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Toyota passes BMW as most valuable car brand

An annual market study of the strongest brands across various industries has seen Toyota leapfrog BMW as the world's most valuable automotive brand. Toyota's 2013 brand value rose to $24.5 billion, up 12 percent versus 2012 numbers according to market research company Millward Brown's BrandZ Top 100 Most Valuable Global Brands list. BMW's value fell slightly; down by 2 percent to a total of $24 billion.
Mercedes-Benz finished in third place in the automotive category, up 11 percent from 2012 for a valuation of $18 billion. Honda ($12.4 billion, down 2 percent) and Nissan ($10.2 billion, up 3 percent) rounded out the top five for the category. Volkswagen was the only other auto brand that finished in the top 100 overall, in 100th place. Audi made the greatest percentage gain over 2012, up 18 percent to $5.5 billion, but finished outside of the top 100.
Technology companies dominated the overall list, with Apple, Google and IBM ranking one through three. Couture brand Prada was 2013's biggest gainer, rising by 63 percent over 2012.

BMW recalls diesel X5 models over fuel filter heater

BMW has announced that it is recalling 1,540 examples of its 2009 and 2010 X5 xDrive35d crossovers produced between June 13, 2009 and November 9, 2009.
According to the National Highway Traffic Safety Administration, the model's fuel filter heater, which warms up the diesel fuel at low outside temperatures, can experience an electrical overload condition that may cause it to become permanently activated. This means the fuel filter heater could remain activated even when the ignition is off, which could lead to a dead battery. It could also lead to overheating, possibly resulting in a fire.

BMW readying Spartanburg expansion for X7 production

Prior to the debut of the original X5 in 1999, the idea of a BMW crossover might have seemed like heresy. But here we are, fifteen years removed from the Frank Stephenson-penned design, and the Bavarian automaker has expanded its crossover lineup to include the X1, X3, X4 and X6, and it's showing no sign of slowing down.
We recently reported that BMW is planning on slotting an X2 in at the bottom of the range between the X1 and X3, but now it's being widely reported that it's got an even larger one to put in at the top of its utility line. That, of course, would be the X7, a long-rumored three-row model that would give BMW a large family hauler to challenge the Mercedes-Benz GL.
According to The Wall Street Journal, BMW is expanding its assembly plant in Spartanburg, South Carolina, to accommodate production of the X7 alongside the X3, X4 and X5 that it already builds there for local consumption.