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BMW and Toyota to team up for sports car

BMW and Toyota have agreed to jointly engineer and produce a new sports car as part of a broad-reaching technical partnership that is also set to center on lightweight construction solutions, fuel-cell development and hybrid powertrains. The announcement of the deal builds on an existing agreement for the supply of BMW diesel engines for various Toyota models, agreed to in December 2011. That was advanced with the signing of a memorandum by BMW CEO Norbert Reithofer and Toyota chairman Akio Toyoda in Munich, Germany, on Friday.

Chevrolet Volt fire probe is closed, NHTSA says

U.S. safety regulators said Friday that they've closed an eight-week investigation into the Chevrolet Volt, concluding that the plug-in hybrid's battery doesn't pose a significant fire risk following a crash. In a statement, the National Highway Traffic Safety Administration said it "does not believe that Chevy Volts or other electric vehicles pose a greater risk of fire than gasoline-powered vehicles." The agency said that modifications intended to reinforce the Volt's 435-pound lithium-ion battery pack that General Motors announced on Jan.

Goodwood Festival of Speed 2012 in photos and on video

Lots of photos of the action at the Goodwood Festival of Speed 2012 and video of almost every supercar on show. This weekend has seen the Goodwood Festival of Speed weave its petrolhead goodness for the assembled throngs on the south coast, so we thought, especially for those that didn’t make it to car heaven, we should give you a taste of what you missed. So we have a big gallery of photos (and we’ll add more as they come in) of everything from classic cars to supercars.