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New BMW 2 Series M Performance Parts revealed

The new BMW 2 Series (pictured) gets a range of M Performance Parts The opposite side of the coin from debadging your high-end BMW so no one knows you’re packing a big punch is adding M Performance parts to turn your lowly diesel in to something that looks like it will win every traffic light grand prix going. And when the new BMW 2 Series Coupe – the replacement for the 1 Series Coupe – arrives in the UK in March 2014, buyers will have a wide range of options from the BMW M Performance Parts offerings to tweak the interior and exterior looks, suspension and the engine. Power upgrades are available for the 220d Coupe which increase the output of the 4-cylinder diesel by 16bhp and adds an extra 29lb/ft of torque for a new output of 197bhp and 310lb/ft of torque, despite which official economy figures remain unchanged.

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

GM may use diesels in light-duty pickups

General Motors is considering a diesel engine for light-duty versions of its redesigned full-sized pickups. GM North America President Mark Reuss said in an interview that a diesel is among the options for the next-generation Chevrolet Silverado and GMC Sierra, which are due in showrooms next spring. Chrysler Group recently said it is considering a diesel for its light-duty Ram.