BMW XM Label Red coming in fall 2023 with 735 hp

BMW’s new XM performance SUV unveiled in September is set to spawn a more powerful range-topping version a year from now. It will be called the XM Label Red, and BMW has already confirmed its hybrid V-8 will put out 735 hp and 735 lb-ft of torque. BMW has also confirmed the XM Label Red will be priced from $185,995, up from the standard model…