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BMW M550d, X5 M50d & X6 M50d Official

BMW M550d - it's official As expected, the BMW M550d, BMW X5 M50d and BMW X6 M50d have been revealed as the first models in the new BMW M Division range. After speculation going back a couple of years, BMW has finally revealed a triumvirate of mighty diesel-powered M Division cars, with the unveiling of the M550d, X5 M50d and X6 M50d, all of which will debut officially at Geneva 2012 before going on sale later this year. First to arrive will be the X5 M50d and X6 M50d in the summer, with the M550d Saloon and M550d Estate probably not hitting the UK until close to the end of the year, but the UK won’t be getting the M550d xDrive – our cars will be RWD.

Tesla Model S outsells luxury competition

As if Tesla needed any more good news this month, first-quarter sales are in and the electric Model S outsold the Mercedes S-class, Audi A8 and BMW 7-series, according to “CNN Money.” In the first three months of 2013, Tesla sold 4,750 sedans while Mercedes sold 3,077 of the S-class, BMW sold 2,338 of the 7-series and Audi sent 1,462 A8s out of the dealership. The Model S does have its sticker price going for it. The base model can be had for $69,900 -- possibly less with tax incentives -- while the cheapest S-class goes for $93,255, the 7-series for $74,525 and the A8 for $73,095.

Nissan is latest carmaker to salute U.S. military members with special discounts

Nissan is now among automakers offering discount pricing for U.S. military members, the company confirmed last week. The Nissan Vehicle Purchase Program extends to all active and reserve members of the U.S.