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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 gives up on electric, diesel models in favor of hybrid

Rolls-Royce is not what you might characterize as one of the greenest automakers on the market. Its vehicles tend to be rather large, saddled with lots of plush leather, thick carpets and wood trim, and powered by twelve-cylinder engines in excess of six and a half liters. But that doesn't mean that the stoic British automaker isn't trying to clean up its act, even if its customers haven't responded in kind. Rolls did not receive a single order for the all-electric Phantom. A few years ago, Rolls-Royce showcased an all-electric Phantom prototype called the 102EX (pictured above) and sent it on a global tour to demonstrate to customers around the world. But in speaking to company representatives, Autocar reports that Rolls did not receive a single order for such a vehicle. Nor did customers respond favorably to the idea of a diesel Rolls-Royce. Prospective and existing clients exhibited "significant hostility" towards the idea, despite a diesel prototype that was "effectively inaudible" in comparison to the existing gasoline models while delivering torque-driven performance which the company characterized as "impressive" while significantly reducing carbon emissions. As a result, the diesel project was killed off just like the electric one. That doesn't mean that Rolls-Royce is giving up, though. In the wake of the diesel and electric projects, Goodwood is reportedly proceeding with a hybrid powertrain borrowed from parent company BMW, which offers a wide array of hybrids including versions of 3 Series, 5 Series and 7 Series sedans, the X6 crossover and the i3 and i8 PHEVs.

eBay Find of the Day: Andy Warhol's 1974 Rolls-Royce Silver Shadow

Andy Warhol is one of the most recognizable artists of the 20th Century. With hits like his famous Campbell's soup cans and Marilyn Monroe portraits, he is likely the first name you think of in association with the pop art movement. He isn't known for being an auto enthusiast, though, but maybe that's not entirely the case - there was his BMW M1 art car, after all. Now, Warhol's 1974 Rolls-Royce Silver Shadow is up for auction on eBay Motors.
According the seller, Warhol never had a driver's license, but he still wanted to own a luxurious car. It's claimed that he occasionally had his famous friends, including Jacqueline Kennedy Onassis, chauffeur him around in the Rolls. Following Warhol's death in 1987, the car was auctioned for $77,000, and since then it has only been sold to one additional owner.
The Rolls is painted Walnut and Mason's Black, which appears closer to a shade of brown in these photos, with a black leather interior. The engine is the company's' popular 6.75-liter V8 with a three-speed automatic transmission, and there are just 56,000 miles on this luxurious classic. The seller is including copies of original purchase order from Rolls-Royce and the title to Warhol Enterprises to prove the famous artist's ownership of the car, plus all of its service records.