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Ford GT40 prototype sold for £4.2 million

One of four original Ford GT40 racer prototypes has sold at auction in the US for a staggering $7 million. That's £4.2 million. The Ford GT40 is famous for several things – being the product of Ford’s frustrated attempt to buy Ferrari, becoming an enormously successful Le Mans winning racing car and standing just 40 inches tall.

GM stops works on electric version of Opel Adam

Work has stopped on a planned electric version of the Opel Adam minicar due to high costs. The project had progressed to the development of a working car using technology from the upcoming Chevrolet Spark EV minicar. "It was a business decision," said Dieter Metz, Opel's chief engineer for the Adam.

BMW X3 gets a turbo four-cylinder

BMW is expanding the use of its N20 turbocharged four-cylinder engine by making it the base powerplant for the 2013 X3 SUV. The X3 xDrive28 will use the twin-scroll turbocharged 2.0-liter engine that produces 240 hp and 260 lb-ft of torque. Twin-scroll turbocharging means that the exhaust stream of cylinders one and four follow a separate path to the turbine wheel from cylinders two and three.