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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.

Rolls-Royce rolls out more powerful Ghost V-Specification

With the release of the 624-horsepower Wraith fastback, Rolls-Royce proved that its 6.6-liter V12 engine could produce significantly more than the 563 horsepower it offers in the Ghost. But those looking for an extra dose of power yet still want the extra two doors - and have the six-figure price of admission to burn - will be delighted by the release of the Ghost V-Specification.
Although Goodwood has yet to put out a press release, its consumer website already has all the details we could want: the engine has been upgraded to 593 horsepower (to sit in between the base Ghost and the more powerful Wraith), driving the rear set of 21-inch two-tone alloys. Buyers will be able to choose from white, grey or three shades of black (or pick an existing color from the catalog), with a hand-painted coachline incorporating the same V-Specification emblem you'll find inside, where you'll also find unique piping and top-stitching, a custom dashboard clock, special treadplates and more.
Buyers will also be able to order their V-Specification Ghost in either standard or extended wheelbases at a price that's expected to, like the engine's output, bridge the gap between the more sedate Ghost and the more powerful Wraith. We're looking forward to seeing it in person at the Geneva Motor Show in a few months, but for now you can scope out the images in the gallery below and play with the configurator tool on the Rolls-Royce website.

2018 Rolls-Royce Phantom spied on the inside

The Grey-Poupon set has a new digital reality in store for 2018. Or at least its drivers will. Today we've captured the next-generation Rolls-Royce Phantom during testing, and decadent sedan will feature a digital instrument panel. These photos show large screens in front of the driver and on top of the center stack – a marked change from the traditional dials. This digital cluster is among a slew of changes that will dramatically update the Phantom. It will also run on a new aluminum platform, which will underpin all Rollers from 2018. The coupe and Drophead coupe will also be killed off with the outgoing seventh generation, which has run for 13 years. Rolls-Royce said from the start the new ultra-luxury sedan would feature significant updates. In a statement, chief executive Torsten Mueller-Oetvoes called it "a contemporary and beautiful Phantom enhanced with cutting-edge technologies and design innovations." Still, the eighth Phantom will look like, well, a Phantom. Despite the "enhanced ... design innovations" Mueller-Oetvoes is pitching, the exterior styling looks largely evolutionary. We're expecting another Roller staple, the traditional V12, to provide the usual mustard-hauling power. Related Video: Featured Gallery 2018 Rolls-Royce Phantom View 10 Photos Image Credit: CarPix Design/Style Spy Photos Rolls-Royce Technology Infotainment Luxury Sedan rolls-royce phantom