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Toyota sells off Tesla shares, too
Fri, 24 Oct 2014The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.
Watch two championship-winning DTM cars from BMW go head-to-head
Mon, 06 May 2013BMW recently had a little fun with two of the company's past DTM champions. Roberto Ravaglia and Bruno Spengler, winners of the 1989 and 2012 championships, respectively, both showed up at the world-famous Hockenheimring with their title-winning cars. The two swapped seats, with Ravaglia taking the helm of Spengler's BMW M3 DTM racer and Spengler sliding behind the wheel of Ravaglia's first-generation M3 racer in the classic BMW Bank livery, and headed for the track. Spengler got a 23 second head start in the first-gen M3 with Ravaglia chasing behind.
It didn't take long for the older hotshoe to sort out his new ride and close the gap. The short clip below follows the two as they make their way around the circuit, but the really interesting portion comes when the pair begin discussing what they like and don't like about each other's machines. You can check out the full video below for yourself.
BMW, Mini aim to sell million cars off new FWD platform
Mon, 22 Jul 2013Mini sold 301,526 cars in 2012; BMW sold 1.54 million of its own models. According to a piece in Autocar, analysts say the coming UKL1 platform that will form the skeleton of the third-generation Mini Cooper and coming front-wheel drive BMW 1 Series could be responsible for "more than 900,000 cars per year" all by itself.
That sale fire is fueled by the UKL1 wearing up to twenty-three bodies in total between the two brands, 11 for Mini and 12 for BMW, rendering hatchbacks, sedans, coupes, convertibles, wagons, crossovers and people-haulers from about 12.5 feet to 14.5 feet. In April the VP of Mini USA said we might find some current models don't make it to a next generation, but a graphic accompanying the Autocar story has them all there. If it's correct, then those 23 models will only base model lines and don't account for different engines and four-wheel-drive options for each model.
The big changes that would perhaps mean big sales for the Mini line are a five-door hatch with two smaller rear doors for children, the sedan talked about last year for Asian markets and an MPV perhaps wearing the "Traveler" name that could send the Countryman in a more SUV-like direction.