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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.

BMW, Mercedes ponder challengers to Uber

With autonomous vehicles seemingly just on the horizon of actually arriving to consumers, companies in the auto industry are already thinking about how the innovations could radically change how they do business. For example, BMW and Mercedes-Benz are considering a time where they might transform into ridesharing companies, according to Reuters. It almost sounds like the sci-fi motoring world Bob Lutz is predicting. The German brands foresee a future where some people hail their driverless cars like taxis and use them for short trips. The automakers could run those fleets, essentially making them Uber competitors. In fact, Tesla is reportedly mulling the idea, and Google might be, too. Alternatively, ridesharing services could buy the companies' models directly. "New mobility concepts will emerge with autonomous vehicles, which are robot cars. Fleet management will become a much more significant business," Peter Schwarzenbauer, BMW board of management member in charge of Mini, said to Reuters. With BMW's DriveNow and Daimler's Car2Go car-sharing services, both automakers are already experimenting with alternative ways to get their vehicles on the road. It's not too hard to imagine one of the brand's peppering a few autonomous cars into those fleets someday to test these new theories in the real world. "The ability to use a car, and then walk away is a serious business," Ian Robertson, BMW's head of sales and marketing, said about the future of driverless tech to Reuters. Related Video:

Recharge Wrap-up: Tesla's new wheels, BMW Smart Transport Robots

Tesla has added a new standard wheel option for the Model S. The electric carmaker updated its configurator to include the 19-inch "Slipstream" wheels, replacing the standard five-spoke wheels. The Slipstream wheels look somewhat similar to the larger Turbine wheels Tesla also offers in the Model S. Recent deliveries may have included the new wheels, and one Redditor said he was surprised to find them on his new Model S. Customers can still opt for the 21-inch Turbine wheels or the 19-inch Cyclone wheels for additional cost. Read more from Teslarati. A scam artist who pled guilty to fraud for selling credits for biodiesel he didn't produce has been sentenced to more than 10 years in prison. Philip Rivkin will spend 121 months in prison with three years of supervised release, and is required to forfeit $51 million and pay $87 million in restitution. Rivkin pled guilty to one count of mail fraud and one count of making a false statement under the Clean Air Act. "Today we take another big step toward upholding the integrity of an important program that reduces greenhouse gas emissions and promotes energy independence," says EPA Assistant Administrator Cynthia Giles. She adds, "This sentence deters would-be violators and helps protect responsible companies that follow the rules." Read more from the US Department of Justice. BMW will launch its On-Street Parking Information service this year. By the end of 2016, the service will allow drivers in the US and Germany to find open parking spaces through their navigation system. It uses movement data of cars entering or leaving parking spaces to predict areas that are more likely to have vacant parking and direct drivers to those areas. Besides offering convenience, On-Street Parking Information could help save fuel that cars use while the driver searches for parking. BMW says trials in major cities have already delivered "reliable results." Read more at Green Car Congress. BMW is developing autonomous robots that move parts around its factories. The Smart Transport Robots can make their way to rolling parts containers and deliver them to where they need to be on the factory floor. The robots use radio transmitters and a digital map to navigate around the factory, but BMW plans to eventually upgrade to a more accurate 3D camera system. Powered by retired BMW i3 batteries, the robots have enough charge to last an eight-hour shift. According to BMW Vice President of Foreign Supply Dr.