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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 looking to save billions with cost cuts

BMW is planning a fairly extensive overhaul in a bid to recoup some its annual costs, with CEO Norbert Reithofer (pictured above) aiming to save three to four billion euro ($4 to $5.4 billion) per year to help keep the company's profit margins between eight and 10 percent, while also maintaining investments in production expansion and new tech. BMW's profit margins sat at 9.4 percent in 2013.
According to Automotive News Europe, Reithofer is none too pleased about costs at Mini and on the 1 Series, although neither AN nor its source story, from Germany's Manager Magazin, elaborate on what steps could be taken to improve losses on either project. That makes it hard to figure out just where the fat will be trimmed from.
What may happen, though, is that BMW attempts to trim 100 million euros ($135 million) from its German labor costs each year; a solution hinted at a few weeks ago by Germany newspaper Muenchner Merkur. While a dramatic cost reduction, 100 million euros still doesn't begin to even approach the savings envisioned by Reithofer.

BMW M4 Concept leaked ahead of Monterey debut

Last month, we heard that BMW might be bringing a concept previewing its next M4 sports coupe to this year's Monterey festivities. Well, thanks to the folks at USA Today, we have absolute confirmation of this by way of some leaked images. And goodness, she's certainly a looker.
While a few of us still find some of the 4 Series' design to be a bit awkward, it's hard to not immediately warm up to the aggressive bits of this hotter M4 concept. It certainly looks the business of a proper sports car, and a worthy successor to the M3 coupe. Of course, a lot of this will likely be toned down for the production version, which we'll likely be seeing at the 2014 Detroit Auto Show in January, along with its four-door M3 kin.
The official M4 Concept details will be revealed later tonight, but for now, have a look at a few shots of the golden show car in our gallery of leaked shots, above.