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BMW Gran Lusso (2013) the Pininfarina coupe revealed

BMW’s team-up with Italian styling house Pininfarina, the Gran Lusso coupe has been revealed in full at the 2013 Villa d’Este Concorso d’Eleganza in Italy. The imposing V12-powered coupe is a one-off styling concept for now, but shows the direction BMW could take for a new 8-series coupe, designed to battle the new Mercedes S-class coupe and Bentley Continental GT. BMW Gran Lusso: the details Riding on 21in alloys, the 7-series-sized Gran Lusso has all the trademark BMW styling boxes ticked: forward-raked ‘sharknose’ grille, the rear pillar's ‘Hofmeister kink’ in the windowline, and a cab-back stance accentuating that long bonnet.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.

Mitsubishi to make Outlander Sport at Illinois plant

Mitsubishi Motors Corp. said Friday it will invest $100 million to build the Outlander Sport crossover at its Normal, Ill., plant starting in summer 2012. Mitsubishi expects annual output of 50,000 units, with half dedicated to North America and the rest for export to Russia, Latin America and the Middle East.