Per BMWNA, here are the details regarding changes for the 2014 Model Year 5 Series and M5
(also see F10 LCI Official Thread):

BMW 5 Series Sedan and 5 Series Gran Turismo:

Updated design and new equipment: Fresh contour lines for the surround of the BMW kidney grille and redesigned lower air intakes reinforce the sporty appearance of the 2014 BMW 5 Series Sedan. The accentuated width of the rear end is underlined by an extra crease in the apron, as well as slim, sharply contoured and therefore more striking rear lights.

The 2014 BMW 5 Series Gran Turismo receives a modified front apron exuding presence and solidity. Its redesigned rear end creates a longer and lower visual impression. A three-dimensional surface design for the area around the … CONTINUED

This week on Ignition, Carlos Lago tests the BMW M5… again! This time around it has something called the Competition Package, which adds a host of small adjustments and improvements in an effort to improve the car’s performance and the satisfaction it gives to its driver. Is more power and a recalibration of the suspension and steering enough to make this incredible sedan behave? We find out on the test track at Hyundai’s Proving Grounds.

Along with the 4 Series and X5, which had their media launch this past week in Seattle and Vancouver, BMW also brought out the 2014 5 535d (with LCI refresh) and the 2014 M5 with competition package for us to check out. Here are some on-location photos of the 535d M Sport and M5 Competition (this M5 does not wear the Competition Package wheels which come with the package).

The 535d is new for the US market for the 2014 model year. A 3.0-liter twinpower turbo diesel outputs 255 horsepower and a peak torque of 413 lb-ft, while getting 38 MPG.

The 2014 M5 does not see a power bump, but more power is available through the Competition Package, which adds 15 horsepower, along with a host … CONTINUED

Launchfilm for the LCI updated 2014 BMW 5 Series facelift model.

The 2014 5 Series (LCI refresh) receives both cosmetic and mechanical updates [full details] and many of you have wondered what effects the updates to the suspension and steering will have.

Edmunds shares their first drive review of the 2014 5 Series and gives their take on this:

The 5′s chassis has also seen a light rethink in the form of retuned dampers for improved comfort, quietness and reduced roll, besides some fresh mapping of the electric power steering to sharpen its precision.

These dynamic upgrades are subtly apparent on the admittedly shelf-smooth Bavarian roads we sampled it on. The ride is smoother, the cabin is a little quieter and body sway, never a big issue in a 5 Series, is tightly controlled. The natural balance that comes … CONTINUED

We have uploaded the 2014 BMW 5 Series (LCI Facelift) catalog (German version), as well as a full detailed guide to the 2014 F10 LCI model.

New videos featuring the new 2014 BMW 5 Series LCI facelift model – sedan, touring and GT models (exterior, interior and driving footage).

Here is the official 2014 BMW 5 Series price and order guide. This covers the F10 sedan, F07 GT and the F10 Activehybrid sedan.