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2012 BMW M5 revealed in production trim

The wraps have been torn off the fire-breathing 2012 BMW M5. And, as expected, the Bavarian luxury maker is going in a different direction under the hood. BMW is eschewing a naturally aspirated powerplant in the new M5, whose high-revving roots date to the 1980s, in favor of a 4.4-liter twin-turbo V8 pushing out about 552 hp.

VW Up Taxi Concept (2010): first official pictures

Volkswagen has shown off its Up Taxi Concept at a special unveiling in London today. The Up Taxi is VW's vision of a quirky and environmental rival to the classic London black cab, the Hackney carriage, and offers a very good idea of what the Up will eventually look like. The concept has luxurious leather seats and big touchscreens in the front and rear.

Mercedes-Benz prepares CLC Shooting Brake

Mercedes-Benz boss Dieter Zetsche has given approval for a second Shooting Brake model to accompany the brand's eagerly awaited CLS Shooting Brake due out in 2012, according to German media reports. The new model is expected to go on sale in North America in 2014. It's based on the German carmaker's upcoming CLC--a four-door coupe that uses a new platform that will offer buyers a stylish but practical rival to the likes of the Audi A5 Sportback and the upcoming BMW 3-series GT.