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BMW M3 Limited Edition 500 – price from £55,690

The BMW M3 Limited Edition 500 is the last hurrah for the current M3 in the UK To coincide with today’s launch of the ’12′ plates, the BMW M3 Limited Edition 500 has been revealed as coupe or convertible. Costs from £55,690. The BMW M3 Limited Edition 500 has been announced by BMW today, a cosmetic job on the current M3 and available as a coupe or convertible.

GM slashes production, 13 plants to get extended shutdowns

General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer.

Tata is leading JLR bidder

By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR.   JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).