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BMW 328 Hommage makes first U.S. appearance at Pebble Beach

BMW's celebration of the 75th anniversary of the BMW 328 continued Friday at the Legends of the Autobahn car show in Carmel, Calif., with the North American debut of the BMW 328 Hommage Concept. The car will also be on display at the Rolex Monterey Motorsports Reunion on Saturday and at the Pebble Beach Concours d'Elegance on Sunday. The 328 Homage concept was created in honor of the 75th anniversary of the BMW 328.

EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.

GM to build Cadillac ELR in Detroit

General Motors confirmed Tuesday that it will build the Cadillac ELR extended-range plug-in hybrid at the same plant that builds the Chevrolet Volt and Opel Ampera hybrids. GM said it will spend $35 million on the Detroit-Hamtramck Assembly plant to add the Cadillac. GM North America president Mark Reuss said production of the ELR is set to begin in late 2013.