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BMW i3 EV: More than 8,000 ordered already

The BMW i3 EV already has 8k orders BMW has invested heavily in their new ‘i’ range of electric cars – as much as £2 billion it’s estimated – with the ‘i’ cars being developed from scratch rather than based on an existing BMW model. The first BMW i to be launched is the compact city car BMW i3, revealed in production form in July, which costs from around £30k for the regular EV and an extra 10 per cent for the i3 with a range extender engine. Despite being revealed in July BMW has not yet officially put the i3 on sale, but that hasn’t stopped potential buyers lining up to palce a reservation, with more than 8,000 already signed-up for an i3.

1965 Shelby Daytona Cobra sells for $7.25 million at Monterey auction

The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 sold for a record $7.25 million on Saturday at an auction in Monterey. The sale is believed to be a record for an American car at auction. Bob Bondurant drove it to victory in the 12 Heures du Reims--fittingly on the Fourth of July in 1965 to secure the FIA title.

Moody's boosts Ford's credit rating

Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.