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Rolls-Royce confirms Wraith convertible for 2015

Until a few years ago, the Rolls-Royce product portfolio revolved around one model line, and that was the Phantom. But with the launch of the Ghost in 2010, the Goodwood-based automaker is expanding further. As with the Phantom line, a long-wheelbase Ghost ensued, followed by a coupe in the form of the Wraith. And now, as might have been expected, Rolls-Royce has reportedly confirmed development of a new convertible based on the same platform.
The new cabrio will be based closely on the Wraith, only with a convertible roof. Expect the same 6.6-liter twin-turbo V12 that powers the Wraith to carry over with the same 624-horsepower output - the highest of any production Rolls-Royce - but with a bit more weight to push, the convertible ought to be a bit more sluggish off the line than the Wraith's 4.4-second 0-60 time.
We can also expect a higher sticker price, but closer to the Wraith's $320,000 MSRP than the Phantom Drophead Coupe's $470k. Whether Rolls opts to call it the Wraith DHC or use another nameplate entirely remains to be seen, but Autocar reports that the new Rolls cabrio won't arrive until 2015, so we've got a little while to go.

Rick Ross crashes Rolls-Royce in drive-by attempt [w/video]

Rap star and exotic-car enthusiast, Rick Ross, had a double-close call on Monday morning, escaping harm in what appears to be an attempted drive-by shooting.
According to Fort Lauderdale Police, Ross was driving his 2011 Rolls-Royce Ghost (pictured) with his girlfriend, Shateria Moragne-el, as a passenger at 5:00 AM on Monday. An unnamed gunman in another vehicle opened fire on Ross' car, causing the rapper to turn a corner, lose control of the vehicle and eventually crash into the wall of an apartment complex. Neither Ross nor Moragne-el was injured, despite reports that "dozens" of ammo casings were found at the crime scene.
Ross had been out celebrating his birthday on Sunday night; at nearby restaurant Floridian and a club called LIV in Miami Beach. Reports indicate that the restaurant was also the target of gunfire - some 15 shots that "sounded like they came from a high-powered rifle."

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.