BMW Concept X1 (2008) unveiled: first official photos and video

By Ben Whitworth First Official Pictures 01 October 2008 00:31 This is the new BMW X1. Okay, BMW calls it the Concept X1 – it will be wheeled out tomorrow at the opening day of the Paris motor show – but 99 percent of what you see here will be arriving in production form in the UK in autumn 2009. Expect prices to kick off around £20,000 as the X1 tries to capitalise on its lack of direct rivals – Audi’s Q3 is still two years away.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

One:1 halo car coming from Koenigsegg

Christian von Koenigsegg talked to Bloomberg Businessweek over the weekend, telling the publication about his youth, the supercar business and how most Koenigsegg designs start in his head. It's all worth a read. But at the end of the four-page article, the head of the brand hints at a new car, built as a “money-is-no-object venture” for a dealer in China.