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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.

BMW discussing supercar collaboration with McLaren

BMW is reportedly considering a new halo supercar. But rather than go it alone, word has it that the Bavarian automaker is discussing a potential partnership with McLaren to make the idea a reality. This according to Britain's Car magazine, which suggests that negotiations are well underway. The proposal would see the BMW supercar based on the same architecture that will to underpin Woking's P16 project that's set to replace current 650S. Rather than use the 3.8-liter twin-turbo V8 that McLaren developed together with Ricardo, the Bimmer version would use Munich's own engine: a 4.0-liter V8 with quad turbochargers – two conventional spools and two more electrically driven chargers. Their combined effect would net an expected 750 horsepower. Further differentiations on McLaren's carbon monocoque architecture for use in the BMW would include custom bodywork, aerodynamics, and interior fitments to include a unique instrument panel. Production, however, would be handled at the McLaren Production Centre in Woking, to the tune of several hundred units per year. The project would take the place of several aborted programs undertaken internally at BMW. One called for an entirely unique supercar developed in-house, referred to internally as the M100. When that project was aborted so that BMW could concentrate on the i sub-brand, BMW's own skunkworks shifted its focus to developing a more performance-focused version of the i8, known by some as the i8 CSi. When that project was canned as well, discussions with McLaren commenced. It wouldn't be the first time BMW would outsource development of its own supercar, or even the first time BMW would collaborate with McLaren on such a project. Initial development work on the original M1 in the 1970s was undertaken by Lamborghini before being taken in-house. And, of course, BMW provided the engine for the legendary McLaren F1. Meanwhile McLaren performed a similar function for Mercedes-Benz with the SLR, demonstrating Woking's experience in building flagship supercars for German automakers. This latest project could suffer the same fate as the M100 and i8 CSi programs. But if it is approved, it could yield both coupe and convertible versions, with the first slated to surface at the Frankfurt Motor Show in 2017 and reach dealerships in 2019.

Upgraded BMW 230i and M240i get more power, new badges

A few months ago, we got our hands on a report that claimed that BMW would ditch the 28i and 35i monikers for both the 2 and 3 Series. BMW already dropped the 335i designation in favor of the 340i badge, but the 328i is still hanging around. In the 2017 2 Series, the old badges are out. Meet the new 2017 230i and M240i, in both coupe and convertible flavors. If you're already confused about all the badge changes, here's the important part: the 2.0-liter inline-four and the 3.0-liter inline-six, both turbocharged, get more power than the engines in their 2016 counterparts. The 230i will get 248 horsepower and 258 lb-ft of torque, and be smoother than before. Those are increases of eight hp and three lb-ft of torque over the 2016 model. The M240i replaces the M235i. There's more power here, too: 335 hp and 369 lb-ft of torque, available from 1,520 rpm to 4,500 rpm. Those are increases of 15 hp and 39 lb-ft of torque, by the way. All-wheel-drive models are eight-speed automatic-only; a six-speed manual is a no-cost option on the 230i, and available on the M240i. These models will launch later this summer, and pricing will be available closer to that time. We reached out to a BMW spokesperson for a better understanding of what hardware and software changes are responsible for the increased output, but this information isn't yet available. Related Video: BMW Convertible Coupe Luxury Performance 2 series bmw m240i bmw 230i