Is BMW Reconsidering Large SUV, You Heard It HERE First!

According to the word on the street, BMW was considering doing a more serious sport-utility vehicle dubbed the X7. Recently though, it has been reported that BMW may be considering its decision to axe plans for a new large sport-utility vehicle.

Well, if you don't recall, not too long ago AutoSpies' Agent001 had a scoop for you all regarding the next-generation X5. 001 told us that it would be getting bigger and possibly undergo a new name, duh, the X7.

Not meaning to toot our horns or anything but BEEP effin' BEEP!

Wall Street Journal published yesterday an article on the upcoming world’s largest economic summit in Seoul this Thursday with the main topic revolving around “global rebalancing.” The idea is to change the world economy so that it relies less on American consumers and more on shoppers in China, Germany and other countries with big trade surpluses.

Hidden within the lengthy, yet informative article, is a piece of news that we find it quite intriguing...

The company is also counting on the U.S. to rebound more quickly than doom-and-gloomers think, making rebalancing less necessary than the leaders gathered in Seoul believe. It is even reconsidering its decision to cancel a new large SUV, which was meant mainly for U.S. buyers....