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BMW M3 CRT (2011) first official pictures

This is the BMW M3 CRT. It's a lightweight special edition, mating track-spec technology from the M3 GTS with the M3 saloon body. The M3 CRT was unveiled at a BMW M function prior to the 2011 Nurburgring 24hr race this weekend.

Hungarian Grand Prix (2012) RESULT

With a dominant Lewis Hamilton on pole and Button just behind in his McLaren, will the 2012 Hungarian Grand Prix see McLaren dominate? There’s no question, certainly on the evidence of free practice and qualifying at the Hungaroring for the 2012 Hungarian Grand Prix, that McLaren has found the speed it’s lost recently. Hamilton was streets ahead of the rest and Button close behind as McLaren showed they probably have the fastest car on the grid this weekend.

Volkswagen hits back, weighs making a bid for Porsche

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.