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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.

Even in a down economy, Rolls-Royce is on a roll

Limited Volume, Big Margins Spell Success
Bigger isn't always better, especially when it comes to selling super luxury. Rolls-Royce CEO Torsten Müller-Ötvös expects the British automaker to again post a record year, despite the economic troubles in Europe and weak growth in both the US and China.
"It is not all doom and gloom out there," Müller-Ötvös explains, noting that the declining sales in Europe and elsewhere have been offset by good performance for the marque in the Middle East, Japan, Singapore, Hong Kong and Russia.

Rolls-Royce spotted testing even sportier Wraith

A Rolls-Royce is not what you'd typically consider to be "sporty." Luxurious. Stately. Even powerful, packed as they are with twelve-cylinder engines displacing in excess of six and a half liters. The Wraith set out to change that with a sportier package, more rakish profile and an even more potent version of the Ghost's 6.6-liter twin-turbo V12 to make it the fastest and most powerful Rolls-Royce ever made. But now it seems Goodwood is working on an even more aggressive version.
Spotted undergoing testing in parent company BMW's home country of Germany, this particular Wraith might strike you as the same one we've already seen, save for a few telltale details. It may be wearing the same rolling stock as the existing model, with what look like the same tailpipes protruding ever so elegantly around back, but at the bottom of the front bumper and atop the rear trunklid you'll notice more assertive spoilers added on.
To what end, we cannot be certain, but our spotters on the ground seem to think this is a prototype for a more extreme version of the Wraith - possibly inspired by the attention garnered by the Bentley Continental GT3-R. Could we be looking at a Wraith V-Specification like we saw with the Ghost? We'll have to wait to find out for sure, but in the meantime you can scope out the virtually undisguised prototype in the gallery of high-resolution spy shots above.