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BMW may be planning to set up a new manufacturing facility in Brazil. The automaker currently only sells around 10,000 units per year in the South American country, but BMW has seen sales leap by 50 percent annually in the market for the past few years. According to Reuters, standards of living in Brazil are increasing at a rapid pace as the country prepares to host both the World Cup in 2014 and the Olympics in 2016. Those increases have helped to fuel light vehicle sales, which ticked up by 11

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The new BMW 7-Series has just stepped out from behind the curtain, and it's taken the stage to a house only half full. Demand for BMW's big engines has dropped so low that the house of the roundel says it can make enough 8-bangers to satisfy the world's demand using just one shift for four days.

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