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Frank Sinatra's Cadillac, Steve McQueen's Chevy truck to cross the block at ‘Classic California' auction

Bonhams & Butterfields is having a star-studded auction this Saturday at the Petersen Automotive Museum in Los Angeles. Lots of celebrity rides will cross the block at the event, which is being billed as a “Classic California” collection of cars, motorcycles and memorabilia. Here are some of the highlights: -- Actor/racer Steve McQueen's 1949 Chevrolet pickup will be offered for sale for the first time by his widow, Barbara Minty McQueen.

Fifth-generation BMW M5 teased in new video

BMW is preparing a fifth generation of the high-performance M5 sedan. We expect to get a turbocharged V8 making about 550 hp and a seven-speed dual-clutch transmission. BMW plans to roll out the new M5 at the Frankfurt motor show in September.

BMW set to debut diesel 7-series in the US

While Mercedes-Benz has let us Americans buy diesel versions of its flagship sedan from time to time, BMW has kept a number of versions of the 7-series from our shores, among which are 7-series sedans with diesel engines. Well, it looks like we'll finally be getting a diesel 7-series after all, with the arrival of the 740Ld later this spring. The 740Ld will be powered by a 3.0-liter inline-six diesel engine with a single turbocharger with variable vane turbine technology, making 255-hp and 413 lb-ft of torque, and will be coupled exclusively with BMW's xDrive all-wheel drive system.