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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.

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.

Michelin Challenge Design 2012 'City 2046: Art, Life and Ingenuity' – The Finalists

The jury of the 2012 Michelin Challenge Design has selected and released images of its 27 finalists, chosen from a huge number of designs submitted by aspiring automotive designers. The competition's theme, ‘City 2046: Art, Life and Ingenuity', saw more than 1,700 registrants representing 88 countries which left the jury reviewing over 200 projects. Michelin set all participants a challenging brief, calling for designs for a "desirable, safe and sustainable personal vehicle" specifically for Los Angeles, Mumbai, Paris, Rio de Janeiro or Shanghai.