Because of ongoing market conditions, BMW AG announced today it is cancelling its new 8 Series, citing the following reason:
"The German automaker cites a distinct lack of profitability as the main reason the CS project has been canceled."
Also announced is the V10 engine in the M5/M6 will be discontinued and replaced with the Twin Turbo V8. In addition, BMW and Mercedes are discussing plans to jointly work on an upgraded N73 V12, presently only in use in the Rolls Royce vehicles. The 760i/Li was recently cancelled.
Tough times at BMW AG.