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BMW, Daimler experiment with upscale rent-by-the-ride

Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.

Nissan gets a new 'Leaf' on life

On Thursday, Nissan announced that its all-electric Leaf will be added to its Certified Pre-Owned Vehicles program. Starting in September, Nissan will back all used Leaf vehicles to provide years of performance and quality at a competitive value. The program will not only provide buyers with eight-year/100,000-mile battery warranty coverage, but also with five-year/60,000-mile coverage for battery-capacity loss that falls below nine bars, which is imperative when you're relying solely on electricity to power your vehicle.

Jordan sells off Formula One collection

FORMULA ONE commentator and former team boss Eddie Jordan is selling off his collection of racing cars and memorabilia to raise money for charity. The sale includes the very first Jordan F1 car that driven by Michael Schumacher. It comes complete with the German driver’s original racing helmet that Schumacher signed and gave to Eddie Jordan as a souvenir.