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BMW tuner Manhart creates 743-hp M6 Coupe

There are BMW M6 drivers out there for whom the stock output of 560-hp and 500 lb-ft of torque just aren't enough. At least that's what German tuner Manhart is betting on in unveiling their MH6 700 version of the M6 hardtop. Manhart has been tuning BMWs and only BMWs for 20 years, and they've worked on everything from the E30 3-series to the latest offerings from the Bavarian automaker.

GM closes UK Advanced Design Studio

CDN has learnt that General Motors is closing its UK Advanced Design Studio as part of its ongoing restructuring program. Clay Dean, GM's executive director of advanced global design and Cadillac's brand director, arrived at the studio on 4 August to announce the closure to staff. The UK studio, which opened in 1999, was predominantly involved in the creation of Cadillac concept cars and was originally planned to be a short-term confidential operation as the smallest of GM's design studios.

Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.