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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.

New Rolls-Royce Cullinan spied with production-spec lighting

Few brands ooze luxury like Rolls-Royce. Like Rolex, the name Rolls-Royce conjures up an image of opulence and a certain level of refinement. Just look at all the details on the new 2018 Rolls-Royce Phantom. This hard-earned reputation is well-deserved. Still, there's an SUV-sized gap in the automaker's lineup. Crossovers are selling like mad and are easy money for any automaker. Fellow ultra-lux automaker Bentley has already thrown its hat into the ring with the Bentayga. Rolls-Royce's entrant, the Cullinan, looks to be nearly ready for production. We've seen plenty of spy photos of the Cullinan, with each batch revealing more and more. Hell, Rolls-Royce itself anticipated these leaks and released a couple of highly camouflaged official photos. These new photos show off the A- and B-pillars as well as part of the roof. It's not much, but it is more than we've seen until now. The rear end also looks to be much further along in development than before. This is our first look at what appears to be production-spec rectangular taillights. The Cullinan will share a platform with the Phantom, so expect plenty of shared parts. That means the Cullinan will likely get Rolls-Royce's 6.75-liter twin-turbo V12 and eight-speed automatic. The 563 horsepower would be down compared to the Bentley Bentayga, but no one buys a Rolls-Royce for pure performance. A hybrid powertrain taken from the BMW 7 Series is also likely. Look for the wraps to come off the Cullinan sometime in the next few months. Related Video:

Rolls-Royce Ghost meets its muddy maker in Jakarta flood

When severe weather or a natural disaster strikes an area, it's hard to get sentimental over trivial possessions like cars, but at the same time, as auto enthusiasts, it always pains us to see a rare car lost regardless of the circumstances. Heavy rains in Jakarta, Indonesia have produced the worst flooding in the city since 2007, which according to Reuters has left an estimated 18,000 people displaced from their homes in addition to six deaths, leaving the roadways covered covered in feet of water.
One of the many cars claimed by the rising waters was this Rolls-Royce Ghost that is surrounded by water that almost fully covers the massive wheels. There is no word as to how much water got inside this Ghost, but it was obviously enough that it could be bailed out by the bucket.