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Whitacre leaving General Motors

UPDATED--Ed Whitacre is stepping down as General Motors Co. CEO on Sept. 1.

BMW releases X1 (2009): teaser pictures and video

By Peter Adams First Official Pictures 05 June 2009 16:00 UPDATED: BMW has just released video of a partially disguised X1 testing in Majorca BMW has released four teaser shots of its forthcoming X1 on a Facebook page dedicated to the mini-SUV. The X1 won't be officially unveiled until the Frankfurt motor show in September 2009, but BMW has been cranking up the publicity machine for its new 4x4 since a concept X1 was shown at Paris last year. CAR's Georg Kacher drove a prototype X1 earlier this year (CAR, May 2009) and in the past few days BMW has also released official shots of the car clad in the company's infamous psychedelic disguise.

Vote: Would you buy a Toyota Etios Cross?

Millennials are our future, God help us all, and automakers are still trying to figure out to get this supposedly car-averse demographic to part with its money. Of course, the real reason many Millennials aren't buying cars is because they don't have much money to part with. And, in that respect, they're in the same shoes as consumers in developing markets.