 40 inches tall.

BMW vs Winter: all you need to know about BMW xDrive

By the CAR editorial team 21 January 2014 15:00 According to BMW, its ‘xDrive’ all-wheel drive system is more popular than any other premium brand’s four-wheel drive drivetrain. That’s right: in the UK, xDrive outsells Audi’s famous quattro system, not to mention Mercedes ever-expanding 4Matic range, and all-wheel drive version of Jaguar’s XF and XJ. If you had to name an all-wheel drive BMW off the top of your head, you’d probably plump for the X5, but the truth is that xDrive has infiltrated the majority of BMW models.

Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.