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2014 BMW M5 facelift leaked – by BMW’s own website

Fortunately, the BMW news specialists at BimmerPost were on the ball and managed to get some screen-grab photos of the new M5 before BMW realised their mistake, so we get to see what BMW has planned for the M5, and probably a guide to what the facelift for the rest of the 5-Series range will offer. The changes aren’t huge, and as far as we can see all that’s going on is a bit of influence from the M6 and 6-Series in general, with a new kidney grill that looks like the 6 Series, and a steering wheel looks like that on the new M6 too, together with the latest iDrive controller. The leaked images don’t tell us what BMW are planning under the bonnet of the facelifted M5, but it’s not too much of a stretch to expect a Competition Package for the M5 to give it similar clout to the new Mercedes E63 AMG S.

Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.

IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.