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BMW 3 Series GT revealed

The BMW 3 Series Grand Turismo – the third model in the BMW 3 Series range – has been revealed ahead of a public debut at the Chicago and Geneva Motor Shows. Now, BMW has revealed a little brother for the not exactly super successful 5 Series Grand Turismo, in the guise of the new BMW 3 Series GT, a slightly ungainly looking 3 Series that’s almost as big as a 5 Series and will cost around £3,000 more than the 3 Series saloon. Stretched by 110mm in the wheelbase from the 3 Series Touring – and a full 200mm longer – the 3 Series GT will, say BMW, offer the dynamics of the saloon with the practicality of the Touring.

Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

Daimler plans to offer a pilot Smart car rental program in Texas

With Smart's U.S. sales continuing to drop dramatically, Daimler AG is launching a pilot program in Austin, Texas, for short-term rental of the micro car. The program, called car2go, would allow registered users to pick up an available Smart, use it for as long as needed, and return it to designated locations in the city.