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Subaru WRX and Legacy Concept at Los Angeles Motor Show 2013

Microsoft Subaru unveiled a pair of newcomers at the 2013 Los Angeles Motor Show - a red-hot WRX fast saloon (above) and a concept car depicting the next Legacy (below). The WRX is a Subaru performance icon, but has been around the block a few times in recent years. First it was a four-door blue and gold rally hero, then it became a sensible hatchback.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.

GM's historic Willow Run plant closes

After 68 years of arming the nation and putting America on wheels, the Willow Run manufacturing plant in southeast Michigan closed on Thursday. The 5-million-square-foot powertrain plant, owned by Motors Liquidation Corp., the remnants of the former General Motors Corp., has fallen victim to GM's 2009 bankruptcy and subsequent restructuring. About 300 workers left at the plant will either “retire, transfer to another campus or go on layoff,” said Chris Lee, a spokesman for the reorganized General Motors Co.