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BMW showing all eight of its 'hommage' vehicles at Villa d'Este

BMW is paying a tribute of sorts to its tribute vehicles by bringing together all eight "hommage" concept vehicles for the first time. BMW will exhibit its hommage cars and bikes at the Concorso d'Eleganza Villa d'Este, which takes place near Italy's Lake Como this weekend. The vehicles will be shown off in the Padiglione Centrale at Villa Erba as part of BMW's "The Next 100 Years" campaign. BMW's first tribute vehicle was 1997's MINI ACV (Anniversary Concept Vehicle) 30, a two-seat, mid-engined, right-hand-drive car that the automaker produced to pay tribute to the UK brand's past while hinting at what BMW would subsequently do with the iconic badge. The automaker followed with its BMW Concept Coupe Mille Miglia in 2006, and then officially started grouping the concept cars in 2008 under the hommage designation with the introduction of the BMW M1 Hommage. That car marked the 30th anniversary of the original BMW M1. View 17 Photos Since then, there have been the BMW 328 Hommage (2011), the BMW Concept Ninety motorcycle (2013), and the BMW 3.0 CSL Hommage (2015). In addition to paying tribute to the iconic 1970s-era coupe, last year's concept car showed off advances the company has made in its light-weighting efforts. This year, BMW is adding the BMW 2002 and BMW Motorrad R 5 Hommage to the party. The Concorso d'Eleganza Villa d'Este also features about 50 historic cars built between the 1920s and 1980s. For more information from BMW, take a look at the press release below. Tradition as inspiration. The BMW Group's Hommage vehicles come together for the first time at the Concorso d'Eleganza Villa d'Este 2016. Munich/Cernobbio. With BMW's centenary headline "The Next 100 Years" in mind, the BMW Group is bringing together, for the first time, the full line-up of Hommage vehicles unveiled over recent years. They will be joined on display at a special exhibition titled "Hommage and Concept Vehicles" in the Padiglione Centrale at Villa Erba by the models from the past that inspired them. Munich/Cernobbio. With BMW's centenary headline "The Next 100 Years" in mind, the BMW Group is bringing together, for the first time, the full line-up of Hommage vehicles unveiled over recent years. They will be joined on display at a special exhibition titled "Hommage and Concept Vehicles" in the Padiglione Centrale at Villa Erba by the models from the past that inspired them.

BMW names new CEO, chairman and head of development

Big changes are afoot in the top ranks at BMW, as the Bavarian automaker has announced not just one, but several appointments in the top floors of its towering headquarters in Munich in what the company itself is referring as "a generational change" in its leadership. The biggest change relates to the chairman of BMW's management board – German-speak for the company's chief executive officer. Effective at the end of the company's Annual General Meeting on May 13, 2015, the company will be run by Harald Kruger. The 49-year-old mechanical engineer has been with BMW since 1992 and has sat on its board since 2008, and has until now been responsible for production for the entire BMW Group. The chairmanship of the board of management currently belongs to Dr. Norbert Reithofer, whom the management is endorsing to chair the supervisory board (which Americans might call the board of directors). That role in turn is currently held by Professor Joachim Milberg, who will step down from his position in order to make way for Reithofer to take his place. Milberg is earmarked to remain with the company to oversee its corporate social responsibility and charitable activities. BMW has also announced the appointment of Klaus Frohlich to serve as its head of development with immediate effect. In his new capacity, Frohlich replaces Dr. Herbert Diess, who in turn has left Munich to take over the Volkswagen passenger car division. Below you'll find statements from both BMW and VW on their new appointments. BMW Group takes steps to initiate a generational change at the head of the Board of Management and Supervisory Board 09.12.2014 - Harald Kruger to become Chairman of the Board of Management in May 2015 - Dr. Norbert Reithofer proposed to succeed as Chairman of the Supervisory Board - Prof. Joachim Milberg to take leading role in the BMW Group's worldwide CSR activities and charitable foundations - Klaus Frohlich appointed to Board of Management with responsibility for Development Munich . At its meeting today, the Supervisory Board of BMW AG took the first steps to initiate a generational change at the head of the company's Board of Management and Supervisory Board. Harald Kruger will become Chairman of the Board of Management effective the end of the Annual General Meeting on 13 May 2015. The current Chairman of the Board of Management, Dr. Norbert Reithofer, will be put forward for election to the Supervisory Board at the 2015 Annual General Meeting.

Car subscription services: A slow, expensive start — but the potential is huge

Americans are used to paying for subscriptions — to magazines and cable television, for instance — but experience shows they'll cancel when the price of admission gets too high, or there are more tempting alternatives. Cord cutters ditched nearly 1.5 million pay-TV subscriptions in 2017, according to a survey by Leichtman Research Group. Cable TV started out cheap with basic offerings, and then got expensive. The auto industry's subscription offerings are new, but they're starting out costly, and not price-competitive with traditional leasing. The upside is that they take the hassle out of car ownership for busy people by letting the service take care of maintenance, insurance, licensing and taxes. And they give consumers choice, often allowing relatively painless switches between different cars in the automakers' lineup. Subscription services also point the way toward an ownership-free auto experience, and offer an easy transition to a potential world where ride- and car-sharing will be dominant. Subscriptions are here to stay, but consumers may take a while to "get" them. Lincoln's subscription service for lightly used 2015 to 2017 models, offered through the Ford-owned Canvas beginning this year, got off to a slow start. Many early subscribers canceled. Last month, Cadillac announced it would " temporarily pause" its $1,800-per-month Book subscription service for "adjustments" as of December 1. According to the Wall Street Journal, "Snags with the back-end technology used to support the service made some customer-service functions tedious and time-consuming, adding costs for the company." The challenge for automakers is to come up with a strategy that offers consumers a compelling, affordable option to regular ownership, and one that can also make a profit. I think they'll find that sweet spot, but they're not there yet. Jack Nerad, former executive editorial director at Kelley Blue Book and author of " The Complete Idiot's Guide to Buying or Leasing a Car," points out that "A lot of people expected that subscriptions would be very valuable for people who wanted inexpensive transportation, but the reality is quite the opposite. Subscriptions are offering more choices for the wealthy.