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BMW M3 engine shown

By Ben Barry Motor Industry 23 March 2007 01:18 BMW has revealed detailed specs on the all-new 4.0-litre V8 that’s soon to be slotted into the all-new M3. Power is confirmed at 420bhp with 295lb ft peak torque available from 3000 to 7000rpm. The engine – made at the same foundry as the BMW Sauber F1 team’s V8 and derived from the same architecture as the M5 and M6 V10 – looks set to dispel any fears M purists may have had that the M3 would be transformed into a nose heavy, slow revving behemoth.

Ford reports record $1.7 billion profit

Ford Motor Co. reported record third-quarter profits on Tuesday, raised its production forecast and said it will speed up steps to cut its debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.

Drayson Racing and RCA launch EV racing car contest

Drayson Racing has launched a contest with the Royal College of Art's Vehicle Design program to design electric racing car concepts for the FIA's new Formula E series, which is set to start in 2014. The RCA's students are asked to present designs that explore new themes within the technical constraints as part of this course's curriculum. The previous Drayson Formula E concept was developed by Sergio Rinland who will be part of a series of workshops and lectures on aerodynamics, engineering packaging, production engineering and materials, giving students the technical knowledge to develop their designs.