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BMW & Toyota agree joint development of new sports car

BMW and Toyota have signed a binding agreement to co-develop a new sports car and continue with co-developed and shared technology. The way forward for car makers seems to be either to be as big as possible for the benefits of economy of scale, or to work together on joint products to cut development costs. Which is why BMW and Toyota are getting cosy.

First look at the redesigned BMW 3-series wagon

BMW has revealed the wagon version of the fifth-generation 3-series. The company says that the new 3-series Sports Wagon, known as the 3-series Touring in Europe, will reach U.S. showrooms about a year from now.

Formula One: Whitmarsh says McLaren won't give up on 2011

McLaren-Mercedes team boss Martin Whitmarsh says his team wants to win the remaining races of this season while also taking the opportunity to test development parts for its 2012 car. Whitmarsh says that the conclusion of both the drivers' and constructors' title battles--with Red Bull Racing claiming both crowns--has made no difference to McLaren's approach. “There's not been a great distinction,” Whitmarsh said on Friday ahead of next weekend's inaugural Indian Grand Prix.