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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.

Ford Expedition, F-150 Limited and Cadillac V Series | Autoblog Podcast #583

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Assistant Editor Zac Palmer. First, they talk about the cars they've been driving, including the Ford Expedition, Ford F-150 Limited and the Mini Cooper JCW Knights Edition. Then they discuss the news, including Ian Callum stepping down from Jaguar, Cadillac's V cars and the latest in the saga between FCA and Renault. Autoblog Podcast #583 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: Ford Expedition Ford F-150 Limited Mini Cooper JCW Knights Edition Ian Callum resigns from Jaguar Cadillac V FCA backs down from Renault merger talks Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Third-generation Mini Countryman looks all grown up in official spy shots

Mini's Countryman crossover is about to receive a significant makeover. While the third-generation model won't make its debut until later in 2023, the BMW-owned company published a set of official "spy" shots to preview the model and released details about where it will be built. Although the original Mini released in 1959 is an emblem of the British car industry, BMW is responsible for successfully transforming the model line into a full-fledged brand, and the third-generation Countryman will roll off the assembly line with a "made in Germany" label. It will be built alongside the 1 Series, the 2 Series Gran Coupe, and the 2 Series Active Tourer in Leipzig, Germany, so it will be the first German-built Mini (the current-generation Countryman is made in Holland). It will also stand out as the first Mini built under the same roof as BMWs. The crossover remains fully camouflaged, but it looks bigger and more rugged than the outgoing model; it notably sits higher and has a less tapered roof line. While the psychedelic black and yellow wrap hides most of the finer design details, we can tell that the Countryman loses the clamshell hood, but keeps the thick headlight bezels that have characterized the nameplate since its 21st-century reboot in 2010. The exterior door handles are now mounted flush with the door skins, and the big sensor in the grille hints at a wide selection of driving aids. Mini hasn't released technical specifications, but it clarified that gasoline- and battery-powered versions of the next Countryman will be available. An unverified report claims that the lineup will also include a gasoline-electric plug-in hybrid drivetrain rated at about 322 horsepower. Front-wheel-drive will come standard, and all-wheel-drive will be either optional or standard on more expensive powertrains. BMW will begin building the next Mini Countryman in late 2023, and we expect to hear more about the model in the coming months.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.