2004 Mini Cooper S 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.

BMW seeks partners for electric Mini, could make it an all-EV brand

LOS ANGELES — Germany's BMW is talking with other automakers "around the world" to try to find partners to lower the cost of electrifying its future Mini small cars, management board member Peter Schwarzenbauer told Reuters. "We are talking to many OEMs (manufacturers) around the world, not only in China, (about) how to electrify smaller cars," Schwarzenbauer said. "There's no final conclusion on it." Chinese automaker Great Wall Motor said last month it was discussing a possible venture to build Mini vehicles in China. BMW currently does not build Mini vehicles outside Europe. Schwarzenbauer declined to discuss the Great Wall situation, saying "this was speculation." However, he said building smaller electric cars was challenging, not only because of the financial costs, but also the engineering problem of fitting batteries with sufficient range into a smaller vehicle package. BMW has worked with rivals before to share the costs of clean vehicle technology. The automaker has a partnership with Toyota to develop fuel cell vehicles. BMW has said it plans to launch a new, electric Mini model in 2019. Eventually, Mini could become an entirely electric brand aimed at urban consumers, Schwarzenbauer said. Mini sales in the United States have fallen 10 percent through the first 10 months of this year, as demand for many smaller cars has waned in favor of sport-utility vehicles and trucks. "It's really only in the U.S. where we are facing this with Mini," Schwarzenbauer said. BMW will not try to reverse that trend by adding larger SUVs to the Mini lineup, Schwarzenbauer said. Instead, he said, "the way for Mini in the U.S. is ... building the Mini brand in the direction of the electric urban mobility company." On a separate issue, Schwarzenbauer said BMW intended to offer a self-driving car planned to debut in 2021 at a price that could be below $100,000. The iNEXT model, which BMW previewed earlier this year, will be offered to individuals, ride services fleets and put into service in BMW fleets, Schwarzenbauer said. "By 2021, you will have a lot of people who want to own this car," he said. "It will be a normal price. We are thinking of scaling this. To bring a $150,000 electric car is nice, but it will not really scale." When it launches, the iNEXT may not be offered with complete, so-called Level 5, autonomy because the regulatory and legal frameworks for such a vehicle likely won't be in place, Schwarzenbauer said.

Evo's Mini-focused tribute to Best Motoring is the best thing you'll see all day

Our friends at Jalopnik are absolutely spot on with their argument that "your life is shit" if you've never experienced Japan's outstanding Best Motoring. The show is easily one of the best car-related things on the Internet, taking the creme de la creme from what is now known as the Super GT series, as well as D1 drift and other disciplines, and plopping them in some of the finest cars of the 1990s and 2000s. Seriously, go and check it out. Back? Good. In honor of Best Motoring, Evo has put together its own tribute (some might call it a cover version) of the video series, assembling four drivers and four cars for an all-out track battle. The vehicles in question all sport the Mini badge, and they run the gamut from hot road cars to one-make racers. First, we have Andy Wallace and the best car of the bunch, a 2006 John Cooper Works GP (full disclosure: your author owns an R53 and will never be convinced that it isn't the finest example of the revived Mini, because supercharger). He'll be followed by Marino Franchitti in R56-based, 2013 John Cooper Works GP, while Dickie Meaden and Jethro Bovingdon are in the race-prepared, second-generation Mini Challenge JCW and third-generation Mini Challenge S275, respectively. Everything from the track action (which we won't spoil for you), to the camera work to the pre-race introductions is spot on, just like we'd expect from Best Motoring. It's outstanding, and you should be sure to take a look at it straight away.