2013 Bmw M3 Base Coupe 2-door 4.0l With Dinan Performance Mods on 2040-cars

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Recharge Wrap-up: BMW i sales hit 50k, SsangYong SIV-2 concept

BMW sold its 50,000th i car in January. The i3, which launched in September 2013, made up roughly 83 percent of those sales. The considerably more expensive i8, which launched in June of 2014, understandably made up fewer sales. The i3 is currently sold in 49 countries, while most of the i8's sales came from the US, UK, Germany, and Norway. Through December, cumulative i3 sales reached 17,116 in the US, 5,063 in Germany, 4,494 in Norway, 3,747 in the UK and 1,348 in Switzerland. i8 sales were 2,820 in the US, 964 in the UK and 793 in Germany. BMW sold 29,513 i-Series cars in 2015, and 1,255 in January of 2016. Read more at Hybrid Cars. SsangYong will debut its SIV-2 concept at the Geneva Motor Show. The SIV-2 – which stands for Smart Interface Vehicle – uses a 48-volt mild hybrid system with a turbocharged, 1.5-liter, four-cylinder engine, 500-Wh battery pack and 10-kW electric motor. The Korean automaker says the modular SIV-2 platform can also accommodate plug-in hybrid and battery electric versions. Alongside the SIV-2, SsangYong will introduce a new Tivoli XLV crossover, based on the XLV Air concept, which is expected to offer competitive fuel economy. Read more at Green Car Reports. Worcester Polytechnic Institute is receiving a $1 million contract from the United States Advanced Battery Consortium (USABC) to make recycled plug-in hybrid batteries. The 50-percent cost-share contract will help Worcester Polytechnic scale up its recycling process to make batteries using recycled cathode material. The process, which USABC calls "novel and efficient," will make the batteries less costly than ones made with all-new material, "thereby offering a value-driven path towards improved sustainability." United States Council for Automotive Research executive director Steve Zimmer says, "These programs are critical to advancing the technology needed to meet both near- and long-term goals that will enable broader scale vehicle electrification." Read more in the press release below. USABC AWARDS $1 MILLION TO WORCESTER POLYTECHNIC TO DEVELOP PROCESS FOR RECYCLED PHEV BATTERY CELLS SOUTHFIELD, Mich., Feb.

BMW raises pricing on many models

Buyers interested in a new BMW will start paying a bit more for their Ultimate Driving Machines, beginning yesterday. The Munich, Germany-based manufacturer has announced price hikes across nearly its entire range, covering model years 2013 and 2014, that will sting higher-end customers in particular.
Price increases are enough to get any consumer riled up, but the incremental nature of BMW's increase makes it a bit easier to swallow. All 1 Series and remaining 3 Series Convertibles (including the M3 Convertible) will see a $300 increase in price. All current-generation F30 3 Series, 5 Series GT and X3 crossovers will get their price bumped by $200. $500 increases are coming for the 6 Series range (not including the M6), while the diminutive X1 gets just a $100 increase.
Cars on the losing end of the price hikes include the newest M cars, the M5 and M6 Coupe, Convertible and Gran Coupe, which are being bumped $2,000. BMW is adding $1,000 to the sticker of all Z4s and the entire X6 range, including the X6M.

Automakers are getting nervous about Europe's economy

Carmakers BMW and Stellantis on Thursday expressed concerns about Europe's economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and hitting their shares. "Obviously the macro(-economic situation) in Europe is more challenging, which gives me pause, personally," Stellantis chief financial officer Richard Palmer said on a conference call with analysts. "If there was anywhere where I was more concerned, it would be Europe than anywhere else really based on the macro." This follows a dire assessment of consumer sentiment in Europe from the likes of consumer goods company Unilever and news of lower spending by Europeans from Amazon. Like other major auto companies, Stellantis and BMW have been hit by supply chain disruptions stemming from the global coronavirus pandemic that have curtailed car production. They have also benefited from strong consumer demand amid low vehicle supply, allowing them to raise prices and keep them high even as the semiconductor shortage shows signs of easing. BMW posted a 35.3% jump in third-quarter revenue despite a small drop in vehicle sales. Stellantis said its revenue rose 29% on the back of a 13% increase in vehicle sales as more semiconductors became available. The concern among analysts has been that demand may falter, just as carmakers get their hands on the supplies they need, undermining pricing and hurting profits. But this week Ferrari said it was confident about its prospects for this year and 2023 as demand for its luxury cars, as well its pricing power, remained strong. Both BMW and Stellantis said on Thursday they had vehicle order books that stretched into the second quarter of 2023. But BMW's chief financial officer Nicolas Peter said high inflation and rising interest rates could hit buyers' wallets. "This is causing conditions for consumers to deteriorate, which will affect their behaviour in the coming months," he said. "We therefore continue to expect our higher-than-average order books to normalise, especially in Europe." He added customers had been unhappy about the wait for new cars, so "a slight reduction (in orders) would not be negative." Palmer said Stellantis was "ready for any softness in demand" but in the short term had been affected by a shortage of drivers to deliver its cars to dealers. "At the moment, we can't build enough cars," he said.