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The Sun
4 days ago
- Automotive
- The Sun
BMW unveils new M2 CS
BMW has officially revealed its latest high-performance compact coupé, the BMW M2 CS, a limited-edition model that represents the pinnacle of driving pleasure both on track and public roads. Production will take place at the BMW Group Plant in San Luis Potosí, Mexico, with a global market rollout scheduled for late summer 2025. Key markets include the United States, Germany, and China. In Germany, the M2 CS is priced at €115,000 (RM553,035). The M2 CS is based on the second-generation BMW M2 but significantly enhances the car's dynamic capabilities. Its heart is a reworked 3.0-litre six-cylinder in-line engine featuring M TwinPower Turbo technology. This upgraded powerplant delivers 530hp, 50hp more than the standard M2, matching the output of the BMW M3 Competition Sedan and BMW M4 Competition Coupé with xDrive. Torque has also been increased to 650Nm, available between 2,650 and 5,730 rpm. The engine revs to 7,200 rpm and delivers peak power at 6,250 rpm. The power is transmitted to the rear wheels via an eight-speed M Steptronic transmission with Drivelogic, which allows the driver to adjust shift characteristics using three settings. Gear changes can also be manually controlled through the steering wheel-mounted paddles or the newly styled M selector lever. Performance metrics place the M2 CS among the fastest in its segment. It accelerates from 0 to 100 km/h in just 3.8 seconds, and to 200 km/h in 11.7 seconds. A figure of 3.5 seconds to 100 km/h is achievable using the 1-foot rollout method. Mid-range acceleration from 80 to 120 km/h takes only 3.4 seconds. The top speed is electronically limited to 302 km/h, courtesy of the standard M Driver's Package. Weight has been reduced by approximately 30kg compared to the regular M2, thanks to the strategic use of lightweight materials such as carbon-fibre-reinforced plastic (CFRP). Components, including the roof, boot lid, front splitter, rear diffuser, and centre console, are crafted from CFRP, enhancing both performance and aesthetics. Forged M light-alloy wheels come as standard, with track tyres fitted—19 inches at the front and 20 inches at the rear. Buyers can opt for either ultra-track or sport tyres at no extra cost. The M2 CS is equipped with a model-specific engine mount offering higher stiffness, resulting in better throttle response and more direct power delivery. The M-specific cooling system ensures optimal thermal performance during spirited driving, and the dry-sump oiling system guarantees consistent lubrication even under extreme G-forces. To complement the powertrain, BMW M has overhauled the chassis. The adaptive M suspension features bespoke tuning for springs, dampers, and electronic control systems, with the ride height lowered by eight millimetres. The M Servotronic steering and M Sport differential have also been calibrated specifically for the CS model. Dynamic Stability Control (DSC) and M Dynamic Mode have been refined to optimise the car's capabilities on track. Braking is handled by the standard M Compound system with red callipers, while an M Carbon ceramic setup is available as an option. The CS rides on exclusive forged M wheels in a striking Gold Bronze finish. These not only reduce unsprung weight but also contribute to the car's distinctive appearance. The exterior design is aggressive and purposeful. In addition to the CFRP elements, the M2 CS features a unique black M kidney grille, black front splitter, and an exposed carbon-fibre roof. The rear is distinguished by a ducktail-style spoiler and quad matt-black exhaust tips. Available exterior colours include Sapphire Black metallic, BMW Individual Velvet Blue metallic, M Brooklyn Grey metallic, and M Portimao Blue metallic. Standard adaptive LED headlights with BMW Selective Beam and M Shadowline detailing add to the visual drama. Inside, the cockpit continues the theme of motorsport-inspired design. Heated M Carbon bucket seats with Merino leather upholstery offer extensive electric adjustments and integrate removable head restraints to accommodate multi-point harnesses. The centre console is made from CFRP, while the M Alcantara steering wheel—featuring a flat-bottom rim, red centre marker, and M buttons–enhances the racing ambience. Interior details specific to the CS model include red-accented 'CS' logos on the seats, centre console, and illuminated door sills. M seatbelts, ambient lighting with customisable colours, and an M Anthracite headliner complete the premium, performance-focused cabin. The digital experience is powered by BMW Operating System 8.5. A fully digital BMW Curved Display comprises a 12.3-inch information cluster and a 14.9-inch control screen. The BMW Live Cockpit Professional is standard and includes BMW Maps navigation, a head-up display, augmented view, and smartphone integration via Apple CarPlay and Android Auto. Dual-zone climate control, keyless entry, and a Harman Kardon sound system are also part of the standard equipment. For those seeking an even more visceral soundtrack, BMW offers an optional M Performance titanium exhaust system with carbon-fibre tailpipes. Designed specifically for the CS, it delivers an authentic racing note, complemented by an Active Sound Design feature that enhances interior acoustics based on selected drive modes. In summary, the new BMW M2 CS stands as the ultimate expression of the compact M car formula. With a blend of cutting-edge performance, reduced weight, and high-end features, it promises to set a new benchmark in the segment for driving purists and track-day enthusiasts alike.
