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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.

Why the 2020 Mini John Cooper Works GP doesn't have a manual

LOS ANGELES — The 2020 Mini John Cooper Works GP is an interesting machine. While it shares a lot in common with its predecessors, such as the big rear wing, no rear seat, four-spoke wheels and other aggressive design cues, it has a number of distinct differences. In particular, it has a massive amount of power relative to old models, and it doesn't have a manual transmission. This all left us with some questions that we brought to some Mini representatives. We'll start with the big one: "Where's our manual?" The representatives said a lot about how manual take rates are declining, and the smooth, quick-shifting automatic transmission fits a track-oriented car. But they also eventually admitted that they don't have a manual transmission available that would be strong enough to handle the turbo 2.0-liter engine's 301 horsepower and prodigious 332 pound-feet of torque. On the other hand, the engine, which is also used in the John Cooper Works Countryman, Clubman, and small BMWs, already has an automatic developed. And obviously, the company didn't feel it was worth it to develop a stronger gearbox for a run of just 3,000 cars. At the very least, having experienced Mini automatics in the past, they are good, and to make the experience a little more engaging, Mini has custom 3D-printed aluminum alloy shift paddles for the GP that do feel good. Another thing we were curious about was the disappearance of the Nurburgring lap time from the dashboard. Spy shots showed a time of 7:56.69 on a 3D-printed dash panel. The 3D-printed dashboard remains, but it will now have each model's production number instead. The display car uses 2020 as an example. The Mini representatives said that past customers cared more about which number of car they had, rather than a lap time. This is also in keeping with past GP models that all displayed their production numbers somewhere in the interior. The new GP's most striking features, though, are its carbon fiber fender flares. They serve a couple of purposes, such as accommodating the car's wider track and tires. According to one of the representatives, they also help direct airflow and reduce drag, but she didn't say by how much. Then there's the appearance, which is unusual at the least, looking almost like vertical wings, and it's inspired by the outrageous concept. Although they're made of carbon fiber, it's more of a molded style than the woven variety seen on many cars.

Mini SE gets the art car treatment with The Flash superhero painting

What better superhero to put on an electric car than The Flash? Admittedly, the speedy superhero may be a better fit for the Porsche Taycan Turbo or Tesla Model S Performance, but a Mini SE is a fine option itself. The Mini flashes through corners instead of the quarter mile. There, we made it work. Mini has decided to attend the international comics, gaming, animation and fantasy fair, Lucca Changes 2020, with this art car. This year, the fair is completely online. The author who made this art car is Carmine di Giandomenico. He’s an Italian cartoonist who actually made 34 issues of The Flash. Obviously, he had an idea of what he was doing going into this project. Previous to this project, he earned the nickname of “fastest cartoonist in the world” when he drew 56 comic tables in 48 hours. The work of art drawn on this Mini is meant to be a recreation of the cover for Issue 123 originally drawn by Carmine Infantino. Very few details of the actual process were detailed by Mini, but itÂ’s said to have taken di Giandomenico just 10 hours to complete it from start to finish using a “mixed technique.” That tracks with the speeds at which he typically completes his drawings. Art cars can take days to create depending on their complexity, but this is not one of those. As we look at the number of photos provided, “The Flash” is the main event along the sides of the Mini. Lightning arcs up and down and front to back. The lightning bolt symbol on the hood is the same as what youÂ’ll see on The FlashÂ’s chest. It all fits quite nicely with the electric MiniÂ’s persona. Now, if Mini can just find a way to harness The FlashÂ’s power to increase the carÂ’s 110-mile range on a full charge ... Related Video: