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BMW, Toyota to jointly develop a sports car

BMW and Toyota Motor Corp. on Friday said they will develop a sports car together and cooperate in fuel cell technology, powertrain electrification and lightweight technologies. BMW CEO Norbert Reithofer and Toyota President Akio Toyoda signed an initial agreement at BMW's Munich headquarters to expand long-term strategic collaboration between the two automakers.

Chrysler drops Electric Cars

The Lotus-based Dodge Circuit Electric Car - will not be made Over the last year or two Chrysler has banged on about their plans to release a raft of electric cars. In fact, they even used their electric car plans as part of the pitch for bailout funds from the US Government. They said they were developing three electric cars and they would be on sale by 2010.

Who's Where: Dave Rand resigns from Changan Automobile

Dave Rand, the former General Motors Design Chief, has resigned from the Chinese State-owned automaker after joining the company last October. Rand's resignation, which was made official last week, follows that of his senior at Changan, Ken Ma who stepped down as Vice President of Design earlier this year. It is not clear precisely why both men have decided to leave the Chinese carmaker, but several people familiar with the situation have said that both Rand and Ma's departures are connected with Changan Auto's recent financial difficulties.