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£400,000 parking space for sale

The UK’s most expensive parking space has been advertised for a whopping £400,000 – 15 times the average UK salary. The space, which holds two cars, is located close to the Royal Albert Hall in Kensington. On Bing: see pictures of expensive parking spaces London world’s most expensive place to park Its pricetag is 2.5 times that of the typical UK house – but still £3,792 cheaper than the average house in London, according to the Daily Telegraph.

Frankfurt auto show: Mercedes-Benz previews the electric B-class

Mercedes-Benz revealed an electric-powered B-class with range-extending capabilities at the Frankfurt motor show. This rounds out the company's line of standard gasoline- and diesel-engine versions in the second generation of the multipurpose fiver-seater. Set to go on sale in selected markets in 2013, the B-class E-cell Plus is propelled by a 136-hp electric motor that draws electricity from a lithium-ion battery mounted low within the car's MFA platform structure.

BMW M5 comes alive with all-wheel drive

The 2012 BMW M5 will come with a handful of firsts for the sedan. It will be the first time the car houses a turbocharged powerplant, the first time a dual-clutch gearbox is used and, most importantly, the first time the M5 gets all-wheel drive. That's the word from BMW brass in Shanghai, where Albert Biermann, head of BMW M's research and development, confirmed the powertrain, Autocar reports.