Racing Power Company R6323 Polished Aluminum Optima Ball Milled Battery Tray on 2040-parts.com

BMX X1 invades U.S. this fall priced at $31,545

At the New York auto show last month, we learned that the BMW X1 compact SUV would be coming to the United States. Now we know that it will arrive on our shores in fall 2012, with a base price of $31,545 including $895 destination. According to BMW, the X1 has been a tremendous success, with more than 275,000 copies sold worldwide.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.

Audi RS5 Cabriolet: Official

Audi has revealed the new RS5 Cabriolet with a 4.2 litre V8 and 444bhp ahead of a public debut at the Paris Motor Show. Audi has been busy today with its webcams and laptops organising the online reveal of the new RS5 Cabriolet. And here it is.