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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.

2020 Mini Cooper S E electric car's reveal date announced

Although we've pretty much seen the production 2020 Mini Cooper S E electric hatchback, we've been in the dark about when the car, and more importantly its specifications, will officially be revealed. But now the company says we'll see it on July 9, just a few weeks away. As you can see above, the car pulls many design cues from the Frankfurt concept such as the mostly filled-in grille with a yellow-green stripe and the nifty four-spoke wheels. Of course it's also clearly and closely based on the regular Mini Hardtop, and it even features the Mini Cooper S hood scoop. That's another indication that Mini intends for it to be comparable to a sporty gas-powered model. We're most anxious for confirmation on performance specifications. In our prototype drive, we learned that the motor is based on the one from the BMW i3S, so it should make about 181 horsepower, just 8 shy of the gas-powered Mini Cooper S. But the range estimate given during the prototype drive was a rather low 120 miles. That's actually a little less than the 150 miles of the prototype Mini E from about a decade ago. More finalized numbers should be available after the official reveal.

Mini Countryman plug-in hybrid out for a snowy stroll

When Mini launched the Countryman in 2010, it emerged as the brand's first all-wheel-drive model. Now there's a new Countryman on the way, and it's also set to mark a Mini first by incorporating not just a mild hybrid system, but a plug-in hybrid powertrain. And that's just what we're looking at here. How do we know this prototype is packing a hybrid powertrain, you ask? A fair question, and we'll tell you: because the manufacturer chose to mark "Hybrid Test Vehicle" on the door. And because parent company BMW is already known to be working on a PHEV system for the 2 Series Active Tourer on which the new Mini crossover will be based, it's fairly safe to say it won't be developing a separate system for the Countryman. Expect the hybrid mega-Mini to combine a 1.5-liter inline-three driving 136 horsepower to the front wheels, and an electric motor good for another 102 hp on the rear wheels for through-the-road all-wheel drive and a combined output of nearly 240 hp. That's more than even the John Cooper Works performance model has offered. Scope out the spy shots in the gallery above, where you'll also find an interior shot of a conventional next-gen Countryman.