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2015 BMW i3 official photos

The BMW i3 has been officially released as of today, simultaneously worldwide in London, New York City and Beijing. The city car is powered by an electric motor producing the equivalent of 170 hp and 184 lb-ft of torque. The rear-wheel-drive, 2,635-pound car can sprint to 62 mph (100 kph) in 7.2 seconds and can achieve a range as high as 118 miles.

Nissan teams up with Williams for sporty Nismo cars from 2014

Nissan’s performance car skunkworks arm Nismo (short for Nissan Motorsports) has agreed a deal with Williams Advanced Engineering to co-develop faster versions of Nissan’s road cars from 2014. It doesn’t mean the Williams F1 team will be developing the forthcoming Nismo version of the GT-R, but the Formula One team and Williams Advanced Engineering are part of the same group founded by Sir Frank Williams. Sir Frank said: ‘Williams Advanced Engineering has a history of developing world class, high-performance products and this agreement is particularly exciting because of the ambition and potential of the Nismo brand.

Jaguar Land Rover made £1 billion last year

The 2012 Jaguar XF & 2012 Range Rover Evoque - JLR's latest models Who’d have believed it just a year or two ago? Jaguar Land Rover has reported a turnover for the year to the end of March 2011 of £9.9 billion and has made a profit (after tax) of £1.04 billion – almost £3 million a day. From proffering the begging bowl in the direction of a short-sighted Labour government in 2009 – and getting nothing without untenable conditions attached - and making plans to close one of its three UK plants, JLR’s renaissance has been astonishing.