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New (2014) BMW M3 and M4: OFFICIAL

The new BMW M3 (pictured) debuts along with its coupe sibling, the BMW M4 (below) We’ve had teases from BMW for the new M3 and M4 but now, ahead of a public debut at the Detroit Auto Show next month, we get the official details. Key to the four-door M3 and 2-door M4 is the new 3.0 litre engine, a new turbo, direct injection in-line six petrol which produces 425bhp and a very healthy 405lb/ft of torque from just 1850 rpm. That sort of grunt is enough to get the M3 and M4 to 62mph in 4.3 seconds with the standard six-speed manual, but opt for the seven-speed DCT ‘box and it’s even quicker – just 4.1 seconds.

Peugeot & Citroen cut Electric Car prices

Peugeot Citroen EV Price Cut The prices of both the Citroen C-Zero and the Peugeot iOn have been cut by £6,939 and new contract hire deals have been added. We know that sales of electric cars (EV) are woeful, and that nothing more than a handful of private buyers have actually bought in to the dream that is an electric car future. With that in mind it’s no surprise that the enormous list price of the Citroen C-Zero EV and Peugeot iOn EV have been slashed by £6,939, bringing the price down to a still silly £26,216, although, at least for now, you can still get the taxpayer bribe of £5,000 bringing the price you pay down to £21,216.

Lotus Cars prepares to hire Lutz, Purves as advisers, sources say

Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.