• Nov 4, 2008
Click above to view high-res gallery of the BMC CS concept

The current worldwide economic climate has claimed yet another automotive casualty: the BMW Concept CS. The German automaker cites a distinct lack of profitability as the main reason the CS project has been canceled. Last quarter, the boys and girls from Bavaria returned a profit of just 1.3% from its global automotive operations, and a low-volume halo sedan like the CS would only serve to drive that figure further downward. So, expect the brand-new 7 Series to remain at the top of BMW's model lineup for now.

If not the Concept CS, what current projects are keeping BMW engineers hard at work? Efficiency, fuel consumption and vehicle emissions. As part of the company's new Strategy Number ONE (outlined after the jump), the Munich-based automaker is pushing forward its EfficientDynamics project, which should add technologies such as stop/start and hybrid drivetrains to its mainstream models. After the all-electric MINI E makes its debut at the LA Auto Show, expect BMW to work in earnest on its next city car project that could be a revival of the iconic Isetta brand.


[Sources: Automotive News - sub. req'd, BMW]

Press Release:

Quarterly Report to 30 September 2008

The performance of the BMW Group in the third quarter 2008 was perceptibly influenced by the economic downswing in the wake of the financial crisis. Ongoing consumer reticence in the main sales markets, the weak state of the used car markets as well as increasing refinancing costs had a substantial negative impact on the earnings of the BMW Group.

Model life-cycle factors affect car sales volumes.
In addition to the ongoing adverse business climate, the BMW Group's third-quarter performance was also influenced by model life-cycle factors, particularly in relation to the BMW brand. Between July and September 2008, the BMW Group sold a total of 349,098 BMW, MINI and Rolls-Royce brand cars, 4.2 ) to 1,113,972 units.

Market conditions for the motorcycle business were also difficult. The third-quarter sales volume achieved by the Motorcycles segment was nevertheless ahead of the previous year's high level. In total, 24,818 motorcycles were sold during the period (+ 5.4 short of the number sold in the corresponding period of 2007.

In the Financial Services segment a total of 2,971,437 (+ 17.0 to euro 12,588 million, reflecting the noticeable reluctance of customers to spend in the face of the crisis on international financial markets. Despite this extremely unfavourable situation, the BMW Group, with revenues of euro 40,425 million, was nevertheless able to maintain nine-month revenues at the previous year's high level. Adjusted for exchange rate factors, Group revenues for the nine-month period were up by 5.1 to euro 387 million. The profit before financial result for the nine-month period, at euro 1,639 million, also dropped steeply (- 43.6 lower than one year earlier, while that for the nine-month period fell to euro 1,522 million (- 43.3 ). The net profit for the nine-month period was 39.7 in 2010. The corresponding EBIT margin in the Automobiles segment would then be just under 6 and a return on sales of between 8 .


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    • 1 Second Ago
  • 16 Comments
      • 6 Years Ago
      No budget.
      • 6 Years Ago
      And yet they continue the plan to make ///M or high performance models of things like the X6....

      An M version of the 1 series I can understand but the X6?
      • 6 Years Ago
      In my opinion, this is a good decision. Why? because BMW is becoming overcrowded with models of all kinds (like all damn other brands), and 7 series represent the top of the pops for BMW. With CS (8 series) introduced, a 7 series (a leader of this brand) could lose a lot of its prestige, the whole thing could be like shooting itself in the knee. IMHO BMW should stick to the Apple philosophy - to not concentrate on the whole market, but to choose only a few models and make them really spectacular. I agree, the new 7 series is not quite what I expected... from the latest beemers, 3 series coupe is the only one that looks really good. They MUST put this great CS design ideology into the next model lineup though, 5 series would look great indeed (and the next 7 series hopefully)
      • 6 Years Ago
      I hope they make the next 5series look like the CS. But it's a good thing they wont make it seperately, they dont really need another sedan.
      • 6 Years Ago
      Thank God.
        • 6 Years Ago
        Agreed!

        That is one fugly ugly BMW.
      • 6 Years Ago
      DAMNIT!!!!
      • 6 Years Ago
      The CS concept was finally a new take on design for BMW, this is a real shame it won't make it to production. The 09 7 series is hardly worthy of a flagship successor. Like previous posters mentioned... they built the X6, which is a joke and they won't build something as elegant as the CS.

      Audi is looking better and better each day compared to BMW's offerings.
      • 6 Years Ago
      It is a big day in the world and the world is all the more beautiful for it: One less Bangle-ized abomination running amok on the streets is change we can all believe in!
      • 6 Years Ago
      so..M1/M10 out, CS/8-sereis out, M3 CSL out

      but...

      X5M, X6M, Progressive Activity Sedan in

      Efficient Dynamics my ass
      • 6 Years Ago
      Produce the X6 and not the CS? Very wise move...
        • 6 Years Ago
        Exactly what I was thinking.
      Michael D.
      • 6 Years Ago
      I posted this on another blog, and I figure I'd post this here, too:

      Right now I'm disgusted and disappointed with BMW, it's not like BMW to sell out like this! I feel as though I had the rug pulled out from under me, in regard to the highly anticipated BMW 8-Series (nee CS concept), that it has been canceled. I'm NOT to happy about this, and I truly hate these teasers or having the carrot dangled in front of my nose. Now it won't be a serious player in the game of a next-generation CLS, Panerama, Rapide, Estoque, adn A7!

      Then again, there could be hope - being that the M1 homage concept was regarded a no-go, but now it appears to have resurfaced to see life as the "green supercar".

      Here's a link which takes you to a series of up-to-date chops contained within "4 Car" and one is the BMW 8-Series/CS:

      http://www.channel4.com/4car/gl/gallery/gallery/26280/4

      The caption reads, "BMW 8-Series, 2010 : The new-age 8-Series nearly fell victim to concerns over the global economy, but we hear BMW's four-door 'coupe' rival for the Mercedes CLS is still in the plan for 2010". I'm getting mixed-messages from these sources, but, from the latter part of this post, is there still hope?

      BMW is NOT about humility!
      • 6 Years Ago
      Pity
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