logo
BMW Has Too Much on Its Plate to Worry About a Supercar Right Now

BMW Has Too Much on Its Plate to Worry About a Supercar Right Now

The Drive30-05-2025
The latest car news, reviews, and features.
Just one month ago, a BMW executive kept the flame of hope for a new halo supercar alive, telling the world that we could trust that the company was working in the background to realize such a car—we'd just have to wait for 'the right time.' It was one of those bare-minimum corporate responses in a way, because the company makes no commitments and keeps fans relatively satisfied by simply saying that it wants the same thing they do. Unfortunately, it also left the door open for someone like M CEO Frank van Meel to come in and burst some bubbles, which is what happened last weekend at the Concorso d'Eleganza Villa d'Este, where the new Concept Speedtop debuted.
'We don't want to lose focus on our high-performance cars because we do a super sports car,' van Meel was quoted during a panel organized by BMW Blog . 'I must be honest; we are always dreaming about it. And maybe some day we find the right window of opportunity where we have the capacity to work on a car like that. And also, the company, BMW Group, says: 'Ok, go for it.' We never give up, I can promise you that, but actually, it's not here yet.'
These comments are interesting because, on the face of it, van Meel is kind of just reiterating M's known position on the matter, which is that he'd love to introduce a true, standalone supercar one day. But the point about losing 'focus' on existing high-performance models, and finding the 'right window of opportunity,' arguably puts that dream further out of reach. The limited-production BMW Concept Skytop and Speedtop. BMW
BMW has its hands full right now, trying to reinvent its entire lineup with a new design ethos and the versatility to build new cars with every degree of electrification. And M, specifically, has the arduous task of keeping enthusiasts interested in battery-electric takes on their favorite models, like the M3. Consider the backlash Mercedes-AMG received when it started putting four-cylinders in cars that used to have V8s. The electric M3 probably won't be quite as surprising a turn—BMW has been teasing it for quite a while now, slowly peeling back the curtain shrouding the car's development—but it's still going to face adversity, regardless of whether it's accompanied by a version with an internal-combustion engine.
Factor in the same headwinds in China that every once-beloved German luxury marque is managing in that region, leading to a 37% dive in net profit over last year and, you know, everything happening with tariffs on this side of the world, and one thing appears to be clear: Now is definitely not the 'window of opportunity' van Meel has been waiting for.
These are all problems BMW will have to address before that eventual halo supercar begins to make the transition from dream to reality. And if we're talking about M's responsibilities alone, it's got to concentrate on establishing itself in the post-Neue Klasse era, with the diversity of powertrains it's likely to offer. That very well should be the priority, as much as I'd love to see a modern take on the M1.
So, the next big standalone M car sounds like it's a ways off. If it's any consolation to the purists out there, I'd at least expect that it won't be anything like the XM. That proved an expensive mistake you just can't see a company as big and old as BMW making more than once.
Got tips? Send 'em to tips@thedrive.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kevin O'Leary Says New Executives Get No Stock Options, No Benefits, And No Full-Time Title Until They Prove Themselves, Just Like The Swiss
Kevin O'Leary Says New Executives Get No Stock Options, No Benefits, And No Full-Time Title Until They Prove Themselves, Just Like The Swiss

Yahoo

time11 minutes ago

  • Yahoo

Kevin O'Leary Says New Executives Get No Stock Options, No Benefits, And No Full-Time Title Until They Prove Themselves, Just Like The Swiss

