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BMW M3 coupe gets stripped down to go club racing

BMW's M division is back in the business of building specialty street-legal race cars with a new lightweight version of the M3 called the GTS. The lightweight coupe, set to go on sale in early 2010 at a yet-undisclosed price, was conceived as a limited-edition model primarily for club-based racing in much the same way that Porsche builds the 911 GT3 Clubsport. But in a clear effort to link its track-based activities with the production-car side of its business, BMW's M division is offering the new car with a homologation package that will allow customers to register the M3 GTS for street use.

Robbie Maddison, Levi LaValle break records at Red Bull New Year's Eve event: Video

Now that Red Bull has its hooves in all forms of motorsport, it's fitting that for New Year's Eve, it staged a tandem record-setting jump with a motorcycle and a snowmobile. Rider Robbie Maddison and snowmobiler Levi LaValle took to the stage on Dec. 31, 2011, in San Diego to perform the dual jump.

Toyota will pay NHTSA fine, adds to recalls

Toyota has stayed at the top of the news in the last few days. The Japanese automaker agreed to pay the record $16.4 million fine the U.S. Transportation Department levied against it, even as it scrambled to fix the Lexus GX 460 that Consumer Reports said was unsafe to drive.