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BMW introduces anniversary edition 760Li

Twenty-five years ago, BMW delivered the first V12 7-series sedan. It used 5.0 liters of displacement to make a whopping 296 hp, which was powerful for its time. Now the marque from Bavaria introduced the 25th anniversary edition of that V12 sedan with more displacement and much more power.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Toyota starts 'rubbish revolution'

TOYOTA has been talking garbage, with ambitious plans to turn waste gases from a landfill site into electricity for building low-emissions cars. The firm’s factory in the American town of Georgetown, Kentucky, will use the new method of harvesting power to both lower its own fuel bills and reduce the amount of harmful gases escaping into the atmosphere. With the system expected to be up and running within 12 months, Toyota has revealed how it is expected to work.