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First look at the redesigned BMW 3-series wagon

BMW has revealed the wagon version of the fifth-generation 3-series. The company says that the new 3-series Sports Wagon, known as the 3-series Touring in Europe, will reach U.S. showrooms about a year from now.

BMW's N20 engine--four cylinders, more power

More power, greater torque, reduced fuel consumption, lower tailpipe emissions and less weight--but better? Before driving the BMW X1 xDrive28i, the first model to feature the German carmaker's new turbocharged 2.0-liter four-cylinder gasoline engine, we weren't so sure. The new engine, known as the N20 and set to lead a return of four-cylinder BMW models to North America for the first time since 1998, has been conceived to (indirectly) replace the company's long-running naturally aspirated 3.0-liter inline six-cylinder.

News watch July 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 31 July 2012•Porsche SE recorded a first half profit of €1.15bn, in comparison with €149m for the same period in 2011. The enormous jump has come not from directly selling cars, but from the group's investments in Porsche Zwischenholding GmbH and Volkswagen AG (Porsche SE)•Reuters suggests Germany's car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.