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Rolls-Royce developing new convertible

Rolls-Royce is not a company that makes a lot of different vehicles, but of the ones it does, it tends to offer several versions. That's how we end up with sedan, long-wheelbase, coupe and (in the former's case) convertible versions of the Phantom and Ghost. And now Goodwood has confirmed development of another model.
Although details in the press release below are few and far between, it does promise to "deliver effortless, open-top touring... with an engaging and exhilarating driving experience." CEO Torsten Müller-Ötvös added: "We are currently developing an exciting and thoroughly contemporary interpretation of a pinnacle drophead tourer which will introduce even more discerning men and women to Rolls-Royce ownership."
What that tells us is that the new model - set to reach showrooms "by mid-2016" - will be a convertible that's exciting to drive and more youthful than the Phantom Drophead Coupe. In other words, and in all likelihood, we're looking at the convertible version of the Ghost-based Wraith fastback (like the one we recently spotted undergoing testing, pictured above). Expect it, then, to carry the same 6.6-liter twin-turbo V12, but with the added rush of wind in your hair.

Rolls-Royce Wraith revealed, ready to battle Bentley

Bentley may have rounded out the redesign of its Continental line of cars with the new Flying Spur four-door's debut at this week's Geneva Motor Show, but Rolls-Royce has shown up in Switzerland with the Wraith, a GT coupe version of the Ghost sedan that moves the brand one step closer to having an answer for everything that wears a Flying B.
The Wraith's natural combatant would be Bentley's Continental GT Coupe, though as all Rollers come in orders of magnitude more expensive than their already costly competitors from Crewe, the new coupe's €245,000 initial starting price will be $100k USD more than the base price of the most expensive Continental, a GT Speed coupe.
What your CEO bonus money will get you is a 624-bhp V12 engine cranking out 590 pound-feet of torque. The sprint to 60 miles per hour will pass by in 4.4 seconds, with a unique 8-speed ZF automatic transmission snapping off shifts using a new Satellite Aided Transmission technology that works with GPS to pre-select the right gear for not only the road you're on, but the road you'll be coming up on ahead.

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.