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Next BMW 7-series previewed in Vision Future Luxury concept

BMW has previewed key exterior styling elements, contemporary interior design touches, lightweight carbon fiber construction and innovative lighting systems to be incorporated on next year's sixth-generation 7-series with the unveiling of an arresting new concept car that goes under the name Vision Future Luxury. Revealed at the Beijing auto show, the big new sedan is described as a showcase for future BMW models. But while initial speculation suggested the Vision Future Luxury pointed at a possible 9-series flagship model to be installed at the top of the German car maker's lineup, BMW officials have confirmed the new concept was created more specifically as a pointer to the next 7-series, which is planned to head into North American showrooms late next year.

Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

Mitsubishi i MiEV Electric car launches in Japan

Mitsubishi i MiEV electric car launched in Japan at around £20,000 Until now, electric cars have been very much an oddity. The laughable G-Whiz and the Tesla Roadster are interesting in their own way, but unless you want to look like Noddy’s best friend (G-Whiz) or are happy to have a second-rate Lotus Elise at three times the price (Tesla), there wasn’t much to appeal to the normal car buyer. But it’s changing.