Qatar Tribune
08-05-2025
- Business
- Qatar Tribune
Real estate trading volume exceeds QR1 bn in a week
DOHA: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice from April 27 to May 1 amounted to QR1,004,647,349, while the total sales contracts for the real estate bulletin for residential units during the same period amounted to QR68,035,067. The weekly bulletin issued by the department shows that the list of properties traded for sale included vacant lands, residential homes, apartment buildings, commercial buildings, shops and residential units. The sales operations were concentrated in the municipalities of Doha, Al Wakrah, Umm Salal, Al Rayyan, Al Dhaayen, Al Khor and Al Dhakira, and Al Shamal, in addition to the areas of the Pearl, Lusail 69, Ghar Thuaileb, Umm Al Amad, and Umm Ebairiya.
IOL News
08-05-2025
- Automotive
- IOL News
This car company makes R5. 3 million per employee: how carmakers rank in profit per person
Ferrari is the world's most profitable carmaker per employee. Purosangue shown. If you work for Ferrari, your contribution to the company's net profit is significantly higher than your peers at other carmakers. According to an extensive data analysis conducted by BestBrokers, Ferrari is, by a wide margin, the car company that makes the most money per employee. The Italian sportscar specialist, which recently ventured into the crossover market, made a record net profit of $158 billion (R2.8 trillion) in 2024, which equates to $291,403 (R5.32 million) per employee. This was three times higher than its nearest rival in that regard, with Toyota taking second place with a net profit of $85,268 (R1.56 million) per employee. Tesla took third place with a net profit of $56,650 (R1,035,562) per employee, followed by O'Reilly Automotive ($25,650 / R468,000) and BYD ($6,123 / R116,000). BYD's ranking came in spite of it having a significantly larger annual net profit than Ferrari. The study also showed Toyota to be the most time-efficient company in the auto market, generating $1 million (R18.28m) in net profit every 16 minutes, followed by Tesla (1h14) and BYD (1h35). But one can't deny that Ferrari is in an enviable position, with its brand value enabling it to sell a limited number of cars at exceptionally high profit margins. Mainstream companies like Toyota, Tesla and BYD have to rely on massive production volumes to generate their profits. 'Both profit per employee and time efficiency data highlight a growing trend that emphasises not just revenue and net profit, but also the importance of speed and agility in today's competitive market,' the study's authors said. Just five car firms featured in the list of 250 largest companies by market capitalisation, with NVIDIA ranking highest with a net profit of R2.04 million (R37 million) per employee. The tech giant was followed by the Altria Group $1.81m and Saudi Aramco R1.61m. 'In a year defined by AI breakthroughs, colossal layoffs, and serious cost-cutting across industries, sales, market cap, and headcount are no longer the epitome of power and success,' BestBrokers said. 'Since AI and automation have increasingly replaced traditional roles, companies are now able to achieve notable profits with fewer employees, transforming the rules of operational efficiency.' IOL
Ammon
27-03-2025
- Automotive
- Ammon
Stocks fall on Trump's auto tariffs, China bucks the trend
Ammon News - Global stocks fell on Thursday, led by heavy losses in Japan and South Korea, after U.S. President Donald Trump announced new tariffs on auto imports, with European stock futures also pointing to a lower open. Trump late on Wednesday announced plans for long-promised 25% tariffs on automotive imports. Analysts expect the move to hit European, Japanese and South Korean companies at most. European stock markets are set for a lower open, with pan-European STOXX 50 futures down 0.5% and FTSE futures 0.2% lower. In currency markets, the dollar index , which measures the greenback against six major peers, retreated 0.3% to 104.32, having hit a three-week top of 104.71 overnight. The euro touched a three-week low of $1.0731, but bounced off the 200-day moving average and was last up 0.3% at $1.0780. The yen, on the other hand, recovered some of the overnight losses and bounced 0.2% to 150.21 per dollar on Thursday. Treasury yields held steady in Asia after edging up overnight. The benchmark 10-year Treasury yields held steady at 4.3537%, having gained 5 basis points overnight. The tariff uncertainty sent gold 0.5% higher to $3,035 per ounce, not far from a record high of $3,057.
