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Tata is leading JLR bidder

By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR.   JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).

Shelby American considers bringing back rent-a-racer Mustangs

Shelby American is considering resurrecting its “rent-a-racer” program that offers upgraded Mustang GTs for enthusiast-oriented consumers, AutoWeek has learned. Likely timed to mark the storied company's 50th anniversary, the program could launch as early as next spring. The cars would be offered in two traditional configurations: black and gold and white and gold.

EBay exotic: 1980 BMW M1

What we have here, according to the seller, is an actual one-owner, 4,418-kilometer (2,739 miles) BMW M1, recently imported to the United States from Germany. That's right--the original BMW supercar, one of 456 reportedly built. While the 277-hp straight-six may not sound too impressive today, keep in mind that the European Ferrari 308 only made about 250 hp at the time.