Mk4 Gti 1.8t Engine (engine Code Awp) on 2040-parts.com

BMW i Ventures buys in to ParkatmyHouse.com

BMW i-Ventures invest in ParkatmyHouse.com Earlier this year – when BMW launched their BMW-i Brand – there was also news of a new BMW company – BMW i Ventures – which BMW said they were setting up to invest in interesting stuff related to cars. BMW stated their goal as “…to expand the range of products and services offered by BMW i in the long term by taking stakes in highly innovative service providers”, and their first investment was in to an app business -  My City Way – which provides users with information on public transportation, parking availability, and local entertainment. BMW argue – very sensibly – that our fuel usage can be cut by using common sense and new technology.

Lotus owner Proton tries to quell sale rumours

The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake in Proton to DRB-Hicom.

Jaguar XJR returns – 542bhp XJ to debut at New York Auto Show

A new generation Jaguar XJR is being launched at the New York Auto Show later this month, signalling the return of the range-topping XJ with 542bhp. We’ve been heralding the arrival of an all new Jaguar XJR for four years and now, finally  Jaguar is about to deliver with a new XJR sporting Jaguar’s 542bhp version of the supercharged V8 under the bonnet. Jaguar are being a bit precious with the full details of the new XJR, but they’re calling the new XJR the ‘Dynamic Flagship‘ of the Jaguar range – which is promising when you consider how fluid and able the XJ already is.