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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.

Lots of Land Rovers, Jaguars and Minis actually survived that near-capsized ship

Despite a severe list to starboard, many of the 1,400 cars and SUVs aboard the 51,000-ton Hoegh Osaka are currently being recovered in salvageable condition, with video showing some of the vehicles from British brands Land Rover, Jaguar and Mini, being driven ashore under their own power. The car-carrying vessel developed a severe list on January 3 and was intentionally run aground on a sandbar between England and the Isle of Wight. It has since limped its way back to port in Southampton, where damage assessments are being conducted on both the ship and its $53-million in cargo. According to the company that owns the car carrier, the ship itself only suffered minor damage in the incident, while Car and Driver is reporting that many of the damaged vehicles will almost certainly be scrapped. Still, the fact that there are vehicles, some of which appear undamaged (look at that Defender at 0:50!), being removed from the Hoegh Osaka needs to count as a net win. News Source: Car and Driver, WonkaBar007 via YouTube Jaguar Land Rover MINI Coupe Crossover Hatchback Luxury Off-Road Vehicles Performance Videos Sedan

Mini JCW GP to be hatchback only, no 'Ring record attempt in sight

The 2013 Mini John Cooper Works GP is dropping weight and lowering its lap times, but one thing it won't be losing is its flat roof. Like the original JCW GP package, Evo says that despite the fact that sportier Mini Coupes have been caught testing, the new GP will only be offered in the three-door Cooper hatchback body style. And that's perfectly fine with us.
Evo spoke with GP development chief Jorg Weidinger who said that as a part of the car's history, "It was a hatch, it is a hatch and it should stay a hatch." Weidinger also said that Mini is not planning to set any Nürburgring records with the new JCW GP even though earlier reports indicate that the car is a full 20 seconds faster around the 'Ring than its 2006 predecessor.
The new Mini John Cooper Works GP weighs 121 pounds less than the John Cooper Works Hardtop, offers a fully adjustable coil-over suspension and it will have a starting price of $39,950, (including $700 for destination) when it goes on sale later this year.