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BMW & Toyota agree joint development of new sports car

BMW and Toyota have signed a binding agreement to co-develop a new sports car and continue with co-developed and shared technology. The way forward for car makers seems to be either to be as big as possible for the benefits of economy of scale, or to work together on joint products to cut development costs. Which is why BMW and Toyota are getting cosy.

EV maker Coda trims staff

Not much more could go wrong for electric-car maker Coda, which has struggled to sell its four-door EV in the United States since officially launching it here in March. But Web reports, first seen at www.plugincars.com, say the company laid off 50 employees, or 15 percent of its workforce, last week, mostly in the sales and marketing departments. Efforts by Autoweek to contact Coda have not been successful.

Porsche Cayman and Boxster GTS on the way

Porsche Cayman GTS and Boxster GTS variants are expected to be unveiled at the 2014 Beijing Motor Show this year, before the upgraded versions of the German firm’s two-seater coupe and convertible models go on sale in April. According to reports, development work on both cars is now almost complete, with both vehicles gaining a power increase and revised styling over existing Cayman and Boxster models (pictured). On Bing: see pictures of the Porsche Boxster GTSFind out how much a used Boxster costs on Auto Trader Porsche has used the ‘GTS’ tag before, for versions of its existing cars that provide a more focused driver experience and greater emphasis on involvement and handling, and which retain normally aspirated engines.