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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 Yours parts-ordering service lets you personalize your car

Mini is stealing a page from more upmarket luxury brands by offering customers the opportunity to add individualized parts starting next year. The Mini Yours Customised service will let owners create and order customized side scuttles, dashboard trim panels, and LED-projected door sills and door projectors that illuminate a welcome design or message or their choosing, all via a configurator on an Online Shop. Customers will be able to choose different colors, patterns, surface finishes, icons, texts and even their own signature into the designs. Imagine customizing your Hardtop to read "Melissa's Mini" or maybe "Willyz Wheelz." The custom parts will be manufactured in Germany using 3D printing and laser etching, then delivered within a few weeks. They can then be installed either by the customer or a Mini dealer. If the vehicle is sold to someone else, the new owner can order new custom designs. Mini says the service will be made available over the course of 2018 "in Europe and other large markets," presumably including the U.S., though Autoblog is seeking clarification on that point. Mini says the move is in keeping with the spirit of individualization the brand is known for. "This unparalleled freedom of design allows customers to transform their Mini into a unique special defined by their personal style and their own creativity," the company said in a release.Related Video:

Mini Superleggera gets the green light

With the fairly lackluster designs coming out of Mini recently, leave it to a group from outside the company to get things right. The minds behind the Berlinetta Lusso and Disco Volante at Touring Superleggera did just that with the retro-inspired Mini Superleggera Vision Concept from last year's Villa d'Este Concours d'Elegance. Now, according to Car in the UK, the droptop has a green light for production from the BMW board and could arrive in showrooms by 2018. The concept stole our hearts with its rounded shape, rear fin and Union-Jack-shaped taillights. Inside, the interior went for extreme minimalism with an aluminum dashboard that positioned just a simple tachometer and thin steering wheel in front of the driver. The production version reportedly rides on the third-gen Mini platform but retains all of the concept's major styling elements. In place of the electric motor, expect the current engine offerings with a 1.5-liter three-cylinder and a 2.0-liter four-cylinder available under the hood. Patent documents might provide an even better hint at what to expect. They also show the design not changing much, other than the lights no longer in the grille, a framed windshield and slightly smaller fin. The Union Jack taillights remain, though. Peter Schwarzenbauer, BMW Group member in charge of Mini, asserted the company was testing the waters for production shortly after the Superleggera's debut. At the time, the price was speculated to be around 35,000 euros if the car arrived on the market in Europe. Related Video: