2002 Mini Cooper 5 Speed Hatchback Silver/black on 2040-cars

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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.

Mini Cooper SE ditches ‘Corona Spoke’ wheel name for obvious reasons

We’ve recently spent time in the all-electric 2020 Mini Cooper SE, and weÂ’ve found it to be plenty of fun. It packs all the Mini charm with none of the tailpipe emissions. Part of its quirky appeal is its styling, and the top Iconic trim has those funky 17-inch wheels that resemble a U.K. power outlet, ringed in a bright yellow circle. Those wheels, called “Corona Spoke,” are getting a name change. TheyÂ’re now called “Power Spoke.” As a Mini spokesperson told CarBuzz, “This was done to ensure Mini remains sensitive to all those experiencing the widespread impacts of Covid-19,” despite the naming coming long before the coronavirus pandemic. Indeed, MiniÂ’s press release from last July applies the “Corona Spoke” name to the asymmetrical, “aerodynamically optimized” alloy wheels. The Monroney sticker for our recent tester also listed the "17" MINI E Corona Spoke 2-tone" wheels. The name change is a minor footnote in the saga of the coronavirus pandemic, but it's understandable. So with any handwringing over an unfortunate naming coincidence thwarted, we can get back to appreciating the electric Mini for the joy it is. We should note that in addition to being a fun little EV, we also discovered that the Mini SEÂ’s electric range is very conservative — we were able to handily best its 110-mile EPA rating. Related Video:

Mini officially reveals Frozen Black Countryman and Paceman

BMW has been offering Frozen editions of its cars for several years now highlighted by matte paint and very limited production, and now Mini is getting in on the game with Frozen Black versions of the Paceman and Countryman. Unlike our report from earlier in the week, these models will not wear the Batman-sounding Black Knight name, but instead, like the BMW models, will be dubbed Frozen Edition. That previous intel also had it that production of the Frozen Edition Minis would be limited to just 60 units. Now official, Mini has not confirmed how many - or few - of these limited edition models it would build.
The Frozen Black paint adds silicates to the lacquer finish creating a "matted impression," which sounds like it should be easier for owners to maintain and wash, although Mini still advises against waxing or polishing. This special paint will be offered on all S, Diesel and John Cooper Works versions of the Paceman and Countryman, though it's not clear as of this writing if any will be offered in the US. Mini's press release for the Frozen Black Paceman and Countryman is posted below.