1997 Bmw 528i/5 on 2040-cars

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BMW, Sixt carsharing making money most places

The DriveNow carsharing service, which is a partnership between BMW and Sixt, is growing quite rapidly. "We've been surprised about the explosion of new subscriptions, which has helped boost revenue," says Sixt CEO Erich Sixt. The number of DriveNow users has increased from 215,000 at the end of last year to 300,000 today. Sixt says that DriveNow has been profitable in cities in which it has been established for over a year. Perhaps encouraged by its unexpected success, DriveNow is set to expand even further. The service is currently available in five German cities, as well as in San Francisco, California, and the involved parties are considering a five-year plan to expand to 25 more cities in Europe and the US. Still, Sixt expects DriveNow to report a "small-to-medium, single-digit" loss for this year, according to Sixt CFO Julian zu Putlitz. It's no big deal, just the result of startup costs in new areas. Sixt, which is Germany's largest car rental company, also reported that its own second-quarter income rose 12 percent to $37.7 million, while sales rose 7.6 percent to $585.78 million. DriveNow uses a membership and pay-per-minute model that allows customers to rent BMW and Mini vehicles as they need them. The service also acts as a way to let potential customers try out the vehicles and familiarize themselves with the brands before they buy cars of their own at some point. Depending on the location, DriveNow's fleet includes the BMW 1 Series, ActiveE and X1, as well as several Mini vehicles like the Cooper, Clubman and Countryman. Featured Gallery 2012 BMW ActiveE: First Drive View 31 Photos News Source: BloombergImage Credit: Copyright 2014 AOL Green BMW MINI car sharing profit revenue drivenow sixt

2015 BMW X6 M 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 video images 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 2015 BMW X6 M.

BMW working on DCT for its FWD cars?

Having introduced its first front-wheel drive products, a report in BMW Blog says that BMW is developing a dual-clutch transmission to use in some of those vehicles. If that is the case then BMW would be catching up to its competitors, with Mercedes-Benz using its 7G-DCT in models like the CLA, and Audi putting its six-speed S-tronic in the A3 and seven-speed S tronic in the A6. Acura and Hyundai use dual-clutch gearboxes in their model lineup as well. Right now the only self-shifting option in the front-wheel-drive-based BMW X1 is an Aisin-sourced eight-speed automatic, the one we described as "perfectly fine but not a standout" that requires "some prodding to coax a downshift." The eight-speed sport transmission will be an option in late 2016, but its paddle shifters and quicker gearchanges still won't be equal to a DCT. That latter possibility would give BMW a sportier avenue of development if it did wish to create something truly athletic out of the X1 – BMW Blog muses on an X1 M40i or an X1 M (you should be past the point of shock if this happens). The Mini range could also benefit, the JCW trims currently fitted with a six-speed sport automatic being obvious candidates. Assuming Munich engineers are on the case, it is predicted that we won't see this transmission for at least two years.