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BMW to invest £500 million in UK MINI production

David Cameron welcomes BMW's £500 million investment in the UK What’s going on? Two days on the trot we get good news about the UK economy. Yesterday we reported that Nissan are to invest £192 million to design and build the next generation Qashqai in the UK, and today comes confirmation from BMW that they will be spending £500 million over the next three years in the UK as they gear up for the next generation MINI.

Ford puts Volvo up for sale

Having spent most of the last twenty years carefully building up a portfolio of Prestige European car makers, including Jaguar, Land Rover, Aston Martin and Volvo, the last of these, Volvo, has now been put up for sale by Ford. This hardly comes as a surprise when you see the precarious state of Ford. It’s busy going cap-in-hand to the US government looking for a bail out, and selling off Volvo could add several hundred million pounds to its decimated balance sheet.

Porsche Boxster Electric get four wheel-drive or rear wheel-drive

The Electric Porsche Boxster at Michelin Challenge Bibendum We ran a story about the Electric Porsche Boxster back in February, but there really wasn’t a whole heap of information to impart. But now, after Porsche showcased the electric Boxster at Michelin Challenge Bibendum in Berlin, there is a little more flesh to put on the bones of that story. We’d assumed – because there was no reason to assume otherwise – that the three Electric Boxsters Porsche has running around would be all rear wheel-drive, just like the ICE Boxster.