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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.

10 automakers sued over keyless ignitions

Keyless ignition has rapidly proliferated throughout the auto industry to become a fairly normal feature on new cars. It's supposed to offer the convenience of keeping the fob in your pocket and just pressing a button to drive away. However, ten major automakers are now being sued in US District Court over claims that the system is dangerous, Reuters reports. The suit alleges that people are forgetting to shut off the engine, and the lack of an idle timer is the cause for 13 deaths by carbon monoxide poisoning and multiple injuries. The suit currently includes 28 plaintiffs, according to Reuters, but the lawyers are asking for class-action status to potentially add many more. The case goes after a major swath of the industry, including BMW, Daimler, FCA, Ford, General Motors, Honda, Hyundai, Nissan, Toyota, and Volkswagen, plus their related brands like Acura, Infiniti, Mini, and Lexus. In all, over five million vehicles are affected. The assertion here is that people walk away from their vehicle without shutting it off because they believe the engine shuts off automatically. If parked in a garage, carbon monoxide can build up, leading to poisoning. The lawyers claim automakers know this is a problem and also cite 27 complaints to the National Highway Traffic Safety Administration about the issue, according to Reuters. The plaintiffs are asking for an automatic shut-off and damages from the companies. These concerns have come up before, though. Toyota previously faced a lawsuit over a carbon monoxide death after a woman accidentally left her Lexus running. Also earlier this year, GM recalled 64,186 examples of the 2011-2013 Chevrolet Volt because owners weren't shutting them off. The problem resulted in two injuries, and the company released a software update to limit the idling time.

Mini stretches its legs with new Clubman Vision Gran Turismo concept [w/video]

The Clubman may not be the first model you think of when it comes to sporty Minis, but with the next-generation wagon variant just around the corner, the Anglo-Saxon automaker is evidently keen to reshape the Clubman's image, using it as the basis for its Vision Gran Turismo concept. Designed entirely for the virtual reality of Gran Turismo 6, the Mini Clubman Vision Gran Turismo may not be as extreme as some of the creations dreamed up by other automakers. But as far as Minis go, it's pretty out there. Into its beefed-up, long-roof form it packs a powertrain of undisclosed dimensions but producing 395 horsepower (and evidently requiring six tailpipes – two on each side and two out the back). Exhaust tips aside, all that muscle – nearly twice what any road-going Mini has produced to date – drives through all four wheels to theoretically deliver it to 62 miles per hour in a scant 3.5 seconds. Throw in the track-tuned bodywork – including a proliferation of spoilers, added ventilation, a wider track and 22-inch rims – and you're looking at one very serious Mini indeed. But before you balk at the concept, consider that Mini has had some serious motorsport bragging rights over the years: it dominated the Monte Carlo Rally (among others) in the mid-1960s, and though it canceled its more recent World Rally Championship effort, it went on instead to win the Dakar Rally four years running now. What you're looking at here is the form it would likely take were Mini to shift its attention (as Citroen recently did) to touring cars instead. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. MINI goes Gran Turismo®6. From today gamers can enjoy driving the virtual MINI Clubman Vision Gran Turismo. 26.02.2015 Munich. Inspired by the brand's legendary motor racing success, the MINI Design Team has created the essence of a MINI to enable maximum racing performance in the game Gran Turismo®6 for PlayStation®3. "MINI has many highly emotional achievements to its name in motor racing. The MINI Clubman Vision Grand Turismo literally puts these onto the virtual race track in Gran Turismo 6. The image of a go-kart on the road has recurring appeal," says Anders Warming, Head of MINI Design. The 395 hp engine accelerates the MINI Clubman Vision Gran Turismo from 0 to 100km/h in just 3.5 seconds.