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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.

2016 BMW 650i Coupe Beauty-Roll

For those of you paying attention, we've really ramped up the old Autoblog video game these days. Our new series Car Club USA joins Translogic and The List, and there are more Daily Drivers and Short Cuts than ever. But sometimes, all you care about is the car. The Autoblog Beauty-Roll video series has one goal: bring you glossy videos of cars, and nothing but. We're collecting moving pictures of all the cars we test, inside and out. Each episode comes with a hit of engine sound – start-up and with a few revs – to round out the package. Set your resolution to max, kick it into full-screen, turn up the sound, and enjoy today's subject, the 2016 BMW 650i coupe. Oh, and if you'd like more Beauty-Roll, click here to see the back catalog.

BMW will be featured marque at 2016 Goodwood Festival of Speed

As part of BMW's centenary celebration, it has been named the featured marque at the 2016 Goodwood Festival of Speed. That means we'll see plenty of Bimmers on track, but it also means a few will be hoisted in the air on this year's version of the famous Gerry Judah sculpture. That sculpture takes center stage on the Goodwood House's front lawn, blending metal with actual automotive machinery for a striking display that serves as the centerpiece for the entire Festival of Speed. This year, it will feature three race-ready BMWs – the 328 Mille Miglia Roadster, a Brabham-BMW BT52 Formula 1 car, and a Le Mans-winning V12 LMR. Consider the racing bases covered. And since this is England, it's only fitting that Rolls-Royce and Mini will stand alongside their parent company during this year's event – Rolls-Royce is headquartered down the road. BMW Motorrad will feature prominently, as well, and the M Brand will have its own "M Avenue," which will feature M cars sold over the past 40 years, including more than a few of the M cars our editors chose in their list of the greatest BMWs. You can also expect BMW's birthday present to itself, the futuristic Vision Next 100 concept, to receive a prominent placement at Goodwood. And of course historical and modern BMW models will be taking to the Goodwood Hill Climb course alongside the usual slate of performance vehicles, racecars, and concept vehicles from other brands. The 2016 Goodwood Festival of Speed runs from June 23 to 26. Related Video: