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BMW 5 Series GT (w/ Video)

BMW officially took the wraps off the production version 5 Series Gran Turismo today. The new model, previewed in concept form at the Geneva motor show in March, is set to bridge the gap between the automaker's X5 SUV and the 5 Series Touring wagon. As we expected, BMW has remained true to form: the 5 Series GT is identical to the design of its concept precursor, including a lower body section and taillamps that call to mind the latest BMW 7 Series, a front end reminiscent of the CS concept, and an upper cabin design familiar to anyone who's seen an X6.  The interior has seen the most change, if only in color and trim.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Ford to upgrade, extend warranty on MyFord touchscreen system

Ford Motor Co. will upgrade and extend the warranty by two years on its MyFord Touch system following a series of consumer complaints and poor reviews of the automaker's touchscreen entertainment and navigation system. Ford has improved the voice recognition capability and navigation in what it calls "version 3.5" of the software, Mark Fields, Ford's head of the Americas, said on Wednesday.