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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.

Why BMW doesn't plan to integrate Apple's iOS in the Car

While watching Apple introduce iOS in the Car during its WWDC keynote on Monday, we wondered how automakers, even the 14 who've already signed up to integrate this new in-car functionality of iOS 7, will feel about having the Cupertino company's mobile operating system supplant their own in-car systems. After all, some OEMs like Ford, General Motors and many luxury automakers have sunk millions of dollars into developing their own advanced infotainment, navigation and communication platforms like MyFord Touch, CUE and older systems like iDrive.
One automaker has now spoken up. A BMW spokeperson was interviewed by someone in the news department of British auto dealer group Arnold Clark and confirmed that the company would not be getting in line to integrate iOS in the Car anytime soon. The reason, as we suspected, is that BMW believes its own products developed over the last decade are both plenty good and already so deeply integrated with other systems of the car that, as told to Arnold Clark, "it would not be that straightforward to start changing all of the architecture of a car as has been implied [by Apple]."
While BMW isn't interested in spending more money to integrate Apple's services and functionality over its own, it has spent a good bit already to integrate iPhone functionality in its cars, including the relatively rare ability to support iPod Out and display Apple's own interface on Mini models with the optional Mini Connected feature, as well as committing to integrate Siri 'Eyes Free' functionality.

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: