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Special BMW M3 Competition Edition coupe gets Frozen Silver matte paint

Directly on the heels of SEMA, the matte capital of the world, BMW announced a special run of the 2012 BMW M3 Competition Edition coupe in Frozen Silver matte paint. And we mean extremely limited: just 40 cars celebrating 40 years of BMW racing in North America will be made. Each car will have the Frozen Silver paint, black hood intakes and dark chrome exterior trim.

Iconic rally-winning Ford Escort Cosworth confirmed for Goodwood

A RARE and celebrated old Ford Escort Cosworth rally car is to make an appearance at the Goodwood Festival of Speed. The car, decked out in the iconic Michelin Pilot livery, will feature on Michelin's own stand at the show and will give people a once-in-a-blue-moon chance to get up close. Driven by Malcolm Wilson OBE, the Team Principal of the M-Sport World Rally Team, the iconic Michelin Pilot Escort RS Cosworth dominated the 1994 British Rally Championship.

EV maker Coda trims staff

Not much more could go wrong for electric-car maker Coda, which has struggled to sell its four-door EV in the United States since officially launching it here in March. But Web reports, first seen at www.plugincars.com, say the company laid off 50 employees, or 15 percent of its workforce, last week, mostly in the sales and marketing departments. Efforts by Autoweek to contact Coda have not been successful.