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BMW Grand Lusso Concept (2013) first official pictures

What happens when BMW and legendary Italian coachbuilder Pininfarina get together? The BMW Grand Lusso Concept. These teaser images show the handsome two-door coupe (complete with provocative V12 badging) that would give BMW something to take on the Bentley Continental GT and forthcoming Mercedes S-class Coupe. What could be better than German quality and Italian design flair?

De Tomaso bites the dust – again

De Tomaso has filed for bankruptcy again after failing to complete any of the deals Gian Mario Rossignolo had claimed would save the brand. De Tomaso has never had a an easy time of things despite building a few cars – well, the De Tomaso Pantera, at least – which had real appeal. After its last bankruptcy, former Fiat executive Gian Mario Rossignolo rode in as a white knight to put De Tomaso back on top – or so we thought.

Detroit will be back, Schwarzenegger tells SAE conference

Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. "Yes, they're wiped out.