Ferrari California Car Cover on 2040-parts.com

2012 Scion iQ priced at $15,995

As journalists including AutoWeek's own Michelle Koueiter flog the new 2012 Scion iQ in California, pricing information has made its way back to the Midwest. The Scion iQ will cost $15,995, including destination, when it hits dealerships. The car will be released in four phases, starting with the West Coast in October.

The great Tesla bubble of 2013

Do I go too far out on a limb to suggest Tesla is the modern-day version of the Great Tulip Bubble of March 1637? Remember, that was when speculators drove prices of just-introduced tulip bulbs to astronomical heights. Some single bulbs cost more than 10 times an average working man's salary.

BMW ‘i' subbrand aims for 2013 launch

BMW has confirmed that the new subbrand through which it intends to market a range of advanced stand-alone hybrid, range-extended and plug-in electric models will be called BMW “i.” Created to develop, produce and market what BMW's head of marketing, Ian Robertson, describes as “innovative solutions to premium mobility,” the brand will be supported by a company established by BMW called i Ventures, through which the German carmaker plans to grow its range of mobility services. The i3 and the i8 will be the initial models and are planned for introduction in 2013. “These cars have been designed specifically for their respective alternative drive systems,” said Klaus Draeger, head of BMW's R&D operations.