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BMW M3 coupe stripped down to go club racing

BMW's M division is back in the business of building specialty street-legal race cars with a new lightweight version of the M3 called the GTS. The lightweight coupe, set to go on sale in early 2010 at a yet-undisclosed price, was conceived as a limited-edition model primarily for club-based racing in much the same way that Porsche builds the 911 GT3 Clubsport. But in a clear effort to link its track-based activities with the production-car side of its business, BMW's M division is offering the new car with a homologation package that will allow customers to register the M3 GTS for street use.

General Motors fires back at Volkswagen

General Motors issued a terse response this week to published comments by Volkswagen CEO Martin Winterkorn, who suggested to the German press that Opel could be sold to a Chinese competitor. Detroit-based GM called Winterkorn's comments “regrettable” and accused him of “fanning speculation.” Opel was nearly sold to Magna and Russian investors in the wake of GM's 2009 bankruptcy. But then-CEO Ed Whitacre and the corporate board reversed that decision, igniting controversy from German political and labor leaders who have long chafed under American oversight.

Carroll Shelby tribute draws 1,200 people

At approximately 6:55 p.m. Pacific Standard Time on Wednesday, May 30, around the world, the engines of several thousand Shelby Mustangs, Cobras, GT40s and even a few Series 1s cranked to life and roared their terrible roars in tribute to their fallen maker, Carroll Shelby. “I've got friends in South Africa who are firing theirs up right now,” said a Shelby Mustang owner, standing amidst a sea of the barking beasts parked on the roof of the Petersen Automotive Museum in Los Angeles.