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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.

eBay Find of the Day: Andy Warhol's 1974 Rolls-Royce Silver Shadow

Andy Warhol is one of the most recognizable artists of the 20th Century. With hits like his famous Campbell's soup cans and Marilyn Monroe portraits, he is likely the first name you think of in association with the pop art movement. He isn't known for being an auto enthusiast, though, but maybe that's not entirely the case - there was his BMW M1 art car, after all. Now, Warhol's 1974 Rolls-Royce Silver Shadow is up for auction on eBay Motors.
According the seller, Warhol never had a driver's license, but he still wanted to own a luxurious car. It's claimed that he occasionally had his famous friends, including Jacqueline Kennedy Onassis, chauffeur him around in the Rolls. Following Warhol's death in 1987, the car was auctioned for $77,000, and since then it has only been sold to one additional owner.
The Rolls is painted Walnut and Mason's Black, which appears closer to a shade of brown in these photos, with a black leather interior. The engine is the company's' popular 6.75-liter V8 with a three-speed automatic transmission, and there are just 56,000 miles on this luxurious classic. The seller is including copies of original purchase order from Rolls-Royce and the title to Warhol Enterprises to prove the famous artist's ownership of the car, plus all of its service records.

Rolls-Royce SUV depends on fortunes of BMW X7

The on-again, off-again discussion regarding the rumored Rolls-Royce SUV seems to be back in the "maybe" camp now. In February, we heard that Rolls-Royce was considering adding an SUV, but then in April, another report said that these rumors had been shot down. Automobile is now saying that this ultra-luxury SUV could be determined by the success of the equally uncertain BMW X7 (on which the R-R SUV would be based), which we've heard little on since 2011.
Although the article is based solely on speculation, there are some interesting details about such a potential Rolls-Royce, including a plug-in hybrid drivetrain using a twin-turbo V8 (not a V12) and a chassis and body built in South Carolina with final assembly taking place in Goodwood - where all Rolls-Royce cars are built. We could also assume that a green light for a Rolls-Royce SUV would be based on the success of rival SUVs like the Bentley Falcon and Maserati Levante.