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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.

Mini Cooper SE ditches ‘Corona Spoke’ wheel name for obvious reasons

We’ve recently spent time in the all-electric 2020 Mini Cooper SE, and weÂ’ve found it to be plenty of fun. It packs all the Mini charm with none of the tailpipe emissions. Part of its quirky appeal is its styling, and the top Iconic trim has those funky 17-inch wheels that resemble a U.K. power outlet, ringed in a bright yellow circle. Those wheels, called “Corona Spoke,” are getting a name change. TheyÂ’re now called “Power Spoke.” As a Mini spokesperson told CarBuzz, “This was done to ensure Mini remains sensitive to all those experiencing the widespread impacts of Covid-19,” despite the naming coming long before the coronavirus pandemic. Indeed, MiniÂ’s press release from last July applies the “Corona Spoke” name to the asymmetrical, “aerodynamically optimized” alloy wheels. The Monroney sticker for our recent tester also listed the "17" MINI E Corona Spoke 2-tone" wheels. The name change is a minor footnote in the saga of the coronavirus pandemic, but it's understandable. So with any handwringing over an unfortunate naming coincidence thwarted, we can get back to appreciating the electric Mini for the joy it is. We should note that in addition to being a fun little EV, we also discovered that the Mini SEÂ’s electric range is very conservative — we were able to handily best its 110-mile EPA rating. Related Video:

Next Mini Clubman disguises all six doors

After revealing the new Mini hardtop in various guises, the next new model in the pipeline from the retro British marque is the Clubman. And here it is. Though still wearing some swirly camouflage, this Clubman prototype - previewed by the concept showcased last year - is clearly nearing production readiness. Since it'll have to differentiate itself from the four/five-door version of the new hardtop, the Clubman is expected to be even longer than the model it replaces. And this time, it'll have rear doors on both sides; and from these spy shots, it looks like they'll be conventional, full-size, front-hinged portals, instead of suicide doors. Around back you can also see the taillights peeking through the camo, on split rear portals instead of the one-piece, top-hinged tailgate on the standard-wheelbase model. At this stage, we wouldn't be surprised to see the new Clubman appear for the first time at the upcoming Geneva Motor Show. Whenever it does bow, it'll serve as the second pillar of the brand's reconfigured product lineup, following the new hardtop and preceding the upcoming next-gen Countryman crossover, Superleggera roadster and Minor city car.