Emirates 24/7
12-02-2025
- Business
- Emirates 24/7
ADNOC L&S announces revenue of $3,549 million in 2024
ADNOC Logistics and Services plc today announced its fourth quarter (Q4) and full-year 2024 financial results, reporting revenue of $3,549 million (AED13,035 million) for the year, up 29 percent compared to 2023. EBITDA rose by 31 percent to $1,149 million (AED4,219 million) in the same period, driven by robust performance across all business segments, sustaining EBITDA margins at 32 percent. Net profit for the year was $756 million (AED2,777 million), equating to $0.10 (AED0.38) per share, an increase of 22 percent compared to the previous year. The Company's Q4 revenue increased by 6 percent year-on-year (y-o-y) to $881 million (AED3,237 million), with EBITDA up by 17 percent y-o-y to $282 million (AED1,035 million). Net profit for Q4 grew 9 percent y-o-y to $180 million (AED660 million). Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, "We have delivered strong growth in financial returns to shareholders once again in 2024, driven by robust performance across all business segments. This year has been characterised by investing in the internationalisation of our business platform, the addition of new vessel types focused on transition fuels, and the growth of our large integrated logistics business. "Today ADNOC L&S is a larger, stronger, more international business and one of the leading energy maritime logistics companies in the world. Our growth story continues into 2025 and beyond with more than $6 billion highly value-accretive growth opportunities committed since IPO, mostly against long-term contracts." Revenues from the Integrated Logistics segment increased to $2,281 million (AED8,377 million), up 40 percent in FY 2023. The increase was driven by volume growth in the Integrated Logistics Services Platform (ILSP) and strong growth in third-party offshore logistics services; major progression of Engineering, Procurement and Construction (EPC) projects in particular the contribution of the G-Island project; accelerated Hail & Ghasha project delivery; the improved utilisation of, and rates earned for Jack-Up Barges (JUBs), coupled with fleet growth strengthening the GCC expansion. Integrated Logistics' EBITDA rose by 30 percent to $687 million (AED2,522 million) for the full year 2024 against 2023. Revenues from the Shipping segment increased 14 percent to $956 million (AED3,511 million), driven by strong charter rates for Dry Bulk and Tankers in H1 2024, coupled with additional revenue from the four new Very Large Crude Carriers (VLCCs) acquired in 2023; and the LNG vessel "Shahamah" contracted at a higher rate for 2024 compared to 2023; partially offset by a smaller charter-in fleet. Shipping EBITDA increased 24 percent to $396 million (AED1,456 million) for FY 2024, contributing to a three-percentage point expansion in EBITDA margin to 41 percent. Revenues from the Services segment increased 10 percent to $312 million (AED1,147 million) compared to FY 2023. This segment generated an EBITDA of $56 million (AED206 million), up 26 percent y-o-y, mainly powered by increased volumes in petroleum ports and onshore terminal operations. Follow Emirates 24|7 on Google News.
