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BMW, Daimler experiment with upscale rent-by-the-ride

Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.

Hyundai moving beyond 'value' brand reputation

Hyundai's U.S. boss says the brand is changing from a "value" brand into a "valuable" brand. John Krafcik, CEO of Hyundai Motor America, said the brand is quickly shedding its roots as a purveyor of new cars for used-car prices and becoming a major player in the global industry.

Government to make UK hub for driverless cars

The government has today announced plans to make the UK a world centre for the development of driverless cars – with a £10 million cash incentive to any town or city that builds a test site for autonomous vehicles. The news comes as part of chancellor George Osborne’s 2013 Autumn Statement – alongside plans to scrap the car road tax disc and freeze fuel duty. Tax disc to be scrapped after 93 years On Bing: see pictures of driverless cars Milton Keynes is already experimenting with driverless pods – with plans to introduce a trial in 2015.