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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.

Mini Clubman All4 Scrambler Concept is the big Mini we want

Mini of Italy built a butch version of the Clubman for the 2016 Valentino Park Motor Show. Called the All4 Scrambler, it's what happens when a Mini takes inspiration from a BMW R Nine T Scrambler motorcycle. We must say, we like this brutish little car. The matte paint is Frozen Grey, a favorite of BMW's high-performance M cars, while the roof is black. There's a luggage rack up there, and the old-school leather suitcase in the cargo area looks like it'd be right at home strapped to the back of an touring bike like the R Nine T Scrambler. In fact, the best thing about this Clubman is the way Mini of Italy has blended the motorcycle's characteristics into a compact wagon. The knobbly tires are more aggressive than the R Nine T, but the overall aesthetic effect is the same. The rubber looks sporty and, unlike the production Clubman, they do a better job of filling out the wheel wells. Add in the rally lights and It's a great look. It's harder to see in these images, but there's also a matte black applique on the front and rear bumpers, side sills, and around the wheel arches. It's a practical move, of course, but it's also makes for a nice, aggressive effect. Mini's tweaks in the cabin are modest. The Nappa leather and Alcantara upholstery comes in a rich tan shade meant to mimic the R Nine T's seat. It looks so good we wish Mini offered some version of the color on the production Clubman – every car should have a tan leather option. The headliner gets an Alcantara finish, too. Overall, Mini of Italy has built a handsome, production-based concept. Buon lavoro, I miei amici. Related Video:

BMW strategy gets green with future i8 Roadster, PHEV Mini

Recent concepts like the Vision Next 100 have signaled BMW's plan to become a leader in automotive tech in the near future, but the Bavarian automaker added some concrete details to that strategy during the company's annual press conference. The business promises there are updated i models and more plug-in hybrids on the way, and a vehicle called the iNext could bring an autonomous EV to the road early next decade. Before we see any completely new vehicles, look for BMW to refine its current green models. Later this year, the i3 will get a larger battery capacity, which will increase the hatchback's range. After seemingly endless teasing, the BMW i8 Roadster will finally arrive in 2018, according to a slide during the conference. The company will also launch a plug-in hybrid Mini, but it didn't give a specific arrival date. At the beginning of the next decade, BMW will also introduce a fully autonomous i model. At the beginning of the next decade, BMW will also introduce a fully autonomous i model, which it currently calls the iNext. "BMW iNEXT heralds the next era of mobility," company CEO Harald Kruger said. "This symbol of our technology leadership will demonstrate how we will bring the future of mobility into series production." BMW refers to its research into autonomous driving as Project i 2.0. Just as the initial development of the i models led to better EV tech and innovations in carbon fiber, the new undertaking should result in improvements to networked motoring and driverless tech for the iNext. The company plans to focus on high definition digital maps, sensor technology, cloud technology, and artificial intelligence. The company's product plan for the i range doesn't show any vehicles between the i8 Roadster in 2018 and the iNext early next decade. Perhaps the new model is the fruition of the many rumors about a family-oriented i5. As BMW eyes the future, it still sees the combustion engine as an important tool for the present, and there are still more traditional models to look forward to. Without offering any details, BMW promises more M models are under development. The larger X7 CUV will also arrive soon, and there'll possibly be even more crossovers, too. "We are also taking an in-depth look at the additional potential of this highly attractive segment," Kruger said.