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BMW looking to save billions with cost cuts

BMW is planning a fairly extensive overhaul in a bid to recoup some its annual costs, with CEO Norbert Reithofer (pictured above) aiming to save three to four billion euro ($4 to $5.4 billion) per year to help keep the company's profit margins between eight and 10 percent, while also maintaining investments in production expansion and new tech. BMW's profit margins sat at 9.4 percent in 2013.
According to Automotive News Europe, Reithofer is none too pleased about costs at Mini and on the 1 Series, although neither AN nor its source story, from Germany's Manager Magazin, elaborate on what steps could be taken to improve losses on either project. That makes it hard to figure out just where the fat will be trimmed from.
What may happen, though, is that BMW attempts to trim 100 million euros ($135 million) from its German labor costs each year; a solution hinted at a few weeks ago by Germany newspaper Muenchner Merkur. While a dramatic cost reduction, 100 million euros still doesn't begin to even approach the savings envisioned by Reithofer.

Next BMW 4 Series convertible may ditch folding hardtop

In 2007 the E93 BMW 3 Series convertible switched from a fabric roof to a folding hardtop, but reports out of Germany and BMW say that the next-generation 4 Series convertible will go back to a fabric roof. AutoBild disclosed that nugget last month, now BMW Blog says a BMW source told their sister German publication BimmerToday that it's official and "a decision has already been made." The official car of pro tennis clubs around the world, the droptop 4 Series isn't due in dealers until 2020 or 2021 so one would think there remains some leeway about the top. However, teams of designers are working on the new car right now, so it's entirely possible that a design course is fixed. From the time that the model made the switch, fabric roofs have got so good that there is barely, if any, penalty for using them. It's supposed the change is being made to save weight and free up space. The next 4 Series range is aiming for a lot more sportiness, so on top of its CLAR (cluster architecture) body, it's expected to get active steering, adjustable dampers and anti-roll bars, bigger brakes, and brake-based torque vectoring. Detail improvements like reduced-friction wheel bearings, and faster torque transfer for its all-wheel-drive system are on the long list of upgrades. So too are aluminum and carbon fiber wheels, which will likely be developments based on the carbon wheels BMW showed off last year. Driver assistance options will be legion, with remote-controlled parking, semi-autonomous driving up to 40 mph, and hands-free overtaking perhaps among them.

BMW i5 could be a new kind of i PHEV

Just this month BMW North America CEO Ludwig Willisch made a point of saying "Not any time soon" to AutoblogGreen's question about the arrival of a BMW i5 - and that came after he clarified, in case we didn't know it, that no such model exists. But the rumors of its eventual appearance were swelled again by a report in Autobild that sticks more details and numbers on what could be the next offering in for the i brand. In February, Car magazine laid the i5 out as having a 245-horsepower four-cylinder engine in front, assisted by a 204-hp e-motor in the bow and a 90-hp e-motor in the stern, for about 544 total horsepower. Autobild claims the gas engine will have 218 hp, the front e-motor will have 150 hp and the rear will have 272 hp, for roughly 640 total horsepower. Where the two reports agree is that it - maybe called i5, maybe i7 - will be based on the China-market long-wheelbase 5 Series platform, it will incorporate cues from both the 7 Series and 6 Series Gran Coupe, and it will not be cheap: 100,000 euros ($105,686 US) is the estimate. The i8 starts at 130,000 euros in Germany. Weight for the i5 is figured to be around 3,300 pounds. Green Car Reports says what's important about the i5's drivetrain is that it's being maximized for electric running. Its evolution of the company's eDrive mechanicals will crank the ICE over only above 36 miles per hour, and even then, only in cases of "maximum power demand." Electric-only driving would offer a range of 78 miles, company officials suggesting that it could remain in that mode for "fully two-thirds of its usage cycle." Whenever a vehicle like this arrives, that is, which Autobild says could be in 2019.