BMW has just release the 2008 versions of their mid-sized 5-series lineup in both sedan and sport wagon body styles. The most noticeable difference is the face-lifted front fascia, remodeled headlights and reconfigured rear lighting. The lower rear fascia has also been reshaped, while the interior has also been updated with new door panels that include armrest mounted window switches and larger storage pockets.
Perhaps the most important changes, given BMW's middle name, lies under the hood. The six cylinder models now wearing 528 and 535 nomenclature carry the same engines as the latest 3-series. The 528 gets the 230 HP 3.0L N52 powerplant, while the 535 is moved by the highly respected twin turbo six putting out 300 HP. A carryover 360 HP 4.8-liter V-8 sits under the hood of the 550i sedan. All models now have a six speed transmission transferring power to the wheels, with the rear wheel drive six cylinder models getting a manual as standard with an automatic optional. The thoroughly unloved SMG gearbox has been retired at least in the US market. The full list of changes is after the jump.
on the photo for a high-res gallery of the face lifted 2008 BMW 5-series
2008 BMW 5 SERIES Product Highlights

General
• Essentially all-new platform introduced in '04; Valvetronic 6-cylinder engines, larger V-8 engine, all-wheel-drive Sedans and Sports Wagon added in '06. 2008 models substantially updated with mild facelift, revised interior and major powertrain changes for 6-cylinder models
• '08 models began production in March '07; early release in May 2007; produced in Germany
• Six models offered; five 6-cylinder models and one V-8 model:
• 528i Sedan, with 3.0-liter N52 inline 6-cylinder engine (230 hp)
• 528xi Sedan, same engine as 528i but with xDrive all-wheel drive
• 535i Sedan, with N54 3.0-liter twin-turbo inline 6-cylinder engine (300 hp)
• 535xi Sedan, same engine as 535i but with xDrive all-wheel drive
• 535xi Sports Wagon, same engine as 535i/xi Sedans, xDrive, 5-door body and many specific Sports Wagon features
• 550i Sedan, with 4.8-liter V-8 (360 hp)
• All models available with 6-speed manual 1 or automatic transmission; 535i and 550i Sedans available with new 6-speed Sport Automatic at extra cost
• Base prices including $775 destination charge (all with a choice of manual or no-cost STEPTRONIC automatic transmission):
528i Sedan – $45,075
528xi Sedan – $47,275
535i Sedan – $50,175
535xi Sedan – $52,375
535xi Sports Wagon – $54,775
550i Sedan – $59,275
• 5 Series U.S. sales in calendar 2006 – 56,756 (Sedans and Sports Wagon; includes M5).
What's new for 2008
All models:
• New model facelift includes revised front fascia, new taillights, new rear air-diffuser (Sedan models) and redesigned interior with upgraded materials. All 6-cylinder Sedans and Sports Wagon receive significant power increases, comparable to 3 Series cars.
• Lane Departure Warning system boosts driver awareness by providing the driver an immediate warning about lane placement
• Active Cruise Control adds "Stop & Go" feature, which permits cruise-control operation even in heavy traffic
• Freshened interior provides an even more elegant look, with additional leather and extended wood trim.
• Ergonomic changes include more convenient window switches, relocated console ashtray and electronic shifter
• In addition, standard iDrive adds six programmable memory buttons, which can be used for anything from radio station presets to navigation destinations or auto-dial telephone numbers
• Premium Sound Package discontinued; Logic7 premium stereo available as stand-alone option. BMW center-installed 6-disc CD changer also available
All 5 Series Sedans
• Reconfigured optical headlight lenses
• New front airdam has reshaped opening with upturned ends
• Relocated amber DOT lenses; headlight area is completely white
• Taillights include new white design with fewer reflectors, plus red lines in the optical lenses
• Reshaped rear bumper, with revised diffuser below the bumper
535xi Sports Wagon
• New front-end treatment includes revised headlights, front fascia and relocated DOT lenses.
• New rear-end treatment includes reconfigured taillights. Rear diffuser remains as before
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