Fiat Chrysler has made a “transformative” merger proposal to Renault, the Italian-American carmaker said, in a deal that would create a new third-ranked global manufacturer.

The retirement of Daimler Ceo Dieter Zetsche inspired BMW to produce a funny video.

Formula 1 legend Niki Lauda is dead. As the family announced in an email Tuesday night, the 70-year-old threefold Formula 1 World Champion and flight entrepreneur died on Monday.

BMW will not become sponsor of German soccer club Bayern München, the FAZ reports.