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BMW M4 Convertible revealed. Price from £60,730

The BMW M4 Convertible (pictured) revealed We reported last month that the new BMW M4 Convertible would debut at this year’s New York Auto Show, and here it is ahead of that debut complete with trick folding metal roof, 425bhp and a price tag that just nicks over the £60k line. A direct replacement for the old M3 Convertible, the M4 Convertible will cost you just over £4k more than the M4 Coupe, but for the extra money you get the same car but with infinite headroom – and a big weight penalty. The new 3-piece metal folding roof can be tucked away in a mere 20 seconds at the flick of a switch, with better noise insulation than the M3 Convertible had and more room in the boot when the roof is down too.

Parking ticket issued every four seconds

UK traffic wardens issued a parking ticket every four seconds last year, dishing out a total of 7.8 million in fines and raking in a whopping £255 million from motorists. The figures, obtained through a series of freedom of information requests by Churchill Insurance, found that Westminster City Council issued the equivalent of more than four Penalty Charge Notices (PCNs) per resident in 2013, generating an income of £24 million for 455,000 fines. Parking wardens given ‘illegal’ bonus targets How to appeal a parking ticket Outside London, Cardiff issued the most fines at 57,000 – while North Somerset Council generated the most revenue at £2.25 million.

UK Ferrari sales outstrip entire Middle East

ITALIAN supercar company Ferrari raced to a record year in 2013 on the back of expanding UK sales, selling more cars in Britain than in the Middle East and Africa combined. As a result the company made an all-time high net profit of 264 million Euros (£217 million) - a 5.4% rise on 2012. A total of 677 Ferraris were sold in the UK, with the nation overtaking Germany as the company's strongest European market and leaving the oil-rich states trailing.