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New (2014) BMW M3 and M4: OFFICIAL

The new BMW M3 (pictured) debuts along with its coupe sibling, the BMW M4 (below) We’ve had teases from BMW for the new M3 and M4 but now, ahead of a public debut at the Detroit Auto Show next month, we get the official details. Key to the four-door M3 and 2-door M4 is the new 3.0 litre engine, a new turbo, direct injection in-line six petrol which produces 425bhp and a very healthy 405lb/ft of torque from just 1850 rpm. That sort of grunt is enough to get the M3 and M4 to 62mph in 4.3 seconds with the standard six-speed manual, but opt for the seven-speed DCT ‘box and it’s even quicker – just 4.1 seconds.

Mercedes-Benz Launches 'Style' Division

Mercedes-Benz has launched Style, the Stuttgart-based automaker's answer to BMW's DesignworksUSA design consultancy. Mercedes-Benz's Style sub-brand will be charged with designing bespoke luxury goods from aircrafts, to yachts, furniture and more. Its aim is to place the company in the avant-garde of the luxury market.

Porsche CEO likely to bow to pressure to leave, report says

Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.