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Nissan wins bid to create taxi for New York

Fighting off stiff competition from Ford and Karsan, Nissan's NV200 minibus has been crowned the 'Taxi of Tomorrow' for New York City. The contest aimed to build on the city's century-long taxi heritage and find a purpose-built vehicle that could answer the needs of busy commuters. Back in 2007, New York City officials created a set of goals for the next generation taxi cab as part of a project called the 'Taxi of Tomorrow'.

The 2015 Porsche 911 Targa will debut Monday

Porsche's bringing the 997-generation 911 Targa to the Detroit auto show and you can watch it debut live at 11:45 AM EST on Monday, January 13. We've been told to expect a "retro" look, "Echoing the design of the original 911 Targa of 1965..." though we're not expecting to see a soft rear window. To watch the debut on Monday, click here.

The BMW M5 is back!

BMW's M division has gone back to the drawing board with the M5, giving the fifth generation of the iconic four-door a twin-turbocharged 4.4-liter V8 engine—the first time Munich's class-defining performance sedan has gone without a naturally aspirated powerplant since its introduction in 1984. Further changes see it adopt a dual-clutch gearbox as part of a complete driveline rethink that resigns the old model's sequential manual transmission to the history books. Revealed here officially for the first time, the new M5 is planned to make its world debut in concept-car guise at the Shanghai motor show later this month.