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New BMW M3 and M4 revealed for 2014

This is it, folks – this is your early petrolheaded Christmas present: BMW has released full details of the new BMW M3 Saloon and M4 Coupe. And we do mean full details. Output of 431 turbocharged horsepower is the headline, but really it’s the extent of the engineering overhaul carried out by BMW’s M division that really stuns the senses here.

2015 BMW M4 Convertible debuts: drop-top fun priced from $73,425

The 2015 BMW M4 Convertible made its official debut at the New York auto show yesterday. While the details of the high-octane hardtop didn't exactly catch us off-guard (see our full breakdown here), we now know how much it'll cost to feel the wind in your hair as you launch from 0-60 mph in 4.4 seconds: $73,425, to start. Complete pricing will be available closer to the M4 Convertible's sale date, which is “late summer” 2014, according to BMW.

Geely's new Shanghai design studio at the center of four-studio operation

Geely Group's new central Shanghai Design Center is the global hub of its four-studio design operations. The facility on Guozhan Road, Pudong New District was formerly the site of the Central American Union Pavilion during the 2010 Shanghai EXPO and was chosen for its potential for growth despite its downtown location. The 3,800 square meter studio will be home to around 110 staff – both local and international – over the coming months, as part of the company's ongoing recruitment drive as it strives to be seen as one of the leading Chinese players.