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BMW 3-series (2012): first official pictures of the new F30

BMW today slid the covers off the new 3-series. Dubbed F30 in BMWspeak, this is an important car for Munich, selling in six-figure numbers across the world. One in five BMWs sold globally is a 3-series.

Renault previews new electric vehicle concept

Renault will unveil its latest concept car tomorrow at its plant in Valladolid, Spain. The carmaker says the concept, previewed in one image, will "provide a bridge between the world of Formula 1 and that of electric vehicles". Very few details are available, but look out for further news as the concept is revealed.

Ownership costs of traditional versus alternative fuel vehicles

As gas prices remain high, and an increasing number of automakers roll out plug-in hybrid cars and full-electric vehicles, it's becoming easier to be tantalized with the idea of driving right past the gas station and simply "plugging in." The debate ensues when it comes to cost: These alternative fuel vehicles mean a larger outlay of cash at the onset, but the long-term fuel savings could make the purchase worthwhile. To help straighten out this numbers game, we use the Department of Energy's Vehicle Cost Calculator to compare alternative fuel vehicles with their gasoline-only counterparts. For each scenario, we assumed that our hypothetical owner was able to get the full $7,500 federal tax credit and a $2,500 state tax credit, such as is available in California.