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BMW creates mini version of Art Car by artist Jeff Koons

Known for his whimsical sculptures, artist Jeff Koons is using his skills to create limited-edition BMW Miniature Art Cars instead of giant stainless-steel balloon animals. Famed artists such as Andy Warhol and Roy Lichtenstein have created their own BMW Art Cars, and Koons is just the latest in a line such works since Alexander Calder painted the first installment in the Art Car Collection in 1975 Adorned with bright streaks of color against a black background, the full-size vehicle competed in Le Mans in 2010. Miniature models are available now.

P1 Supercar Club in administration

The P1 Supercar Club seems to have fallen by the wayside. [ad#ad-1] In a buoyant economy, with plenty of ‘Readies’ floating around, the Supercar Club Concept (where members pay an annual fee for the use of a fleet of Supercars for a fixed number of days a year) works well. Clubs in the UK have sprung up all over the place, inspired by the success of the P1 Supercar Club, co-founded by Damon Hill in 2000.

Toyota ends powertrain deal with Tesla

To the surprise of no one, Toyota has announced the end of a partnership with Tesla that gave rise to the slow-selling RAV4 EV, which will be replaced by a fuel cell car next year. Toyota has said that it can't meet California's zero-emission vehicle (ZEV) mandate profitably with electric cars, but it thinks it can make money, or at least not lose so much of it, with fuel cells. Toyota signed a $100 million joint development deal in 2011 with Tesla, to build powertrains for its RAV4 EV.