BMW`s ALL ELECTRIC MEGACITY BY 2013

Not much people know about Munich`s best kept secrets BMW`s “Project-i”, Well I know a little bit of it and want to share with you. In 2008 a new research division was announced by BMW whose task was to design numerous solution to urban congested mobility. Though objective of project-i was never limited or exclusive, but they wanted to develop new range of technologies that the company could introduce across its fleet or even under rumored new fourth  sub-brand.

And here we are after two years of research and development, BMW announces the first production Project i car will be the much-hyped Megacity Vehicle, which will go on sale in 2013 and will be the first model under a new BMW sub-brand.The announcement was made by BMW CEO Norbert Reithofer at a press event on Thursday at the 2010 Beijing Auto Show.

THE BIG JUST GOT BIGGER : 2011 AUDI A8 REVEALED

German Auto major revealed the official pics and specs of 2011 Audi A8 on Friday, ahead of its official debut at Beijing Auto Show this year. The Big A8 is now even more bigger, more powerful, efficient and luxurious, well lets hope it helps in outselling other brands next year.

The new A8 known as A8 L W12 is now 130 mm longer and 2 mm higher than the present version which gives a lot of leg space and cabin space in rear. Comes with longer rear doors, there are not less than 25 motors powering the new four zone air conditioning. Luxury and comfort always comes first!!

GM REPAYS THE $ 8.1 BN LOAN TO US AND CANADA

Surprised!! even I am!! General motors has paid out the bailout package of  $8.1 bn  to US and Candian Governments showing the signs of strong recovery from recession last year. Since the recession, it was speculated that it would atleast take 5-7 years for global automotive industry to recover from this depression but GM has surprised us all repaying this loan 5 years ahead of schedule.

GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year.