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BMW to invest £500 million in UK MINI production

David Cameron welcomes BMW's £500 million investment in the UK What’s going on? Two days on the trot we get good news about the UK economy. Yesterday we reported that Nissan are to invest £192 million to design and build the next generation Qashqai in the UK, and today comes confirmation from BMW that they will be spending £500 million over the next three years in the UK as they gear up for the next generation MINI.

Record-setting Ferrari hydroplane heads for RM's Monaco auction

A record-setting Ferrari-powered 1953 hydroplane, ARNO XI, will cross the block in May at the RM Auctions event in Monaco. The hydroplane set the speed record for a boat of its size on Lake Iseo in northern Italy, running up to 150.19 mph. Designed and built by Achille Castoldi—a friend of Ferrari Grand Prix drivers Alberto Ascari and Luigi Villoresi—convinced Enzo Ferrari to provide knowledge and technical assistance to help develop the world-record-holding boat.

Porsche 911 Carrera GTS arrives

Porsche 911 Carrera GTS The news that the Porsche 911 Carrera GTS will be making an appearance at the Paris Motor Show before arriving in showrooms by December should be followed soon by an announcement that there is to be a Limited Edition run of a 911 Speedster. But one step at a time. As we reported in June, the Porsche 911 Carrera GTS is a wide-bodied (44mm wider at the back) 911 which will be the most powerful ‘regular’ model in the 911 range.