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BMW reveals M3 GT2-based Art Car

This brightly coloured beast is BMW’s latest Art Car, and the company's entry into this year’s Le Mans 24hrs. Based on the M3 GT2, the 17th Art Car has been designed by Jeff Koons and was unveiled last night at the Centre Pompidou in Paris. BMW might not need such help – the M3 GT2 has already picked up a first place at this year’s Nurburgring 24hrs.

2013 BMW X6 gets more LEDs, more options

BMW released details about the changes to the X6 crossover. The 2013 model gets light-emitting diodes front and rear, an optional third-row bench seat and choices in engine power, leather and wheel size. Upgraded models will sport LED headlights up front with BMW's signature luminous rings.

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).