Recent reports suggest that BMW is gearing up to send the V10 engine featured in their current generation M5 to the great beyond and instead replace it with a turbocharged V8.

Sure, the V10 is fast, that’s not secret, but the fact that it’s just about everything besides environmentally friendly has left BMW with no choice but to turn towards greener alternatives such as the above mentioned turbocharged V8.

If these reports are true, we should be seeing the a turbocharged V8 engine appear in the next generation M5 with right around 555 HP and 500 lb-per-feet of torque.

via autoblog

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Opinions regarding the looks of the 5 Series Grand Turismo are usually pretty clean cut in the sense that you either love it or hate it. Well, if you are one who loves the design but don’t want to make the 5 Series jump you are in luck as recent reports suggest that BMW is also working on a 3 Series hatchback.

There aren’t many details regarding this 3 Series hatchback other than that it is expected to launch sometime before 2011 and the assumption that it will feature diesel and gasoline trims.

However, like always, we’ll keep you posted.

via autoblog

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It’s no secret that GM was hit extremely hard by the economy, so hard in fact that they had to put a halt on all of their leases.

That halt may soon be over as the Wall Street Journal reports that GM is gearing up to begin leasing cars again as early as next month. This would probably be a smart business decision for GM considering the economy is finally starting to stabalize (knock on wood) and the fact that leases made up 20% of GM’s revenue last year.

Further reports suggest thatGM will be looking for other financial institues to help with leasing rather than GMAC.

Read (WSJ)

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