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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.

2016 Technology of the Year Finalist: 2016 BMW 7 Series

BMW remade the legendary 7 Series around technology for 2016. Yes, the sixth generation of BMW's iconic flagship remains a luxury leader, but its sophisticated new features expand the 7's traditional strengths to a new generation that relies on smartphones. The 7 Series' extensive tech is most evident inside, where the driver and passengers have new interactions with the car. A feature called gesture control allows the driver to turn up the volume, accept or decline phone calls, or turn off the home screen using hand movements (see the video below). The sedan also has a digital instrument cluster, LCD touchscreen keyfob, wireless charging feature for phones, and a pinch-to-zoom function that makes iDrive simpler to use. Life is especially good in the backseat, where a seven-inch Touch Command Tablet allows the passenger to control comfort, lighting, and infotainment tasks. There's also WiFi, a gorgeous panoramic Sky Lounge LED roof, and 10-inch screens mounted into the seatbacks. Creature comforts and connectivity aside, BMW literally redid the 7 Series to the core. The new body structure, called Carbon Core, helps the sedan cut weight by up to 190 pounds compared with its predecessor while improving stiffness and rigidity. Meanwhile, the big sedan now offers four-wheel steering, improved aerodynamics, and it will get a plug-in hybrid version next year. It's still a 7 Series, and that means it has all of the luxury can you imagine. The car will massage you, perfume the air, and ionize the cabin. Naturally, it has a potent twin-turbo V8 pushing out 445 horsepower. This is what you've come to expect from BMW. But with the new 7 Series, the venerable automaker moves toward the modern tech-savvy consumer, and that's why Bavaria's most decadent sedan is a finalist for our Technology of the Year award.

First Ride: 2015 BMW M3 and M4

Getting Our Butts In The Seats
Both the non-M BMW 3 Series sedan and 4 Series coupe have so far brought much pleasure to us at Autoblog. The terrific four-cylinder 328i trim has become our favorite of the 3 Series line, while we have yet to get a chance at the 428i coupe. That said, the 35i trim powered by a 3.0-liter TwinPower Turbo inline six-cylinder engine is not exactly to be sniffed at.
We all know the ones you're really waiting for, though. The F80 fifth-generation M3 sedan and the supremely sexy F82 M4 coupe. Rumors have been buzzing for a couple of years now that the engine would be another V8, only turbocharged this time, or else a tri-turbo six. Well, today BMW confirmed that the mill under the hood's power bulge is a 3.0-liter inline six-cylinder TwinPower Turbo of the biturbo variety, referred to internally as "S55B30 variant."