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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.

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 planning plug-in hybrid

Rolls-Royce is not the first marque you'd think of when it comes to environmentally friendly transportation. Its cars are big - often the size of SUVs - and pack ginormous twelve-cylinder engines displacing over six and a half liters. Those upright Parthenon grilles can't be very aerodynamic, either. But the way the wind is blowing these days, Goodwood will have to get with the program sooner or later.
It developed an electric version of the Phantom a couple of years ago called the 102EX and showed it to customers around the world. But people weren't interested, so Rolls-Royce killed the program. Not to be deterred, however, Rolls is now said to be working on a plug-in hybrid that would countermand some of the shortcomings - like range and recharging times - that killed the 102EX.
The technology would apparently be borrowed from parent company BMW which is developing it for the X5 eDrive and allow Rolls-Royce to reduce its carbon footprint and offer a more environmentally friendly mode of transportation to those who don't want to skimp on the luxury and prestige.