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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.

2017 Rolls-Royce Model Year Preview and Updates

It's a modest year of change at Rolls-Royce. In fact, the most significant news is the discontinuation of the Phantom VII, while the world (OK, the top 1% of the world) awaits its replacement, with a scheduled debut in 2018. Even with a year of modest updates, Rolls-Royce customers and patrons needn't, as the company's CEO put it, be 'seduced by mass-luxury brands'. DAWN/WRAITH: The convertible and coupe variants of the Ghost platform receive modest updates to trim and available options. Rolls-Royce also introduces a Black Badge variant, targeting – in R-R speak – the 'darker, more assertive, confident and demanding aesthetic of a new ... Rolls-Royce customer'. GHOST: Rolls-Royce's Bespoke service, long a staple among Phantom enthusiasts, has worked its way down the food chain to Ghost prospects. To reluctantly paraphrase Burger King: Have it your way! PHANTOM: As Rolls-Royce prepared for an end-of-the-year build-out of its Phantom, the company built a total of 50 Zenith Edition Coupes and Drophead Coupes, as well as enough sedans to bridge the gap between the Phantom VII's end of production and its 2018 model year launch of its replacement.

Rolls-Royce Dawn dons Aero Cowling for the Geneva Motor Show

Rolls-Royce will not be bringing the Cullinan SUV to the Geneva Motor Show, but it is instead displaying four special takes on its existing portfolio. The most striking of these is the Rolls-Royce Dawn Aero Cowling. The titular leather-lined cowling made of carbon fiber and aluminum covers the Dawn's rear seats, effectively giving it the appearance of a two-seater, and is fitted with storage compartments. Rolls-Royce claims it is very light, but then the 570-horsepower V12 convertible weighs more than 5,600 pounds, so even a heavier decking setup would really only strain the person lifting it. In addition to the Dawn, Rolls-Royce has brought three custom Phantoms. The most restrained one is called "The Gentleman's Tourer," which features a two-tone grey and silver bodywork and a dark interior. The concept harkens back to 1930s Continental Saloons. The second one, a long-wheelbase Phantom, is called "The Whispered Muse," and it has the Dashboard Gallery option, featuring a silk motif. Rose Gold appears throughout the vehicle, including the Spirit of Ecstasy hood ornament — the first one finished in Rose Gold. The last Phantom, also a long wheelbase, is called "A Moment in Time," and its blue paint is a newly created hue. The three cars show off the customization capabilities of Rolls-Royce's bespoke division, and reportedly almost every customer will special-order their Rolls-Royce. Related Video: Featured Gallery Rolls-Royce Dawn Aero Cowling: Geneva 2018 View 14 Photos Related Gallery Rolls-Royce Geneva 2018 View 10 Photos Image Credit: Live photos copyright 2018 Drew Phillips / Autoblog.com Geneva Motor Show Rolls-Royce Convertible Luxury rolls-royce phantom 2018 Geneva Motor Show rolls-royce dawn