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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.

Jaguar adds AWD, new four- and six-cylinder engines to 2013 lineup

Jaguar is offering the option of all-wheel drive on the XF and XJ sedans for 2013 models, and adds supercharged four- and six-cylinder engines to the XF. Also, all automatic XF and XJ sedans will use a new eight-speed transmission from German supplier ZF, as Jaguar looks to boost the fuel economy of its vehicles. Powertrains get the most significant changes for Jaguar in the 2013 model year.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).