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BMW matriarch Johanna Quandt dies at 89

Johanna Quandt, matriarch of the family that owns the largest stake in BMW, has died at age 89. One of the world's richest women, Quandt ranked in her own right as the eighth wealthiest individual in Germany, and one of the 100 wealthiest billionaires in the world. Johanna Maria Bruhn was born in June 1926, the daughter of art historians in Berlin. She trained in medical technology before the outbreak of World War II, and after the war worked as a banker's secretary in Cologne. She started working for Herbert Quandt in Bad Homburg, near Frankfurt, in the mid-1950s, and eventually became his personal assistant. They married in 1960, shortly after increasing the family's stake in BMW to 50 percent in order to stave off a takeover attempt by Daimler-Benz. The Quandt family's fortune was controversially amassed during the war. Herbert's father, Gunther Quandt, was a top Nazi-era industrialist named by Adolf Hitler as a Wehrwirtschaftsfuhrer – Leader of the Armament Economy. After Herbert's mother Antonie died, Gunther remarried to Magda, a much younger woman. Following their subsequent divorce, Magda married Nazi master propagandist Joseph Goebbels (with Hitler as best man), and together raised Herbert's half-brother Harald. A recent documentary found that the AFA, the company that the Quandts controlled during WWII, used slave labor provided by the Nazi regime to manufacture battery and munitions for the German war effort. Due to the subhuman living and working conditions, AFA lost approximately 80 forced laborers each month. Despite earlier denial of any wartime wrongdoing, the documentary and ensuing public attention prompted the Quandts to open their books to another investigation that confirmed their wartime activities. The Quandts would later use the capital they amassed to buy BMW, of which they still hold 46.7 percent – the remaining 53.3 percent traded publicly. Following Herbert's death in 1982, Johanna took over 16.7 percent ownership in the company, with their son Stefan Quandt acquiring 17.4 percent and their daughter Susanne Klatten assuming 12.6 percent ownership. Stefan and Susanne, both members of BMW's supervisory board since 1997, are expected to inherit their mother's shares following her passing. Johanna's personal fortune was estimated at nearly $14 billion. Though reclusive from media and public attention, she gave generously to charitable foundations that supported such causes as medical research and business journalism.

2020 Acura NSX leads this month's list of discounts

With its 573-horsepower hybrid powertrain and 0-60 time of 2.9 seconds, there's no doubt that the Acura NSX is an impressive machine. As its production numbers and pricing adjustments attest, however, it's not a big seller. And this month, Acura's high-end coupe has a larger monetary discount than any other vehicle in America. Buyers of the 2020 Acura NSX are scoring an average cut of $19,659 off the car's $159,530 sticker price. That equals a 12.3% savings for an average transaction price of $139,871. That's still a hefty chunk of change, but it's a reasonable sum for a vehicle with the NSX's performance chops. The next two vehicles in order of largest discounts follow the same luxury performance coupe trend. The Audi R8 is a much pricier vehicle than the NSX, which means its $16,146 discount only represents 8% off its average $200,086 sticker, but we doubt buyers are complaining. Next up is the BMW M8, a vehicle that has been at or near the top of this list more than once. The M8's average discount of $15,403 represents a 10.4% savings off its $148,880 retail price. Interestingly, that puts the M8 and NSX within a few thousand dollars of each other. For a look at the best new car deals in America based on the percentage discount off their suggested asking prices, check out our monthly recap here. And when you're ready to buy, click here for the Autoblog Smart Buy program, which brings you a hassle-free buying experience with over 9,000 Certified Dealers nationwide. Related Video:

BMW M760i all dressed up for hundredth birthday festivities

BMW is the latest automaker to be celebrating its 100th anniversary this year. So to mark the occasion, the Bavarian automaker is rolling out a special anniversary edition of its flagship 7 Series sedan. Somewhat awkwardly labeled as the BMW Individual 7 Series THE NEXT 100 YEARS, the celebratory edition features a number of special touches to set it apart. The bodywork is painstakingly painted in a unique shade of Centennial Blue metallic, with two-tone 20-inch wheels and handcrafted emblems. The interior meanwhile is highlighted by off-white, fine-grain leather – quilted and trimmed with hand-woven piping – with matching Alcantara headliner and piano-black trim. Of course there are the requisite special badges inside and out, and each sedan comes with a specially made Montblanc fountain pen. Only 100 examples will be made for distribution worldwide, with three different engine options depending on the market. The US market will only get five examples based on the recently revealed M760i xDrive performance model, complete with 6.6-liter twin-turbo V12 driving 610 horsepower to all four wheels. As a special version of Munich's top-of-the-line luxury sedan, pricing will surely fall within "if you have to ask" territory, so we'll just wish BMW a happy birthday and rest assured that each of the hundred individually numbered examples will find a good home. The BMW 7 Series centennial models "BMW Individual 7 Series THE NEXT 100 YEARS". Woodcliff Lake, NJ – April 19, 2016...Today BMW announced the "BMW Individual 7 Series THE NEXT 100 YEARS" models to mark the company's centenary, representing the historically evolved technological competence of the world's leading manufacturer of premium automobiles and emphasize the exclusivity with which both luxury and innovation are expressed. The BMW 7 Series centennial models are being produced in a limited quantity with only 100 units available worldwide with three different engine variants. The US market will receive 5 units and it will be exclusively available as the "BMW Individual M760i xDrive Model V12 Excellence THE NEXT 100 YEARS" centennial model, featuring a 12-cylinder engine producing 610 hp (preliminary) and a unique combination of state-of-the-art comfort, luxury and dynamic agility. This centennial model will be available by the end of 2016.