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Next BMW 7-series previewed in Vision Future Luxury concept

BMW has previewed key exterior styling elements, contemporary interior design touches, lightweight carbon fiber construction and innovative lighting systems to be incorporated on next year's sixth-generation 7-series with the unveiling of an arresting new concept car that goes under the name Vision Future Luxury. Revealed at the Beijing auto show, the big new sedan is described as a showcase for future BMW models. But while initial speculation suggested the Vision Future Luxury pointed at a possible 9-series flagship model to be installed at the top of the German car maker's lineup, BMW officials have confirmed the new concept was created more specifically as a pointer to the next 7-series, which is planned to head into North American showrooms late next year.

Ford posts rare increase as industry gains from clunkers

Ford Motor Co. posted its first U.S. sales increase in 19 months in July and most rivals pared their declines as the federal cash-for-clunkers incentive helped lift industry demand to its highest rate this year.

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.