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Mercedes unveils powerful new AMG 4.0-litre twin-turbo V8

By John Mahoney Motor Industry 25 July 2014 17:09 Mercedes AMG has released details of an all-new 503bhp 4.0-litre twin-turbo V8 that will help fill the void when the production of its normally aspirated 6.2-litre V8 ends. Lightweight, compact and more efficient than the big 6.2-litre it replaces, the new smaller capacity turbocharged V8 produces 479lb ft from just 1750rpm. The first car to receive the new engine will be the Porsche 911-rivalling Mercedes AMG GT, but other smaller cars like the C63 AMG are also set to benefit from its compact design.

EBay exotic: 1980 BMW M1

What we have here, according to the seller, is an actual one-owner, 4,418-kilometer (2,739 miles) BMW M1, recently imported to the United States from Germany. That's right--the original BMW supercar, one of 456 reportedly built. While the 277-hp straight-six may not sound too impressive today, keep in mind that the European Ferrari 308 only made about 250 hp at the time.

General Motors to offer car sharing via mobile app and OnStar

General Motors has partnered with a San Francisco-based start-up company named RelayRides to enter the car-sharing business. In early 2012, GM vehicle owners in California will be able to use the OnStar system to rent out their cars when they aren't using them. The service will available nationwide for OnStar subscribers by the end of the year.