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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.

Rolls-Royce Cullinan's Viewing Suite seats are its tailgate party trick

It's one thing to flip down the rear bench of a Chrysler Town & Country parked at a scenic spot, sit on the folded-down backrest and look at the sunset. It's another thing to park a Rolls-Royce Cullinan on a similarly scenic spot and utilize the, ahem, Rolls-Royce Viewing Suite. Deployed at a touch of a button, the Viewing Suite is formed by two rear-facing leather chairs that emerge from the Cullinan's trunk. As well as the chairs, a cocktail table is fitted on the "luxuriously comfortable viewing platform" that enables a Cullinan owner to "take in the world's most breath-taking vistas or view a sports event or even watch their children take part in their school sports day," as Rolls-Royce suggests. While not explicitly mentioned, it's probably also perfectly suitable for a tailgate party with a couple cold ones fetched from a cooler while a ballgame plays on a portable TV. But as Rolls-Royce says, "Wherever one ventures, the Rolls-Royce Cullinan Viewing Suite guarantees the best seat in the house." The Cullinan is likely to cast aside its camoflage come Geneva time next month. Recent spy shots have depicted the luxury SUV with suicide rear doors, a feature that most large SUVs do not have. Related Video: Featured Gallery Rolls-Royce Cullinan Viewing Platform Image Credit: Rolls-Royce Auto News Rolls-Royce SUV Luxury rolls-royce cullinan

Rolls-Royce to show new Cullinan SUV in 'closed-room' events

Rolls-Royce plans a series of closed-room events starting this summer to show off its upcoming ultra-luxury SUV to potential buyers ahead of its expected unveiling in late summer. Codenamed the Cullinan and described by the company as an "all-terrain, high-sided vehicle," the SUV is Rolls-Royce's answer to ultra-luxury competitors like the Bentley Bentayga and Lamborghini's new Urus. It's expected to nudge the brand's vehicle sales past 5,000 a year after sales in 2017 fell 16 percent to 3,362, Automotive News reports. Engineers are now finalizing the handling of the vehicle on Germany's Nurburgring track. The Cullinan bears the luxury brand's signature long hood, vertical-slatted grille and upright, block-like fascia. It will be built on the same aluminum platform as the Phantom and is also likely to share the 6.75-liter twin-turbo V12 that makes 563 horsepower and and eight-speed automatic transmission, only in all-wheel-drive. Sales are expected to start near the end of the year with deliveries beginning in 2019.Related Video: