2013 Rolls Royce Ghost. Jubilee Silver With Seashell. 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.

Someone turned a Rolls-Royce Ghost into a real Crazy Taxi

One of the unexpected perks of the Autoblog office is that we get to see some pretty amazing cars, and not just what's in our review fleet. Right next door is Platinum Motor Cars, a premium used car dealer, and while they have some pretty stunning exotics on display, we noticed something a bit more unusual this week. And this Rolls-Royce Ghost is certainly unusual: It features a vinyl wrap that makes it look like a rusty yellow taxicab. The distinctive logo on the rear door also shows that this Ghost is a rolling tribute to Sega's classic arcade racer Crazy Taxi. Fortunately, we haven't seen it tearing through outdoor restaurants and up sidewalks like you might in the game. We wanted to know more about the car, so we talked to Jonathan Smith from Platinum Motor Cars. He told us that he and the car's owners participate in various cross-country rally events and they needed a car for the Motor City Rally on August 3. Smith explained they picked up a Ghost they weren't worried about putting miles on, and because, as he put it, they "are kids at heart," looked to a video game from their past for inspiration. Smith said they were in a tight spot getting the car wrapped, since the Ghost arrived only two days before the start of the rally. But he explained they were fortunate Envy Auto Group was able to finish the job in just 36 hours. This car also continues their trend of using fun cars for their rallies. Smith told us about the various themes they've had for past vehicles such as a Love Bug-themed Audi RS7, and a "Family Truckster" Mercedes-Benz E63 wagon. The latter of which got the complete olive green and faux wood color scheme to match the movie car. Smith said that the Motor City Rally was the only rally the Ghost will participate in, but they will show it at the M1 Concourse Cars and Coffee, at the Woodward Dream Cruise, and probably a few other local events. So if you happen to be in the Birmingham area, keep an eye out for the yellow Rolls. It's hard to miss. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: Jonathan Smith / Platinum Motor Cars Auto News Toys/Games Rolls-Royce Luxury Sedan video games rolls royce rolls-royce ghost

Check out King Charles III's $17.6 million car collection

King Charles III's coronation will take place in England on May 6, and being crowned a monarch comes with a long list of perks with four wheels. He will gain full access to the Royal Family's fleet of cars, which is valued at about GBP14 million (approximately $17.6 million). The two most expensive cars in the collection are nearly identical: they're a pair of Bentley State Limousine models (pictured) built for Queen Elizabeth II, King Charles III's mother, in 2002. Only two units were made, and they're both part of the Royal Family's fleet, so they're difficult to put a value on; it's not like one is going to end up listed on your favorite auction site anytime soon. British company Nationwide Vehicle Contracts, which compiled the list, estimates that each armored, 245-inch long sedan is worth at least GBP10,000,000 (roughly $12.6 million). Dropping below the eight-digit threshold, the second-most-valuable car in the Royal Family's fleet isn't really a car. It's the Gold State Coach, which Matchbox recently released a 1/64-scale replica of, and its value is estimated at GBP1.6 million (about $2 million). At 275 inches long it's even bigger than the Bentley limousine and it weighs about 9,000 pounds. It's 261 years old and designed to be pulled by eight horses, and has been part of every coronation since 1831. The rest of the Royal Family's vehicles are relatively mundane. There's a 1965 Aston Martin DB6 Volante that Queen Elizabeth II and her husband, Prince Phillip, bought for King Charles III on his 21st birthday. It's worth GBP1 million (about $1.2 million). The collection also includes a Rolls-Royce Phantom VI (about $627,000), a Bentley Bentayga (about $201,000), a Land Rover Range Rover long-wheelbase Landaulet ($133,000), a Jaguar XE (about $41,000), and a Land Rover Defender ($38,000). "Luxury cars have long been associated with the monarch and King Charles III, in particular, is known for his fondness of motor vehicles. His impressive collection features sentimental value with motors passed down from his late mother, Queen Elizabeth II, to cars bought for him by his parents," explained Keith Hawes, the director of Nationwide Vehicle Contracts, in an interview with CBS News. Being at the head of a car-making nation's royal family also comes with drawbacks: Every vehicle in King Charles III's fleet is British.