“Celebrating 100 years”

Munich, Germany - This month "the ultimate driving machine" passes an important milestone: BMW, aka Bavarian Motor Works, is turning 100. It's not the oldest automaker out there -- Mercedes-Benz, Opel, Ford, Renault and Fiat can all claim precedent -- but BMW has arguably produced more iconic cars than any other marque in its class. "'The Ultimate Driving Machine' is more than a tagline, it's a philosophy for BMW.," Ludwig Willisch, President and CEO of BMW North America, told CNN. Modern BMWs are selling better than ever, but the value of the company's heritage can be seen in the market for classic BMWs. As a result, some buyers of current models like the newly-released M2 are keeping them in mint condition until the day that their values will inevitably increase. The BMW Museum in Munich is also mounting an exhibition of "100 Masterpieces" showcasing the very best of the machines BMW has built in the past century.

In Other News The Swedish Academy will unveil its choice as the winner of the Nobel Prize in literature Thursday morning, in an event set for 7 a.m. ET. The literature Nobel has always been a tough prize to predict. Many were surprised when last year's award was won by Bob Dylan — who became the first person to win who's mainly known as a singer and songwriter. The clock is winding down for thousands of immigrants who were brought to the U.S. illegally as children. The Trump administration has stopped accepting new applications for the program known as DACA, or Deferred Action for Childhood Arrivals, that protects nearly 700,000 so-called DREAMers from deportation. Thursday is the deadline for thousands of current DACA recipients to renew their status for what could be the last time. That's touched off a scramble across the country. The Department of Homeland Security says more than 100,000 DACA recipients have applied to renew their temporary, two-year work permits ahead of the deadline.