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Toyota Fun-Vii concept

Billed as the automotive equivalent of the smartphone, the Toyota Fun-Vii concept is part of the ‘Fun to Drive, Again' section of Toyota's concept car onslaught at the 2011 Tokyo motor show. The Fun-Vii is a socially-integrated vehicle that can change its appearance as quickly as the owner can download an app. The surfacing of the concept can be used as a display surface for business, with the body color and display content changeable at will.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.

BMW 5-Series GT introduces liftback model

BMW will bring the elevated seating and packaging of an SUV to its 5-series line with the addition of a liftback model called the Grand Turismo or, simply, GT. The automaker is now revealing the production look for the vehicle, which will debut at this fall's Frankfurt motor show after having been previewed as a concept car at the Geneva show in March. It will go on sale in the United States in December, priced in the low-$70,000s range.