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New BMW X5 meets its E53 & E70 X5 ancestors (video)

The three generations of the BMW X5 meet The new BMW X5 has just been revealed, and it follows the formula of its predecessors to deliver a new X5 that has more of everything previous X5s offered – performance, economy, space, practicality and luxury. BMW like to call the X5 an ‘SAV’ (Sports Activity vehicle) to differentiate it from real SUVs; although the X5 has four-wheel drive it’s not really a mud-plugger like a Land Rover, but more a 5-Series on stilts. But it’s a successful formula that started with the first generation X5 (E53) in 1999.

Ferrari sets personal best in China

It was a solid year for Ferrari in the burgeoning Chinese car market in 2010, as the Italian dream maker racked up its most impressive sales in that country with a tally of 300 cars. Sales were up almost 50 percent compared with 2009 results. With 10 current dealerships and the addition of some new business partners, Ferrari expects the added sales for Hong Kong and Taiwan will elevate the region to one of the company's top five international markets.

Toyota to spend $1.1 billion on unintended acceleration claims

Toyota Motor Corp. is setting aside $1.1 billion to settle various U.S. lawsuits and other claims stemming from reports of unintended acceleration that plagued the automaker in 2009-2010.