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First Sight: BMW at the 2012 London Olympics

Director of BMW i design Benoît Jacob showed Car Design News the i Pedelec bicycle alongside a new version of the i3 concept at the company's new Park Lane ‘i store' in London. The compact bike folds artfully into the boot of the car, recharging its batteries when stowed. Made in limited numbers, a few i Pedelecs will run outside its contractual fleet of 4,000 vehicles at the London Olympics.

GM recalls the Chevrolet Cruze for possible steering problems

General Motors said on Wednesday that it will recall 154,112 Chevrolet Cruze sedans to check for a problem with the steering shaft. A GM spokesman said the issue was discovered when a customer lost steering control in a parking lot but did not have an accident. GM says no accidents have occurred because of the problem.

Confirmed: special Ferrari for 60th anniversary in USA

It’s been a busy week for Ferrari chairman Luca di Montezmolo. First he announced his resignation (effective from October) from the Italian sports car firm after 23 years at the helm. Then he proclaimed record financial results for Ferrari for the first six months of 2014 (£101.4 million profit) before declaring a special Ferrari model will be unveiled in October to celebrate 60 years of the Prancing Horse in America.