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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.

Rolls-Royce Cullinan SUV reveals its rear to the cameras

Last week, Rolls-Royce released some official photos of its upcoming SUV, code-named Project Cullinan. The SUV was still wearing full camouflage, and we could only see the front half, but it was our first peak at the new vehicle. Now, thanks to one of our spy photographers, we can see the rest. Immediately noticeable are the rear-hinged, suicide-style rear doors. There appears to be a dummy handle at the trailing edge of the door, but there's no hiding the real thing, which match up nicely with the front handles. Also evident is the plain and simple roof line. No flashy curves here, just simple lines and angles. In fact, the profile of the rear hatch is a bit reminiscent of the Land Rover Range Rover. The hatch drops down to a low-profile rear bumper that features squared-off cutouts for the exhaust. There are couple more details we spot in these photos as well. The unmistakable Rolls-Royce grille looks a bit more rounded than what we saw in the official photos. The result is a more familial look to the Ghost-based Rolls-Royce models. Also noticeable is the strong shoulder line found on every Rolls that runs just below the windows from the headlights to the tail. We can't quite see the tail end of the feature line because of some false body work, but it certainly appears to run the length of the car. See for yourself in the gallery above. Related Video:

Rolls-Royce Corniche Coupe does some performance testing at N"urburgring

While all the gory details surrounding the new Rolls-Royce coupe - including its true name, "Corniche" is just a savory-sounding best guess right now - are still shrouded in mystery, this new set of clandestinely foraged images proves that the car probably won't be a slouch in terms of performance.
The Ghost-based Roller was spotted on the Nürburgring Nordschleife recently, demonstrating its sporting chops at the same time it was showing off it's impressive patrician nose. Expectations are that, when the new coupe is shown off for real at the Geneva Motor Show in March of next year, that nose will belong to the fastest production car to ever wear the Spirit of Ecstasy.
Indications are that the Corniche will be rocking a turbocharged V12, making in the ballpark of 600 horsepower, and using an eight-speed transmission.