This is officially the release of the 5-Series Touring (see our previous post here) and the car's exactly what you think it is in every way: a station wagon version of BMW's 5-Series, and a damn sight prettier than the postmodern 5GT.
That means that just about anything available on the 2011 5-Series saloon (Variable Damper Control, 8-Speed Sport automatic gearbox, EfficientDynaics technology) will also be offered on the wagon.
The four engines at launch will be the 520d (184HP 2.0L diesel), 530d (245HP 3.0L diesel), 523i (204HP 3.0L petrol), and 535i (306HP 3.0L turbo petrol). Being a touring model, it's obviously meant to be a more utilitarian take on the 5-Series.