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BMW plotting a hydrogen fuel cell EV

The BMW i3 EV (pictured) will eventually be joined by a hydrogen fuel cell BMW BMW has now taken its first fully-fledged step in to the electric car market with the BMW i3, revealed in full earlier this week. The i3 is a properly competent offering from BMW and it seems likely that, despite a price pushing on £30k even after the taxpayer bribe for EVs, that they will find a ready market in their affluent customer base for the i3 as a second (or third, or fourth…) car for local runarounds. BMW has even managed to negate range anxiety by offering the option of a range-extender engine in the i3 – basically a BMW motorcycle engine to charge the battery when it runs out of juice – so BMW’s customers who may wish to use their i3 for more than just a trip the shops can do so without getting stranded.

Is Ferrari for sale?

Reports out of Europe have Fiat considering selling a big chunk of Ferrari S.p.A. to raise cash so it can increase its stake in Chrysler Group to 51 percent. The Italian newspaper Il Corriere della Sera said it has gathered information at Fiat’s Turin headquarters and reported Fiat wants to raise cash to fund buying 51 percent of Chrysler, up from the 20 percent it owns now.

There's a 2015 Ford Mustang convertible on the way, too

Almost immediately after the Ford Mustang debuted, buyers could choose from three body styles -- a hardtop, a rag-top convertible and a fastback (which actually came out a few months later than the hardtop and convertible). We already knew that the 2015 Mustang will arrive as a fastback (sorry, notchback partisans), but Ford has just announced that a drop-top version is also in the works. Pictures of the convertible sport a shiny "5.0" badge on the side and and chrome "GT" badge on the back, but we assume all the standard engines -- the 5.0-liter V8, 3.7-liter V6 and that new 2.3-liter EcoBoost turbo-four -- will be offered.