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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.

Video: Hagerty reviews Friday action at Monterey Peninsula auctions

Hagerty magazine publisher Rob Sass recaps Friday's top Monterey auction results from Russo and Steele, Bonhams, Mecum and RM Auctions with Hagerty Price Guide's Dave Kinney and professional appraiser Donald Osbourne. The Monterey Week is packed with car shows, vintage racing and car auctions. Autoweek will be there providing streaming photo galleries and live coverage of the Pebble Beach Concours d’Elegance, historic racing at Laguna Seca, the Monterey car auctions and much more.

Tata Nano: the CEO’s plans to sell it in Europe

Carl-Peter Forster, CEO of Tata Motors, has told CAR of his hopes for Tata’s expansion in Europe – with plans to launch the Nano here with a diesel and possibly an electric version. You can read the full interview with Forster in the new July 2010 issue of CAR Magazine out this week. Tata is already the world’s fourth largest commercial vehicle producer and it is a strong force in the Indian car market.