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Video: BMW M1 Hommage

BMW took the wraps off its latest concept car at the Concorso d'Eleganza in Villa d'Este this past weekend. Called the M1 Hommage, the concept is exactly what it says on the tin: pay homage to the iconic M1 designed by Giorgio Giugiaro, which celebrates its 30th birthday this year. The design of the M1 Hommage concept is a thoroughly modern interpretation of the original - compete with a louvered rear window - but it has grown in size over its thirty year old forebear.

Concept Car of the Week: Pontiac Banshee (1964)

In 1964, the Pontiac Motor Division was headed John DeLorean, who would go on to become one of the automotive industry's most divisive figures. He believed that Pontiac needed a compact, exciting car to compete with the newly launched Mustang and approved funding for the experimental Pontiac two-seat sports-car program, codenamed XP-833. Inspired by another GM show car, the rear-engined Corvair Monza GT from 1963, the lines of the XP-833 were a perfect example of the Coke-bottle bodystyle: long hood, short deck and sweeping fender curves.

GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.