2010 Mini Cooper Clubman S 6 Speed Manual Heated Seats Turbo on 2040-cars

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BMW warns profits will fall, plans $13.6 billion in cost-cutting

FRANKFURT, Germany — BMW said Wednesday that profits in 2019 will be "well below" last year's, and it will cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials prices, the costs of compliance with tougher emissions requirements and unfavorable shifts in currency exchange rates. The Munich-based automaker also faces increased uncertainty due to international trade conflicts that could lead to higher tariffs. "Depending on how conditions develop, our guidance may be subject to additional risks; in particular, the risk of a no-deal Brexit and ongoing developments in international trade policy," said Chief Financial Officer Nicolas Peter. The company forecast a profit margin of 6 to 8 percent for its automotive business, short of the long-term strategic target of 8 to 10 percent, which it said still "remains the ambition" for the company if given "a stable business environment." BMW said it had no plans for layoffs even as it outlined cost saving measures that include dropping half of its engine variants as it seeks to reduce product complexity. The BMW, Mini and Rolls-Royce brands are to get a single sales division. Peter said that given the headwinds to earnings, "we began to introduce countermeasures at an early stage and have taken a number of far-reaching decisions." The company said the measures were needed "to offset the ongoing high level of upfront expenditure required to embrace the mobility of the future." Automakers around the world have faced heavy up-front costs for technology expected to change how people get from one place to another in the next decade. Those include electric cars and renting cars through smartphone apps. Yet the returns from such investments remain uncertain and auto companies face competition from tech firms such as Uber and Waymo. BMW made 7.2 billion euros ($8.2 billion) in net profit last year, down 17 percent from 2017, when it booked a gain of $1 billion from U.S. tax changes. The company faced headwinds from increased tariffs on vehicles exported to China from the United States. It also suffered from turmoil on the German auto market when companies faced bottlenecks getting cars certified for new emissions rules. BMW faces uncertainty from U.S.-China trade tensions that could result in new tariffs if talks do not result in an agreement. U.S.

Mini adding new driver assist systems to future models

With all the recent news about automated vehicle technology (from Ford, Nissan and Toyota, among others), Mini is bringing some not-so-groundbreaking tech into its products to better keep the driver connected to the car. Other than stating that these new technologies will roll out in future models, there is no telling when we could see them starting to show up, although our best guess is the 2015 Mini Cooper.
Two of the more notable technologies that Mini will introduce include a head-up display system (shown above) and the "city braking" system to work in conjunction with collision warning and passenger detection. The automated braking system is made possible with the forward-mounted camera, which is also used for adaptive cruise control, auto-dimming headlights and a street sign detection system (to relay speed limit and traffic sign info to the driver). A new parking assist feature helps drivers find a properly sized parking spot, and then drivers can take advantage of the backup camera.
Mini obviously isn't the first to introduce these technologies, but it might be among the first to bring such a large number of advanced safety features into a car priced under $30,000 - though there is no telling how much these options will cost. The automaker has issued a brief press release for its upcoming driver assist systems, which is posted below.

Mini hops on the rooftop tent craze

Among the many changes ushered in by the pandemic year, has been an explosion in the popularity of camping. But even more so than camping trailers and RVs, rooftop automobile tents seem to be having their moment. Everyone, it seems, suddenly wants to sleep on the roof of their car. Most often, we see these tents perched atop some tricked-out overlanding rig or at the very least, a factory offroader like the Land Rover Defender or Ford Bronco. But how about a more earth-friendly option? Like, say, getting back to nature in a battery-powered Mini? Both the battery-powered Mini Cooper SE and the plug-in hybrid Mini Countryman SE offer roof rails, a key foundation for a rooftop tent. Taking advantage of that feature, Mini offers two different rooftop tents as factory accessories, as seen here. Unfortunately, as of now, they're only available in Europe. The intrepid nature-lovers better not go too far from civilization in the Cooper SE, since it has just 110 miles of range (according to the EPA) — although Mini optimistically suggests that many campgrounds now have EV charging points, so you can power up while winding down. For its part, the plug-in hybrid Countryman SE claims 17 miles of EV range before the gasoline engine fires up. Should the rooftop tent craze continue even after people once again feel safe checking into a Ritz-Carlton, it would be great to see more offerings that are designed for smaller host vehicles. After all, eco-friendly cars would seem to be thematically aligned with the nature appreciation that's inherently a part of camping. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.