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BMW M3 engine shown

By Ben Barry Motor Industry 23 March 2007 01:18 BMW has revealed detailed specs on the all-new 4.0-litre V8 that’s soon to be slotted into the all-new M3. Power is confirmed at 420bhp with 295lb ft peak torque available from 3000 to 7000rpm. The engine – made at the same foundry as the BMW Sauber F1 team’s V8 and derived from the same architecture as the M5 and M6 V10 – looks set to dispel any fears M purists may have had that the M3 would be transformed into a nose heavy, slow revving behemoth.

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Vast Private Collection To Go Under The Hammer

AN AUCTION of more than 1,000 lots all from the same collection is due to go under the hammer later this month. The collection belongs to Michael Banfield, who has amassed a huge collection covering the history of the car in the UK. Among the earliest cars for sale are a 1904 Mors Roi de Belges, which is in perfect working order, ready to be used and is estimated to make £500,000.