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BMW to build Gran Coupe to challenge Mercedes-Benz, Porsche

BMW will build its Gran Coupe concept car, the company's development chief Klaus Draeger said. The production Gran Coupe will rival luxury coupe-styled four-door cars such as the Mercedes CLS, Audi's upcoming A7 and the Porsche Panamera. The concept was unveiled at the Beijing auto show in April.

Video: BMW 7 Series

BMW has released new images and a lengthy press release detailing the design process for the new 7 Series sedan, set to be unveiled at the Paris Motor Show in October. We'll spare you the hyperbole here, but stay tuned for a Design Review of the Munich-based automaker's new range topping vehicle once we've seen the car in the metal in Paris. In the meantime, check out these videos of the new 7 Series in action and hear what BMW Cars Director of Design, Adrian van Hooydonk, has to say about the design of the new flagship.

Magazine names Ford's Alan Mulally top CEO

Ford Motor Co. CEO Alan Mulally has been named CEO of the Year by Chief Executive magazine. What set Mulally apart, according to the selection committee, was not only leading the turnaround of an American icon without the government bailout funds given to its competitors, but also a mix of other behaviors and accomplishments.