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Rolls-Royce releases sketch of Phantom Drophead Coupe Bespoke Waterspeed Collection

A limited-edition Rolls-Royce Phantom is something of an oxymoron. The company only sold 3,630 cars last year, and even fewer of those were its flagship Phantom. However, that isn't keeping the company from regularly revealing even more limited editions of its already hyper-exclusive cars. This is precisely the case with the new Phantom Drophead Coupé Bespoke Waterspeed Collection, a forthcoming model limited to 35 examples.
The special models are inspired by a famous speedboat race on September 1, 1937, between the United States and Great Britain on Lake Maggiore on the Swiss-Italian border. The British fielded the Bluebird K3 hydroplane boat powered by a massive supercharged V12 Rolls-Royce R-Type engine with Sir Malcolm Campbell at the helm. All that displacement shot the sleek watercraft to 129.5 miles per hour, claiming a new world waterspeed record in the process.
For the special commemorative Drophead Coupé model that celebrates "a seminal act of British daring and endeavor," Rolls-Royce is finishing the convertible in Maggiore Blue paint with a brushed steel hood and tonneau cover, along with inlaid wood trim. Rolls is not announcing an official release date or price for the special cars yet, but they are going on sale before the end of the year. Scroll down for the whole story about the car's inspiration.

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.

Rolls-Royce readying Wraith convertible

For seven years, Rolls-Royce got by on the Phantom line alone, expanding on the original saloon with a long-wheelbase version, a coupe and the convertible. But now that the Ghost is part of the family, Goodwood seems to be following a similar expansion.
What started with the Ghost sedan has since been joined by the extended-wheelbase model and the Wraith fastback coupe. And now we're receiving spy shots of a Wraith-based convertible undergoing testing.
Potentially to be called the Wraith Drophead Coupe like its larger Phantom-based counterpart, the cabrio is likely to borrow much from the Wraith fastback - including its 6.6-liter twin-turbo V12 producing 624 horsepower and 590 pound-feet of torque - but with a folding cloth roof mechanism to let the wind and engine note in, although the prototype pictured here is wearing a makeshift hardtop.