X5m X5 M $111k Msrp 21" Wheel Full Leather Driver Assistance Rear Dvd Prem Sound on 2040-cars

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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 X4 M40i caught production-ready

It seems like BMW is pretty committed to this whole X4 thing. Aside from the current xDrive28i and xDrive35i, we've captured a round of spy photos showing what our spy shooters tell us is a more dynamic M40i model.
The higher-performance hunchback follows in the footsteps of BMW's other sub-M cars like the M235i. In fact, much like the high-po 2 Series, the M40i is expected to make use of a 3.0-liter, turbocharged six-cylinder, developing 365 to 375 horsepower.
Aside from that, the rest of the X4 M40i fits the brief of other near-M models, with a more aggressive body kit, larger wheels, firmer suspension and brawnier brakes. Expect some mild tweaks inside, too, including sportier seats and an M-specific steering wheel.

Audi to spend $17 billion to fight BMW

It's no secret that VW Group, parent company to not only Volkswagen but also Audi, Bugatti, Bentley, Lamborghini, Porsche and Ducati brands sold in the US, is determined to become the world's largest automaker. Even more impressive is that VW is prepared to spend billions to make it happen.
With that comes word that VW Group will be spending $17 billion on its Audi brand over the next three years to push itself above rival BMW. The money will be invested in both vehicle development (including lightweight auto design and alternative powertrains) and facilities (including expansion in Hungary, China and new operations in Mexico). The luxury brand is focused on global manufacturing infrastructure.
Already Europe's best-selling luxury brand, Audi's objective is to overtake BMW by the end of the decade by selling more than two million cars per year (BMW is shooting for 1.54 million sales in 2013). If those objectives are met, VW Group should be on track to be the industry's volume leader by 2018.