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First look: 2014 BMW M3 and M4

The BMW M3 is back, faster and more powerful than ever before -- but only as a four-door sedan. For its iconic 3-series-based performance model, BMW will dispense with a 26-year tradition of high-revving naturally aspirated engines in lieu of turbocharged six-cylinder power. Revealed here in production-car guise for the first time, the new 425-hp M3 sedan will be joined at the outset by its sister model, the M4 -- a mechanically identical but stylistically sleeker two-door coupe previewed in lightly veiled concept-car form at the Pebble Beach concours in California last August.

Dacia ‘Twingo’ planned as sub £5,000 entry-level Dacia

The current Ranault Twingo (pictured) looks set to live on as the new Dacia Twingo The new Renault Twingo – which shares its underpinnings with the next Smart – arrived at the Geneva Motor Show last week, and it looks an appealing and impressive city runaround. With 3-cylinder engines, rear wheel drive and decent looks, the Twingo looks to have a decent chance of making sensible sales this side of the Channel as the budget alternative to the next Smart Car, which will be basically the same under the skin. But those plans may go a bit awry if a report from Auto Bild is accurate, as Dacia appear to be preparing to take the current Twingo and turn it in to a budget offering for the Dacia range.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.