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BMW will build electric cars in Leipzig

BMW AG will produce its electric-car range at its plant in Leipzig, Germany, the automaker said on Monday. In addition, BMW factories in Wackersdorf and Landshut, Germany, will produce parts for the so-called Megacity Vehicle. “The BMW Group will build the car of the future in Leipzig with high-tech innovations from Bavaria,” BMW CEO Norbert Reithofer said in a statement.

Porsche Macan makes UK debut in Harrods

The Porsche Macan has made its London and UK debut – in the window display of the world-famous Harrods department store. The new compact SUV will be on display in Harrods’ window until 5 February 2014, before formally arriving in UK Porsche dealerships two months later. On Bing: see pictures of the Porsche MacanPorsche Macan: 21 things we’ve learned Porsche says it chose Harrods not just because of the "cosmopolitan clientele" that frequent the Knightsbridge store, but also because the area is well known among enthusiasts hoping to spot some tasty supercars.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.