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BMW and Toyota plan engine-swap deal, reports say

Details have begun to emerge about a planned engine-swap deal between BMW and Toyota. Set to be made public at the Tokyo motor show this week, the cooperation is said to center on BMW supplying Toyota with four- and six-cylinder common-rail diesel engines for use in a wide range of models. In return, Toyota plans to provide BMW with technology used to combine combustion engines and electric motors in various hybrid applications.

BMW's new i concepts revealed

It was meant to be a modest, intimate affair for a select group of media. Yet as we flew to Frankfurt the day before the unveiling of BMW's i3 and i8 concept cars, it became quite clear that this was not to be the case. With hundreds of journalists flown in from all over, a live web broadcast to the rest of the globe, and, for the first time in history, the entire BMW board present in one room, project i is clearly vital to BMW's future product strategy.

EV car maker Aptera shuts down

Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.