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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.

Mini hops on the rooftop tent craze

Among the many changes ushered in by the pandemic year, has been an explosion in the popularity of camping. But even more so than camping trailers and RVs, rooftop automobile tents seem to be having their moment. Everyone, it seems, suddenly wants to sleep on the roof of their car. Most often, we see these tents perched atop some tricked-out overlanding rig or at the very least, a factory offroader like the Land Rover Defender or Ford Bronco. But how about a more earth-friendly option? Like, say, getting back to nature in a battery-powered Mini? Both the battery-powered Mini Cooper SE and the plug-in hybrid Mini Countryman SE offer roof rails, a key foundation for a rooftop tent. Taking advantage of that feature, Mini offers two different rooftop tents as factory accessories, as seen here. Unfortunately, as of now, they're only available in Europe. The intrepid nature-lovers better not go too far from civilization in the Cooper SE, since it has just 110 miles of range (according to the EPA) — although Mini optimistically suggests that many campgrounds now have EV charging points, so you can power up while winding down. For its part, the plug-in hybrid Countryman SE claims 17 miles of EV range before the gasoline engine fires up. Should the rooftop tent craze continue even after people once again feel safe checking into a Ritz-Carlton, it would be great to see more offerings that are designed for smaller host vehicles. After all, eco-friendly cars would seem to be thematically aligned with the nature appreciation that's inherently a part of camping. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

More stick shift models added to MINI's 2024 lineup

While automotive journalists have called in recent years for their industry and consumers to “save the manuals," their campaigns for manual transmissions have fallen mostly on deaf ears. Except at MINI. No surprise. The take rate for a stick shift in a Mini is said to be 18% to 20%, and in John Cooper Works models, it's more like 40%. The figure for the auto industry in general is 1.4%, meaning that driving stick is all but a lost art — unless you're driving a Mini, or say, a VW GTI or Golf R. In a presentation this week detailing the changes and specifications of MINIs for the 2024 model year, one revelation stands out: additional hardtop and convertible models that can be ordered with stick shifts. Specifically, the list includes MINI Cooper convertible, the Cooper S ragtop, the Cooper four-door hardtop and four-door Cooper S. Production of those cars is scheduled to begin in March. In November, MINI USA, which is part of the BMW organization, announced the return of manuals in its Cooper, Cooper S and John Cooper Works 2-door hardtops. Here's a pricing breakdown: Regarding other updates announced, MINI will continue to offer “special” editions — Untamed, Untold and Resolute — that launched a year ago and received additional enhancements in November that included new body colors, interior upholsteries, and engine variants. These three editions can be had on the respective models equipped with the Iconic Trim. MINI also says it will reintroduce the base Classic Trim to all Hardtop, Clubman, and Countryman models, and the Signature Trim will feature MINI Navigation as included equipment, with Advanced Real Time Traffic Information built in. In December, the company introduced a pair of tricked-out convertibles named the "Seaside Edition" that can be optioned in Nanuq White or Caribbean Aqua colors. Those models should be hitting dealers right about now, MINI says.