Convertible, S Type, Very Good Condition on 2040-cars

Auto blog

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.

Next Mini Countryman spotted with swirls

Mini is continuing to update its models onto its latest UKL front-wheel-drive platform that it shares with parent BMW. Here, our spies caught an early glimpse of the next-gen Countryman testing on the new chassis.
Like the rest of the updated Mini lineup, the latest Countryman doesn't exactly show a huge shift in styling from the current version. The front end appears to be slightly more blunt, and the headlights have a redesigned shape. However, behind the A-pillar the differences seem to be pretty subtle. At the rear, the new Countryman also looks to adopt the brand's rounded rectangle taillights protruding into the hatch like on the standard Cooper Hardtop range. While not shown here, our spies claim that Mini is also aiming for a roomier interior for the upcoming crossover so that it can be more competitive in its class.
At least for now, the Countryman is going to be the largest vehicle in the Mini range, according to an earlier statement from chief designer Anders Warming. The CUV is rumored to debut around 2016 with some assembly possibly done at Mini's plant in the Netherlands. Until then, have a look at these spy shots and tell us what you think.

Watch this Chinese stunt driver parallel park with only 3 inches to spare

Whenever this writer thinks of fancy parking jobs, we go straight to Buddy Love singing Strokin' in a red Dodge Viper he slides into a tiny space in The Nutty Professor. But after watching the video above, we might have to start thinking about Han Yue, who broke the world record for getting into the tightest parallel parking space. The previous record was set in July 2013 by Alastair Moffatt, who had 3.4 inches to spare between his car and those around. Yue used a Mini Cooper at the China Drift Championship in Chongqing, China, to shrink that gap to 3.15 inches. That gave Yue two world records at the same event: the day before, he used a BMW M4 to set the world record for doing the most donuts around a car driving on two wheels. Which, frankly, we didn't even know was a competitive thing... Related Gallery 2014 Mini Cooper: First Drive View 47 Photos News Source: Guinness World Records via YouTubeImage Credit: Copyright 2014 Jeremy Korzeniewski / AOL MINI Hatchback Guinness World Records parallel parking