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First Sight: Toyota Me.We concept

Hot on the fluorescent heels of Renault's recent Twin'Z reveal in Milan, Toyota revealed its own industrial design collaboration, the ME.WE, at a private event at the its upscale showroom Le Rendez-vous Toyota on the Champs Elysées in Paris last week. Designed jointly by Toyota's ED2 studio in the south of France and renowned French architect and industrial designer Jean-Marie Massaud, the ME.WE is a polyvalent 4-seat electric vehicle to "combat the crisis". It is designed to be simple and functional, yet also project an image of intelligence for our modern times.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.

2012 BMW M5 to get 4WD? +M5 Concept Video

Will the 2012 M5 get four wheel drive? Now there’s something to cogitate on for BMW M5 fruitcakes. Autocar are reading a comment by BMW’s head of R&D, Albert Biermann, that “…there will be some all-wheel-drive surprises on M cars in the future.” as evidence that BMW are going to do the almost unthinkable and offer 4WD as an option on the 2012 BMW M5.