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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.

E.U. executive conditionally approves Daimler, BMW car-sharing deal

BRUSSELS — The European Union's competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions. Under the deal, which includes car-sharing units Car2Go and DriveNow as well as ride-hailing, parking and charging services, Daimler and BMW will each hold 50 percent stakes in a joint venture. They have offered concessions to address E.U. antitrust concerns over the deal they hope would let them better compete with U.S. rival Uber and China's Didi Chuxing. The European Commission has found the deal would raise competition concerns for free-floating car sharing services in Berlin, Cologne, Duesseldorf, Hamburg, Munich and Vienna. It said Daimler and BMW agreed to a remedy package in the six cities. "The commitments thus fully address the Commission's concerns as they will reduce the barriers to entry for competing free-floating car sharing providers," the Commission said in a statement. "Therefore the Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns. The Commission's decision is conditional upon full compliance with the commitments." Reporting by Gabriela Baczynska and Philip Blenkinsop. Related Video:

Alpina D3 may be coming to Frankfurt with 350 hp, AWD

Rumors are swirling that Alpina, the tuning house that specializes in all things BMW, will followup its Geneva debut of the B3 Bi-Turbo with an oil-burning variant slated for debut at September's Frankfurt Motor Show. The news comes from Auto Zeitung, which reports that the second-generation D3 will be based off the Europe-only 335d.
This is a departure from the last D3, which had the four-cylinder turbo-diesel from the BMW 123d in a 3 Series body. The new model is expected to use a 3.0-liter, twin-turbocharged inline-six, which will generate 350 horsepower and 516 pound-feet of torque. That should scoot it to 62 miles per hour in under five seconds (likely while towing a tree stump). Both rear- and all-wheel drive should be available on the D3, and we imagine the thrill of this much power channeled through just the two rear wheels to be akin to skydiving sans parachute.
For our European friends that want an Alpina D3, but don't need more torque than any American full-size pickup, there may be plans to offer a four-cylinder variant that still delivers Alpina performance without a compromise in economy. We'll have more on the Alpina D3 when it debuts at the 2013 Frankfurt Motor Show.