1974 Austin Mini on 2040-cars

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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.

Road & Track names its 2013 Performance Car of the Year

Road & Track recently staged its first annual Performance Car of the Year test, pitting 13 new and updated performance cars against each other on track, then graduating the top six to a road test before picking a winner. Additionally, the magazine staff picked the best automobiles of the year in eight categories.
But first, let's cover the PCotY segment. Here's the list of cars brought to the comparison test: Audi R8 V10 Plus; BMW 435i; BMW M6 Competition Package; Chevrolet Corvette Stingray Z51; Ferrari F12 Berlinetta; Ford Fiesta ST; Jaguar F-Type V8 S; Jaguar XFR-S; Mercedes-Benz E63 AMG S-Model Wagon; Mercedes-Benz SLS AMG Black Series; Mini John Cooper Works GP; Nissan GT-R Track Edition; and Porsche Cayman S.
To find out the results of the comparison, head over to Road & Track's website or check the press release below, where you'll also find the magazine's top-rated vehicles in eight categories. Want more? Head over to the 2013 PCotY hub. But before you do that, take a stab at guessing the winner of PCotY (we'll give you one hint: it isn't a Porsche).

Mini juices up Convertible with John Cooper Works model

Almost one year ago today, we caught our first and only look at the new Mini John Cooper Works Convertible, courtesy of a set of spy photos. Now, the new hot droptop has arrived, and no surprise, it's basically the same thing as the JCW Hardtop. The new model blends the standard three-door hardtop's 2.0-liter, 228-horsepower, 236-pound-foot, four-cylinder with the folding canvas roof of the new Mini Convertible, which debuted in October of last year. Available with a standard six-speed manual or an optional six-speed automatic, the three-pedal JCW Convertible will hit 60 in 6.4 seconds while the two-pedal will do the run a tenth of a second faster. The brawnier powertrain is backed up by a standard sport suspension – dynamic damper control is an optional extra – and convertible-specific chassis enhancements, including a new stiffening plate underneath the engine. To bring proceedings to a halt even quicker, Mini attached JCW-specific Brembo brakes. There's also the usual array of interior and exterior enhancements. Outside, there's a sportier body kit, standard, JCW-specific 17-inch wheels (or optional 18s), and standard LED headlamps. We're aching to try out the new JCW sport seats, which feature a fixed headrest and some serious bolstering. They're also rocking a pretty nifty black-and-red color scheme. Mini has paired its latest announcement with a full pricing release for the Cooper, Cooper S, and JCW Convertibles. Adding the softtop kicks up the price $5,000 to $5,500, with the base model starting at $26,800. The S model just barely cracks the $30,000 mark, coming in at $30,450, while the Works model is $36,450. That, friends, is a lot of money, and you'll be putting it down before even dipping into Mini's deep options catalog. Read on for both official press releases from Mini. EXTREME DRIVING FUN, INTENSIVE OPEN-AIR PLEASURE: INTRODUCING THE NEW MINI JOHN COOPER WORKS CONVERTIBLE Woodcliff Lake, NJ – January 14, 2016... When passion for motor racing is the driving force and intense open-air pleasure the goal, the new MINI John Cooper Works Convertible takes the ideal line from the word go. The second John Cooper Works model of the latest generation combines engine and suspension technology optimized for use on the race track with distinctive design and equipment features as well as the extensively refined qualities of the new MINI Convertible.