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Lotus CEO Mike Kimberley to step down on Friday, citing health issues

Lotus CEO Mike Kimberley is stepping down on Friday, as back problems are forcing him to prematurely call it a career. Kimberley will turn 71 in August. He's in his second stint at Lotus and has been CEO since 2006.

BMW M4 Convertible revealed. Price from £60,730

The BMW M4 Convertible (pictured) revealed We reported last month that the new BMW M4 Convertible would debut at this year’s New York Auto Show, and here it is ahead of that debut complete with trick folding metal roof, 425bhp and a price tag that just nicks over the £60k line. A direct replacement for the old M3 Convertible, the M4 Convertible will cost you just over £4k more than the M4 Coupe, but for the extra money you get the same car but with infinite headroom – and a big weight penalty. The new 3-piece metal folding roof can be tucked away in a mere 20 seconds at the flick of a switch, with better noise insulation than the M3 Convertible had and more room in the boot when the roof is down too.

BMW Concept X4 (2013) first pictures of baby X6 coupe-SUV

This is the BMW Concept X4, which borrows the idea of an SUV with coupe proportions from its X6 brother, and shrinks the template down to the size of an X3. But don't be fooled by the 'Concept' tag of this car – like the Concept 4-series coupe we saw in 2012, the X4 is very much confirmed for production, and will receive only detail styling tweaks before it goes on sale in mid-2014. It'll be built alongside the X3, X5 and X6 models at BMW's Spartanburg factory in the USA from early 2014.