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007's Lotus Esprit Series 1 submarine car to be auctioned

The famous Lotus Esprit Series 1 submarine car from the “The Spy Who Loved Me” will be up for grabs at RM Auction's Battersea Park, London event slated for Sept. 8 and 9. Every James Bond fan loves the use of Jags, Lotuses and, of course, Astons in the famous franchise, and now you'll have the chance to fulfill your fantasy of being Bond by putting one in your garage -- or at least your boathouse.

BMW gets new North America boss

Veteran BMW executive Ludwig Willisch, who has led sales operations in Europe and Japan, will take over as CEO of BMW of North America on Oct. 1. The 54-year-old German will replace Jim O'Donnell, 61, who is retiring.

Michelin Challenge Design competition celebrates 10 years

Michelin has released a short video documenting the last ten years of the Challenge Design competition. With excepts from jury members Freeman Thomas, Director of Advanced Design at Ford; Victor Nacif, VP of Design at Nissan Design Europe; Geza Loczi, Director of Design at Volvo Monitoring Concept Center; Dave Marek, Advanced Design Director for Honda North America; Steward Reed, Chair of Transportation Design at ACCD; Frank Saucedo, Design Director of GM's Advanced Design Studio in California and Chris Chapman of BMW Designworks USA, the video outlines some of the 2700 entries Michelin has received since the competition's inception in 2002. That year, the MCD display at the NAIAS in Detroit featured cars from European design houses.