2012 Mini Cooper Hardtop W/ Sport Package, & Xenon Headlights on 2040-cars

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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.

Spectre Type 10 is a 230-hp, $180,000 mid-engined Mini restomod

Restomodded classic Minis are nothing new, right? A number of reworks swap the original 1.3-liter engine, Honda's VTEC K20 four-cylinder being such a popular replacement that Mini Mania makes a complete swap kit, but the 1.0-liter Ford EcoBoost gets love, too. Some mods replace the engine and move it behind the front seats, a popular option when using the four-cylinder from a Suzuki Hayabusa motorcycle. Some restomods don't do any of that, but just overhaul everything and charge a lot for it, like the David Brown Automotive Mini Remastered that costs around $100,000. As caught by Carscoops, Spectre Vehicle Design out of Vancouver, Canada has done all of the above with its Type 10 Mini restomod, raising the bar for conversions into another dimension. There will only be ten of the Launch Edition Type 10s, and about the only original part left from an original donor hatchback will be the bodyshell. These will be sourced in the same state as the buyer's residence in order to ease the process of vehicle registration. Into that bodyshell, the small Canadian team of enthusiasts has placed a Honda K20 mill with a Haltec engine management system behind the front seats. Shifted through a six-speed gearbox, we're told VTEC kicks in with 230 horsepower at the rear wheels, shunted through a limited-slip differential. In a vehicle reported to weigh 1,700 pounds wet, we're talking serious shove. Committed to keeping the Mini's ten-inch wheels, Spectre designed a new trailing arm suspension to make the package work. Those wheels are three-piece, six-inch-wide, CNC'd aluminum units with staggered offsets and directional spokes to usher hot air away from the four-piston disc brakes.  The cabin looks like a Japanese-infused Mid-Century modern living room, given a touch of carbon fiber and Monica Bellucci. Creative Director Marco Lii patterned the seating aesthetic off a genkan, the foyer area in a Japanese home where one removes ones shoes. The genkan floor is often recessed in relation to a home's main floor, and so it is here in the Type 10. There's a tatami-like mat on the cabin floor, the two interior seats placed on a dais a level above that. The copious light wood and leather interior with chrome accents is understated and gorgeous, everything so well integrated that it takes a moment to recognize the full-cabin roll cage wrapped in stitched leather. The padded center armrest on thin chromed legs looks like a piece in a high-end furniture store.

BMW seeks partners for electric Mini, could make it an all-EV brand

LOS ANGELES — Germany's BMW is talking with other automakers "around the world" to try to find partners to lower the cost of electrifying its future Mini small cars, management board member Peter Schwarzenbauer told Reuters. "We are talking to many OEMs (manufacturers) around the world, not only in China, (about) how to electrify smaller cars," Schwarzenbauer said. "There's no final conclusion on it." Chinese automaker Great Wall Motor said last month it was discussing a possible venture to build Mini vehicles in China. BMW currently does not build Mini vehicles outside Europe. Schwarzenbauer declined to discuss the Great Wall situation, saying "this was speculation." However, he said building smaller electric cars was challenging, not only because of the financial costs, but also the engineering problem of fitting batteries with sufficient range into a smaller vehicle package. BMW has worked with rivals before to share the costs of clean vehicle technology. The automaker has a partnership with Toyota to develop fuel cell vehicles. BMW has said it plans to launch a new, electric Mini model in 2019. Eventually, Mini could become an entirely electric brand aimed at urban consumers, Schwarzenbauer said. Mini sales in the United States have fallen 10 percent through the first 10 months of this year, as demand for many smaller cars has waned in favor of sport-utility vehicles and trucks. "It's really only in the U.S. where we are facing this with Mini," Schwarzenbauer said. BMW will not try to reverse that trend by adding larger SUVs to the Mini lineup, Schwarzenbauer said. Instead, he said, "the way for Mini in the U.S. is ... building the Mini brand in the direction of the electric urban mobility company." On a separate issue, Schwarzenbauer said BMW intended to offer a self-driving car planned to debut in 2021 at a price that could be below $100,000. The iNEXT model, which BMW previewed earlier this year, will be offered to individuals, ride services fleets and put into service in BMW fleets, Schwarzenbauer said. "By 2021, you will have a lot of people who want to own this car," he said. "It will be a normal price. We are thinking of scaling this. To bring a $150,000 electric car is nice, but it will not really scale." When it launches, the iNEXT may not be offered with complete, so-called Level 5, autonomy because the regulatory and legal frameworks for such a vehicle likely won't be in place, Schwarzenbauer said.