Summit Racing Torque Wrench G1055 on 2040-parts.com

BMW to invest £500 million in UK MINI production

David Cameron welcomes BMW's £500 million investment in the UK What’s going on? Two days on the trot we get good news about the UK economy. Yesterday we reported that Nissan are to invest £192 million to design and build the next generation Qashqai in the UK, and today comes confirmation from BMW that they will be spending £500 million over the next three years in the UK as they gear up for the next generation MINI.

Nissan Land Glider revealed +video.

The Nissan Land Glider will be at the Tokyo Motor Show We had Toyota’s Jetson-inspired pocket-sized city EV – the Toyota FT-EV II – revealed yesterday and today we get something even smaller from Nissan – the Nissan Land Glider. The Nissan Land Glider is a very narrow and compact two-seat urban electric car. It’s narrow size makes it perfect for parking and its fly-by-wire dual joystick controllers will make anyone much under 50 feel very at home.

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.