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Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

2018 BMW 3 Series spied looking cold as ice

The 3 Series is without question the single most important model line for BMW. So, despite the fact that it was just refreshed for 2016 with updates that sharpened its steering and suspension, you can bet that work is well underway on the next edition. These fresh spy shots show just how far into the development process BMW has gotten as engineers test the model in the harsh conditions of the arctic. Camouflage hides on lot on this 3 Series, but we can still see that the nose appears to take cues from the latest 7 Series. Even through the swirling wrap, you can spot shapely headlights that flow into the long, narrow kidney grille. In profile, the sedan retains the proportions of the current model, with a longish hood and short rear deck. Around back, big, round taillights protrude outward, but these somewhat garish pieces might be development parts that don't reflect the final design. BMW reportedly uses the codename G20 for the next-gen 3 Series and plans to make the new model wider and with a longer wheelbase to create a larger passenger compartment. Even with the dimension stretch, weight could drop thanks to lighter materials. We expect that BMW will continue to offer a vast range of powertrains, and rumors hint the future M3 might use a plug-in hybrid system to boost power and lower emissions. Expect to see the updated 3 Series debut around 2018, according to our spies. Related Video:

Mini Minor to be co-developed with Toyota

It was back in 2011 when Mini first showcased the prospect of an even smaller hatchback with the Rocketman concept at the Geneva Motor Show. In the nearly four years since, parent company BMW has hemmed and hawed on the possibility of putting it into production, but the latest word from Europe has it that the project is a go. According to Automobile magazine, Mini is realigning its product portfolio into five pillars: the essential hardtop we've already seen (available in two/three- and four/five-doors), the convertible, the upcoming new Clubman wagon (coming this summer with full-size auxiliary suicide doors on both sides), the next-gen Countryman crossover in 2016 and two new model lines. One will be the production version of the Superleggera roadster concept, earmarked for 2018. The other will be the Minor, a smaller city car reviving a long-gone model name and presaged by the aforementioned Rocketman concept. But for that last one, Mini won't go it alone. To develop the mini Mini, BMW will reportedly turn to its partnership with Toyota. The relationship is already set to yield a new Supra and Z4 and share fuel cell and other technologies. But this would broaden the partnership to include a small hatchback. However rather than use the existing (or next-gen) Aygo, which is already built under joint venture with PSA Peugeot Citroen (with which BMW previously had a joint engine venture), word has it that the BMW and Toyota will develop a new platform for the project – one that will be used by both partners. The new product plan doesn't leave much room for the Mini Coupe and Roadster (which have already been discontinued), for the Paceman three-door crossover (which will suffer the same fate) or for the projected seven-seater minivan. But the addition of the new Superleggera roadster and super-mini Mini aren't likely to leave us wanting for either. Related Video: