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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 goes all Occulus Rift with Augmented Vision glasses [w/video]

If April Fools' Day hadn't already passed, this might have come off as a joke. For the upcoming Shanghai Motor Show, Mini has a prototype for an augmented reality system, and the tech looks absolutely bizarre. Developed in conjunction with Qualcomm, driver's don goggles that look like a cross between Google Glass and something a World War I aviator might wear, and being behind the wheel suddenly becomes almost like a video game. Called Augmented Vision, some of its features are similar to contemporary HUD systems, with displays of vehicle speed and navigation data, but this literally puts the info right in front of the driver's eye. There're sci-fi features too, like displaying floating arrows on the road to indicate where to turn to reach a destination, and perhaps coolest of all, the X-ray view lets you look through the car's doors and pillars to see outside. As a prototype, we wonder how much of this is nearly possible today and what's pure fantasy. See Mini's idea for the future of motoring for yourself in the clip below. Hopefully, we don't all have to wear such goofy looking glasses foe future tech, though. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. MINI AUGMENTED VISION: A REVOLUTIONARY DISPLAY CONCEPT OFFERING ENHANCED COMFORT AND SAFETY. Exclusive prototype of augmented reality eyewear underlines the innovative flair and creativity of the MINI brand. Munich, Germany, April 9, 2015. MINI is revealing the shape of things to come at the Auto Shanghai show with a pioneering innovation. "MINI Augmented Vision gives an insight into how intelligent connectivity between a MINI car and eyewear into which relevant content is projected might work in the future," explains Dr. Jorg Preissinger, project-manager MINI Augmented Vision, BMW Group research and technology. "Working with several Qualcomm companies, we have created an interlinked system and augmented reality eyewear with a characteristic MINI design that revolutionise the experience both in and outside the vehicle. This prototype with its customised, interactive functions succeeds in fusing augmented reality with the brand's trademark sense of lifestyle." Using see-through technology, the AR eyewear shows relevant information in the driver's direct field of vision but without concealing other road users, thereby serving to increase safety and comfort while driving.

Mini confirms the Clubman won't return for a third generation

Mini is in the process of overhauling its range, and it unveiled the new Cooper hatchback and the third-generation Countryman at the 2023 Munich auto show. While additional models are in the pipeline, the BMW-owned brand has confirmed that the Clubman wagon won't return. "I wouldn't say the space is filled, but we will not have a Clubman," company boss Stefanie Wurst told Top Gear. She added that the brand will instead focus on crossovers and SUVs. "The Aceman is a smaller concept, but I think the five-door space (if not the six-door) is filled well by the Countryman and the Aceman. If you look at the sales numbers worldwide, the Countryman doubles the Clubman," she added. Her argument holds water: broadly speaking, buyers in the United States and in China — two very important markets for Mini — prefer crossovers and SUVs over station wagons by a significant margin. Even in Europe, where the wagon held its ground for much longer than elsewhere, the fight is seemingly lost: new SUV sales grew by 23% during the first half of 2023, and the body style now accounts for over half of the market with a share of 51%. It's the first time this has happened. In contrast, that figure stood at 48% during the first half of 2022. If the name Aceman doesn't ring a bell, it's likely because the model hasn't made its debut yet. It's due out in the coming months as a small crossover positioned below the new Countryman and offered exclusively with an electric powertrain. It was previewed by a concept in July 2022, and spy shots taken later that year suggest that its exterior design won't significantly change as it transitions to a production model. Pour one out for the Clubman, then, and act fast if you want to put a new one in your garage. Mini unveiled a Final Edition model (pictured) that's limited to less than 100 units for the American market, highly equipped, and priced at nearly $50,000 in April 2023. While you're at it, pour one out for the manual transmission: Mini has previously confirmed that it's also ditching the stick-shift as part of its line-up overhaul. Featured Gallery 2023 Mini Clubman Final Edition View 35 Photos MINI Wagon