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BMW profit of $2.7B is down as automaker invests to keep luxury lead

Despite selling 6.6-percent more vehicles - a record by volume - and posting higher revenues in the second quarter of 2013, BMW Group's profit of 2.07 million euros ($2.75 billion) is down 8.8 percent from last year. Investments in new technology (e.g. the new i3) and personnel, in addition to a competitive market, are to blame, BMW states. But the automaker remains committed to its fiscal targets for 2013, which, Chairman of the Board of Management of BMW AG, Norbert Reithofer, says will be "on a similar scale to 2012."
The BMW brand's sales performance in the first half of the year, which increased by 7.7 percent to 804,258 vehicles delivered, was good enough for it to maintain its lead in the luxury market, narrowly beating Audi, which delivered 780,510 vehicles, Automotive News reports. Mercedes-Benz delivered 694,433 vehicles to cement third place.

This family has a trio of beautiful BMW E28 5 Series

The Caccavo family is not like yours. They're actually far, far cooler. Rather than dad driving a pickup, mom piloting a crossover and son getting about in a clapped-out compact, each member of the family has their very own second-generation BMW 5 Series. Father Dean's M5, mom DonnaRae's 528e and son Austin's 535is were, remarkably, all purchased for under $10,000, after the family made a maximum-price rule for its cars. The E28 obsession all started innocently enough, with Dean's M5. Shortly after that, DonnaRae snapped up the 535is. When it came time to buy a car, his parents told him he'd need to get a job and make the purchase on his own. He agreed, under one condition – that he was able to buy his mom's 535is. Once the deal was said and done, DonnaRae found she'd acquired the E28 bug, and promptly bought herself the 528e. Petrolicious has the entire story on the Caccavos and their E28s, available in its latest installment. Check it out.

BMW Pininfarina Gran Lusso Coup'e bows at Villa d'Este

The first collaboration between BMW and Pininfarina is this blunt-force two-door called the BMW Pininfarini Gran Lusso Coupe revealed at the Concorso d'Eleganza Villa d'Este. Said to be the "interpretation of a luxurious BMW Coupé as seen through the eyes of Pininfarina," once you get past all of the design-speak, you can focus on the full-bodied and keen-edged missile sitting on 21-inch wheels.
The long wheelbase makes for short overhangs. Up front, BMW's design language gets scraped across a whetstone, everything getting sharper, including the usually round cat's eye headlights that have gone dihedral. Under the hood is a V12, behind the twin-kidney grille in matte-sheen aluminium and high-gloss black. The same aluminum treatment also backs the taillights, the lenses designed to let air flow through them.
Inside is room for four, a cockpit canted toward the driver, Foglizzo leather in black and Tobacco Brown, 48,000-year-old kauri wood from New Zealand, deep pile carpet on the floors, a patterned virgin wool headliner and an "oblong aperture in the roof liner" set off by white LEDs.