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56% of drivers 'underestimated car expense'

MORE THAN half of people who have bought a second-hand car in the last two years have found it more expensive to run than they expected, according to a Government-backed body. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated and one in five drivers (20%) have resorted to going into debt just to keep their vehicle on the road, the Money Advice Service (MAS) found. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.

BMW 135is coupe and 135is convertible available for order

BMW announced that it will expand its 1-series lineup with the addition of the 2013 BMW 135is coupe and 135is convertible. The enthusiast-oriented 135is models will be powered by BMW's TwinPower 3.0-liter I6 engine that will produce 320 hp and 317 lb-ft of torque after factory tuning. That's a 20-hp and 17-lb-ft increase over the 2012 135i, but BMW claims that the vehicles will maintain both the fuel-economy and emissions ratings of the 135i.

Ford dropping Ranger pickup from U.S. lineup after 2011

Ford Motor Co., as expected, is dropping the venerable Ranger compact pickup from its U.S. lineup after the 2011 model year. Ford is consolidating its global pickup truck platforms from three to two with the introduction of an all-new Ranger to be sold outside North America starting next year.