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2015 BMW i3 official photos

The BMW i3 has been officially released as of today, simultaneously worldwide in London, New York City and Beijing. The city car is powered by an electric motor producing the equivalent of 170 hp and 184 lb-ft of torque. The rear-wheel-drive, 2,635-pound car can sprint to 62 mph (100 kph) in 7.2 seconds and can achieve a range as high as 118 miles.

Ferrari chief Montezemolo balances growth, exclusivity

On the morning of the day he celebrated 20 years as head of Ferrari, Luca Cordero di Montezemolo says his first thought was about the future, not the past. He pondered what the world's most famous sports-car maker would look like in 2020. "I have not come up with a comprehensive idea yet," said Montezemolo in an interview at his office in Maranello, 11 miles south of Modena in central Italy.

2012 Ford Explorer gets 28 mpg with EcoBoost power

The 2012 Ford Explorer--the first vehicle in North America to get the company's four-cylinder EcoBoost engine--is rated at 20 mpg in the city and 28 mpg on the highway, it was announced on Thursday morning. The 2.0-liter turbocharged EcoBoost Explorer engine pushes out 240 hp at 5,500 rpm and 270 lb-ft at 3,000 rpm. The four-cylinder is a significant part of the Explorer's dramatic makeover, which has seen the family-hauler transition from a body-on-frame SUV to unibody underpinnings.