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BMW & Toyota agree joint development of new sports car

BMW and Toyota have signed a binding agreement to co-develop a new sports car and continue with co-developed and shared technology. The way forward for car makers seems to be either to be as big as possible for the benefits of economy of scale, or to work together on joint products to cut development costs. Which is why BMW and Toyota are getting cosy.

Volvo discontinues S40 and V50 for 2012

Volvo will discontinue the S40 sedan and the V50 wagon for the 2012 model year in the United States. The second-generation S40 came out in 2004, and the V50 debuted in 2005. According to Volvo spokesman Dan Johnston, S40 sales were down 29 percent by the end of last year and V50 sales were down more than 50 percent.

Paris Motor Show 2006

The Paris Motor Show has opened its doors with the media preview days. Production car debuts include the Nissan Qashqai, Audi R8, Volvo C30, new Mini, and Citroen C4 Picasso. Concepts included the Alfa 8C, Renault Nepta, Hyundai Arnejs, Citroen C-Metisse, Skoda Joyster, VW Iroc, Lancia Delta HPE and Peugeot 908RC.