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BMW M2 to pack 365 hp

The BMW M2 was spied testing several times last summer, but there has been little news about the upcoming entry to the M family as of late. More info is finally leaking out though, and it potentially confirms some past reports, while giving a better idea of what the coupe looks like. We have to take any of these leaks with a grain of salt, but according to a user on the 2addicts forum citing insider sources at BMW headquarters, M2 production begins in November. This person also reiterates that the coupe uses BMW's N55 turbocharged 3.0-liter inline-six. In this tune, it would reportedly make 365 horsepower and 343 pound-feet of torque. Plus, an over-boost system would allegedly push twist by about 25 lb-ft at low revs. At launch, this rumor also suggests that BMW might keep the M2's color palette limited to just four choices: Alpine White, Black Sapphire Metallic, Long Beach Blue Metallic and Mineral Grey Metallic. Inside, there're purportedly even fewer hues with the only one being black with blue stitching. Assuming these numbers are accurate, the M2 seems to represent a decent upgrade over the already capable M235i. It also uses a version of the N55 but a version making 320 hp and 330 lb-ft. In addition to the extra grunt, previous spy shots show the M with a front fascia akin to the M3/M4.

BMW, Sixt carsharing making money most places

The DriveNow carsharing service, which is a partnership between BMW and Sixt, is growing quite rapidly. "We've been surprised about the explosion of new subscriptions, which has helped boost revenue," says Sixt CEO Erich Sixt. The number of DriveNow users has increased from 215,000 at the end of last year to 300,000 today. Sixt says that DriveNow has been profitable in cities in which it has been established for over a year. Perhaps encouraged by its unexpected success, DriveNow is set to expand even further. The service is currently available in five German cities, as well as in San Francisco, California, and the involved parties are considering a five-year plan to expand to 25 more cities in Europe and the US. Still, Sixt expects DriveNow to report a "small-to-medium, single-digit" loss for this year, according to Sixt CFO Julian zu Putlitz. It's no big deal, just the result of startup costs in new areas. Sixt, which is Germany's largest car rental company, also reported that its own second-quarter income rose 12 percent to $37.7 million, while sales rose 7.6 percent to $585.78 million. DriveNow uses a membership and pay-per-minute model that allows customers to rent BMW and Mini vehicles as they need them. The service also acts as a way to let potential customers try out the vehicles and familiarize themselves with the brands before they buy cars of their own at some point. Depending on the location, DriveNow's fleet includes the BMW 1 Series, ActiveE and X1, as well as several Mini vehicles like the Cooper, Clubman and Countryman. Featured Gallery 2012 BMW ActiveE: First Drive View 31 Photos News Source: BloombergImage Credit: Copyright 2014 AOL Green BMW MINI car sharing profit revenue drivenow sixt

BMW preparing new M4 GTS with water injection

Last month, BMW revealed a new safety car for the MotoGP series. Only instead of just taking one of its production models and giving it some flashing lights, special livery and emergency equipment, the Bavarian automaker used the specially equipped M4 to showcase a new water injection system. And now word has it that the tech is being worked into a new M4 GTS. The system sprays water into the combustion chamber in order to lower the temperature of the air and increase the engine's efficiency, thus allowing it to produce more power without overheating, and relying less on ambient temperatures. It does require refilling a 1.3-gallon water tank in the trunk, though. According to Car and Driver, it's that same system that BMW will be installing in the new M4 GTS, taking the place of previous M3 GTS specials. If precedent is anything to go by, the M4 GTS will also be stripped of excess weight and feature a tighter suspension, stickier tires and more, in order to make BMW's muscle coupe even more hardcore and focused for the track. We could be looking at a debut as early as Pebble Beach in August.