Following the recent unveiling of the facelifted 5 Series sedan, BMW’s M5 and M5 Competition high-performance versions have also received a midlife update.

While power stays the same in Bavaria’s business athlete, there are a number of cosmetic and technology changes as well as a retuned chassis. The car has been updated to blend a business sedan’s everyday usability with high-performance sports car dynamics more effectively than ever, says BMW...

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