Kevin O'Leary says he has completely changed the way he hires executives, and is apparently taking inspiration from Swiss business culture. The investor and television personality explained in a recent post on X, 'No stock options, no benefits, no full-time title... until they prove it. I learned this from the Swiss, and it's revolutionized our operations.' A Six-Month Trial Instead Of A Full-Time Commitment O'Leary described the approach in a video, using the example of hiring a new CEO for a growing venture. Once he narrowed the field to two candidates, he asked one: 'Would you consider becoming a contractor for six months as opposed to a fully empowered employee, and we'll pay you 30% more than your base contract's going to be? No stock options, no benefits for the six-month period. But wouldn't you like to test us first?' Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Bill Gates Warned About Water Scarcity. The idea, he said, is to give both sides the chance to 'road test' each other, making sure the candidate integrates well with the existing team and the parent company. 'Don't you want that experience?' he recalled asking. In this case, the candidate agreed. O'Leary calls it an "apprentice" model, common in Switzerland and across Europe, where the focus is on confirming a cultural fit before offering a permanent position. 'We don't do [this] in America,' he said. 'And we should do it.' He noted that about two-thirds of candidates complete the trial and move on to full-time roles with stock options and benefits. The remaining third leave on good terms, having gained valuable experience but deciding the position isn't right for them. 'We're not firing anybody,' he said. 'Those Swiss guys got it right.' Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Business Is Binary, Says O'Leary For O'Leary, this hiring method is just one example of his direct approach to business. "Business is binary. There are winners and losers. You either make money or you don't," he posted on X last year. He believes success requires relentless effort, especially for young entrepreneurs. "If you want to succeed in business you have to work 25 hours a day because there's someone across the world who will kick your a*s if you don't." He advises those in their 20s to forget about work-life balance while building a business, stressing that the competition is global and tireless. "You're competing with people in Mumbai or Shanghai who are willing to work 24 hours a day, eight days a week," he said last year.O'Leary adds that the early years are the best time to make sacrifices, because "In your 20s, you can afford the time, the focus and all the stress that comes with building something from the ground up. You should start thinking about taking some time off only after establishing that foundation." For O'Leary, sacrifice, preparation, and persistence are non-negotiable. Whether it's a new hire or a new venture, the standard remains the same: prove yourself. Read Next: 2,000 High Earners Manage $6B With This AI Platform — UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Kevin O'Leary Says New Executives Get No Stock Options, No Benefits, And No Full-Time Title Until They Prove Themselves, Just Like The Swiss originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio

Liverpool Push Defender for Contract Decision Amid Real Madrid Interest
Liverpool Push Defender for Contract Decision Amid Real Madrid Interest

Yahoo

timean hour ago

  • Yahoo

Liverpool Push Defender for Contract Decision Amid Real Madrid Interest

Liverpool Push for Ibrahima Konate Decision as Real Madrid Monitor Situation Liverpool face a defining few weeks in their negotiations with Ibrahima Konate, with his long-term future hanging in the balance. The French defender, 26, is entering the final year of his contract, and while the club are keen to tie him down, Real Madrid are watching developments closely. As reported by DaveOCKOP, the situation has reached a critical stage. 'And with Real Madrid circling, can exclusively reveal that Liverpool is trying to extend his deal before the summer transfer window closes. The Reds want Konate to make his mind up before the transfer window closes.' Liverpool know that clarity is essential. Having seen the drawn-out sagas involving Mohamed Salah and Trent Alexander-Arnold, the hierarchy do not want another marquee name running down his contract while uncertainty dominates. Photo: IMAGO Wage Demands at the Centre of Negotiations Konate currently earns around £70,000 per week from the contract he signed in 2021. His representatives are pushing for a significant increase, with reports suggesting he wants closer to £200,000 per week. Central to his camp's stance is the structure of the deal, with a preference for guaranteed wages rather than heavily performance-based incentives. Liverpool, naturally cautious about overextending their wage bill, are negotiating carefully. Yet Konate's performances last season under Arne Slot strengthen his case. Featuring in 92.5% of all available minutes, he showcased the consistency and durability that had previously been questioned due to fitness concerns. Madrid Interest and Possible Sale The looming threat comes from Real Madrid, who have made no secret of their admiration for the Frenchman. Liverpool are fully aware that if no agreement is reached in the coming weeks, they may need to sanction a sale. Reports suggest a figure in excess of £35m could be enough to tempt the club into doing business, rather than risk losing him for nothing when his contract expires next summer. For a player entering his prime, the possibility of moving to the Bernabéu may prove persuasive. Photo IMAGO Contingency Plans in Place Liverpool's pursuit of defensive reinforcements adds further intrigue. Marc Guehi has have both been linked with moves to Anfield, a potential signing that could serve as cover should Konate depart. It is a delicate balancing act for Arne Slot and the recruitment team: strengthen the squad, but not at the expense of losing one of their most reliable performers. Time Running Out With the September 1st deadline looming, Liverpool must find resolution. Konate's ability to anchor the defence, combined with his leadership and athleticism, makes him central to Slot's project. But if his demands are not met, the club face a stark choice: agree to terms, or cash in while they still can. The next few weeks will be telling. Liverpool's defence was the cornerstone of their title-winning campaign last season, and losing Konate now would not only disrupt continuity but also embolden rivals. For the club, certainty is everything. Photo: IMAGO Our View – Anfield Index Analysis For Liverpool fans, this situation will feel both familiar and frustrating. Too often in recent years the club has allowed contract sagas to dominate the narrative, from Salah's long-running negotiations to Alexander-Arnold's eventual renewal. Supporters will be keen to see lessons learned, ensuring Konate's case is handled swiftly. There is recognition among fans that Konate has earned his leverage. Last season he was outstanding, putting concerns over fitness behind him and becoming a key figure in Slot's defence. His partnership with Virgil van Dijk gave Liverpool both solidity and reassurance, and losing him would undoubtedly weaken the squad at a crucial time. At the same time, some supporters will feel wary of the wage demands. While Konate deserves a pay rise, the figure of £200,000 per week may feel excessive for a player who still has to prove long-term durability. Fans know the club must strike a balance between rewarding key players and protecting financial stability. The prospect of Real Madrid lurking in the background is unsettling. Liverpool have built their reputation on resilience in the market, but losing Konate to Madrid would sting. For many supporters, the solution is clear: resolve the contract quickly, reward his importance, and focus on strengthening the squad rather than risking another destabilising saga.

