Intellitec 50 Amp Smart Ems Energy Management System Upgrade Kit Model 76w0 Ne on 2040-parts.com

Win-A-Shelby raffle winner gets a 624-hp GT350

After years of participating in the Win-A-Shelby Raffle, one lucky enthusiast finally drew the golden ticket at the Barrett-Jackson Orange County Auction in Costa Mesa, Calif. William Munn of Maritez, Calif., was crowned owner of the 2011 GT350 on Sunday. By buying five tickets at $100 or a single ticket for $25, participants placed their names in the drawing to win the coveted Shelby.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.

Future products: BMW focuses on small crossovers, new EV subbrand

BMW will concentrate on small crossovers next year with a redesigned X3 and the all-new X1. Both are based on the redesigned 3-series sedan, which will arrive in 2012. In 2013, a new subbrand of electric and hybrid vehicles being developed by BMW's Project i group will debut.