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Audi and Mercedes both outsell BMW in January

There won't be any celebrations in Munich this month, as BMW was outsold by arch-nemeses Audi and Mercedes-Benz. The Bavarian company finished behind Audi in January, which took the top spot for the first time since June of last year, Bloomberg reports. Ingolstadt rode high on a 10-percent bump in sales, while Mercedes saw a larger 14 percent increase. BMW, meanwhile, only saw a modest 6.3-percent sales increase last month, thanks in large part to its struggles in China. The company's sales there increased at about half the rate of its chief competitors, with a 7.9-percent jump to Mercedes and Audi's roughly 15-percent increases. Perhaps more worrying for BMW, though, is that this could become something of a trend for the company. According to Bloomberg, issues with Chinese dealers who cancelled orders over sales targets and bonuses combined with what the publication calls aging models, could spell bad news for the German marque. "This looks like a pretty significant decline in growth compared to Mercedes and Audi," Bankhaus Metzler analyst Juergen Pieper told Bloomberg. "I think this will continue during the next few months." News Source: BloombergImage Credit: Matthias Schrader / AP Earnings/Financials Audi BMW Mercedes-Benz

BMW 7 Series iPerformance hybrid priced at $90,095

We've known that a new flagship plug-in hybrid from BMW was coming, but the German automaker hadn't revealed any details or exactly when it would be coming. Now we know both. Today BMW released detailed information on the electrified 7 Series. The new plug-in hybrids will be available in both short- and long-wheelbase variants, with xDrive all-wheel-drive available on the long-wheelbase model. The new model will carry the 740e (or 740Le for the stretched version) iPerformance moniker. BMW also confirmed to Autoblog that the models will be available in August starting at $90,095. Drivers concerned about letting everyone know they have the most high-tech and environmentally friendly 7 Series will be happy to know that BMW has visually distinguished the hybrid. The car will carry eDrive and i badges as well as exclusive blue grille bars and hub covers. And for potential owners wishing to make a personal statement, all the other styling kits available on the normal 7 Series are also available on the hybrid. Speaking of the exterior, know that the laser headlights available in Europe will not make the trip here. Mechanically, the big Bimmer is propelled by a 2.0-liter inline four coupled to an electric motor to make a combined 326 horsepower and 369 lb-ft of torque. Power is transferred through an 8-speed automatic to either the rear wheels or all four. The electric motor, depending on configuration, can provide between 25 and 30 miles of driving on a full charge. That full charge also comes in under four hours using the standard wall charger, and under three when using the BMW i Wallbox accessory charger. When performance trumps frugality, the quickest 740Le xDrive iPerformance can hit 62 miles per hour in a claimed 5.3 seconds while it's two-wheel-drive counterparts are only 1 to 2 tenths slower. Drivers will also have a remarkable amount of control in how the drivetrain doles out power. An eDrive button will allow the driver to choose between Auto and Max settings. The former is the default setting that attempts to maximize range, but will engage the gasoline engine at 50 mph or under heavy throttle usage. The latter shifts to electric-only mode and can remain a pure EV up to 87 mph. It will still engage the combustion engine if the driver floors the throttle. Other features that control power usage are the new Adaptive driving mode and Battery Control function.

Weekly Recap: The divergent paths of Tesla and Fisker

There's no doubt that Tesla is downshifting while Fisker has been grinding its gears. But it wasn't always that way.
In the wake of Tesla's recent success, it's easy to forget that there were once two California electric carmakers with bright futures.