Losses balloon at Ovo tycoon's luxury private members club
Losses balloon at Ovo tycoon's luxury private members club

Yahoo

timean hour ago

  • Yahoo

Losses balloon at Ovo tycoon's luxury private members club

A luxury private members' club owned by the millionaire founder of Ovo Energy has been hit by ballooning losses since reopening. Stephen Fitzpatrick's Kensington Roof Gardens plunged £26m into the red in the 12 months to December, according to new filings, up from losses of just £6.6m the year prior. The scale of the losses reflects the challenge facing Mr Fitzpatrick in making a success of the exclusive club, which he reopened in July last year. Owned by Sir Richard Branson until 2018, Kensington Roof Gardens has an illustrious history as a west London party venue and was once home to a flock of pink flamingos. To safeguard the company's balance sheet, Mr Fitzpatrick, a Belfast-born City trader, recently secured a £15m loan from a Tel Aviv-based investment fund that is subject to a punishing 17.5pc interest rate. This is expected to see the company through to May 2026. It has already sparked more than £3m in debt interest costs. Total revenues hit £4.3m in 2024, bolstered by charging customers an annual membership fee of £2,500 a year. This falls to £700 for under-32s. As well as securing a £15m loan, Mr Fitzpatrick also extended £29m to Kensington Roof Gardens through his own investment vehicle, Imagination Industries. Similar loans had previously sparked scrutiny because they were made when Imagination Industries was also the owner of Ovo, Britain's fourth biggest energy supplier. This led to Mr Fitzpatrick being hauled before MPs in 2022, as they urged him to 'open the books' after grilling him over £40m worth of intercompany loans. Ovo, which is currently said to be in merger talks with Scottish Power, has since cut ties with its former parent group. However, Mr Fitzpatrick is the ultimate owner of each of these businesses, which form part of his sprawling business empire. He was also formerly the largest shareholder in Bristol-based flying taxi business Vertical Aerospace but lost control late last year as part of an emergency refinancing deal. He also owned the Formula 1 Manor Racing Team before it collapsed in 2017. The roof gardens were built in 1938 and were bought by Sir Richard in 1981. During his tenure, the private club was a celebrity hotspot frequented by the likes of Freddie Mercury, Kate Moss and Madonna. Kensington Roof Gardens was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store