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BMW Z8, Lambo LM002 sell for $192,500 apiece in Detroit [w/poll]

Think a car are a bad investment? That all depends on what kind of car you're talking about. Because while most cars depreciate in value as soon as you drive them off the lot, others can do even better than hold their value. The cars that appreciate tend to be pretty high-end exotics, but they don't have to be multi-million-dollar classics to command a premium at auction. Just look at the results from RM Sotheby's Motor City sale in Detroit this past weekend. The auction house moved a solid $7.4 million worth of metal, which is pretty impressive when you consider that – unlike events at Lake Como or Pebble Beach – not one of the lots dipped into seven figures. 1930s-era American classics performed the strongest, with Duesenbergs, Packards, Auburns and the like all fetching hundreds of thousands. But what intrigued us most were the European exotics that rounded the top ten results. Amidst the Depression-era American steel were a BMW Z8 from 2001 and a 1988 Lamborghini LM002, each of which sold for an equal $192,500. Hardly the highest figures paid for European exotics this year, but considering how much they were worth just a few years ago, they've proven solid investments. BMW only made 5,703 examples of the Henrik Fisker-designed retro Z8, of which only 2,543 were brought to the United States, where they originally sold for $128,000. The most anyone had ever paid for one at auction, according to Sports Car Market, was $184,082, just this past March at Silverstone. That makes the price achieved this weekend a new record for one of the slinkiest vehicles the Bavarian automaker has ever made, representing an impressive 50-percent increase in value over the course of fourteen years. This particular example – chassis WBAEJ13481AH60437 for those keeping track – is decked out in silver over black, with less than 15,500 miles on the odometer. This Rambo Lambo was produced early in the 301-unit production run, with the sought-after carbureted engine and 32,000 miles on the clock. It didn't set any records at the same price, other examples of the LM002 having traded over the past few years for over $200k. But considering that Sant'Agata originally charged around $120-130k for the SUV when it was new, its selling price still represents about 50-percent appreciation (leaving inflation aside).

Two new RWD Toyota sports cars to join FR-S?

Toyota as we know it could become a thing of the past. According to Australian site Car Advice, the Japanese brand known for bland cruisers like the Camry and Corolla is preparing to bring two new rear-drive cars to market that would slot above and below the Scion-badged FR-S. This is very, very good news.
Car Advice spoke to the GT86/FR-S' chief engineer, Tatsuya Tada, who claimed, "Akio Toyoda always says to me, Toyota sports car [family] should be three sports car brothers. 86 is in the middle." The oldest "brother" would be the spiritual successor to the Supra, even if it doesn't wear that name. Tada is in charge of that project, while a sub-GT86 project is being headed-up elsewhere.
Tada refused to comment on names (CA specifically mentions MR2 and Celica) for the new small car, but did say that, "Yes it is rear-wheel drive and that's Toyota's strong position - Toyota sports car must be rear-wheel drive." Perhaps the juiciest bit of information obtained from Tada's interview with Car Advice was his hinting that both new sports cars would be joint ventures, like the GT86/FR-S/Subaru BRZ triplets. Tada wouldn't say who Toyota was in bed with on the smaller model, but did mention that the Supra would be a product of the world's largest automaker's partnership with BMW.

Woman sent to psych ward because police didn't believe she owned a BMW

A woman is suing New York City after she spent eight days in a mental hospital because, she claims, police didn't believe she, a black woman, could own a BMW. Last year, Kamilah Brock was pulled over in Harlem, NY, for having her hands off the wheel, PIX 11 reported. She says she told officers she was dancing while stopped at a red light at the intersection. Police took her into custody and held her for several hours. When Brock was released from the 30th Precinct without any formal charges, police told her she could pick up her car the next day. When she arrived at the impound lot and told officials she was looking for her car - a 2003 BMW 325Cl, she knew there was something wrong as soon as she requested her vehicle. "I just felt like from the moment I said I owned a BMW, I was looked at as a liar," Brock told PIX 11. "They put me in handcuffs and said they just need to put me in handcuffs to take me to my car. And I said OK, whatever it's gonna take to get to my car." Then EMS arrived. She was taken to Harlem Hospital psychiatric ward where she says she was pumped with sedatives and given powerful drugs. Doctors believed she was suffering from bipolar disorder, she claims, and tried for days to get Brock to admit she didn't own the luxury car. They also tried to convince Brock that she wasn't really a banker and President Obama didn't really follow her on Twitter, though both facts are true. The worst part? She was stuck with a $13,000 hospital bill for the pleasure. Brock is currently suing the hospital and several unnamed police officers. Neither the NYPD nor the City's Law Department commented on this story due to ongoing litigation. Government/Legal Weird Car News BMW Ownership Videos lawsuit