1972-73 Rolls Royce Corniche Convertible on 2040-cars

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BMW warns profits will fall, plans $13.6 billion in cost-cutting

FRANKFURT, Germany — BMW said Wednesday that profits in 2019 will be "well below" last year's, and it will cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials prices, the costs of compliance with tougher emissions requirements and unfavorable shifts in currency exchange rates. The Munich-based automaker also faces increased uncertainty due to international trade conflicts that could lead to higher tariffs. "Depending on how conditions develop, our guidance may be subject to additional risks; in particular, the risk of a no-deal Brexit and ongoing developments in international trade policy," said Chief Financial Officer Nicolas Peter. The company forecast a profit margin of 6 to 8 percent for its automotive business, short of the long-term strategic target of 8 to 10 percent, which it said still "remains the ambition" for the company if given "a stable business environment." BMW said it had no plans for layoffs even as it outlined cost saving measures that include dropping half of its engine variants as it seeks to reduce product complexity. The BMW, Mini and Rolls-Royce brands are to get a single sales division. Peter said that given the headwinds to earnings, "we began to introduce countermeasures at an early stage and have taken a number of far-reaching decisions." The company said the measures were needed "to offset the ongoing high level of upfront expenditure required to embrace the mobility of the future." Automakers around the world have faced heavy up-front costs for technology expected to change how people get from one place to another in the next decade. Those include electric cars and renting cars through smartphone apps. Yet the returns from such investments remain uncertain and auto companies face competition from tech firms such as Uber and Waymo. BMW made 7.2 billion euros ($8.2 billion) in net profit last year, down 17 percent from 2017, when it booked a gain of $1 billion from U.S. tax changes. The company faced headwinds from increased tariffs on vehicles exported to China from the United States. It also suffered from turmoil on the German auto market when companies faced bottlenecks getting cars certified for new emissions rules. BMW faces uncertainty from U.S.-China trade tensions that could result in new tariffs if talks do not result in an agreement. U.S.

Rolls-Royce Dawn becomes two-seater Silver Bullet convertible

Rolls-Royce has transformed the Dawn, the only convertible in its range, into a two-seater roadster named Silver Bullet. It's a limited-edition model that's part of the company's client-commissioned Collection Cars line. The stately Silver Bullet is "a contemporary interpretation of the classic roadster spirit and driving experience," according to the BMW-owned firm. It's clearly based on the Dawn, both models share their front and rear fascias, but it's finished in a specific hue named Brewster Silver Paint that's a tribute to past Rolls-Royce models, like the Silver King and the Silver Silence. Subtle black trim add a finishing touch to the low-key design. Bigger modifications are found inside, where designers removed the Dawn's rear seats and replaced them with a tonneau cover the brand calls an Aero Cowling. It features a finisher made with vapor-blasted titanium. The images released by Rolls-Royce don't fully reveal the Silver Bullet's interior, but it previously noted each example will feature an open-pore carbon fiber insert and a quilted transmission tunnel inspired by leather jackets. We'd expect nothing less from the purveyors of the most expensive regular-production SUV in the world. Power likely comes from the Dawn's 6.6-liter V12 engine, which is twin-turbocharged to 563 horsepower and 605 pound-feet of torque in its standard configuration. We think the 593-horsepower, 620-pound-feet evolution of the 12 found in the Black Badge model would suit the roadster's touring intentions much better, however. It was designed to be driven, and the brand will organize road trips to encourage owners to put miles on their Silver Bullet rather than storing it in a heated garage for a couple of years and later selling it at a big-name auction. Rolls-Royce noted it will build 50 examples of the Silver Bullet, though how many have been earmarked for the American market hasn't been revealed yet. Pricing information remains under wraps, too, but keep in mind the standard Dawn carries a base price of approximately $350,000 before options enter the equation. Autoblog asked whether any build slots remain available, and we'll update this story if we learn more. Related Video:    

Rolls-Royce Alpine Centenary Ghost makes its first North American appearance

Rolls-Royce choose this year's Shanghai Motor Show as the occasion to show off its achingly cool Alpine Trial Centenary Edition Ghost, but The Quail was the site of the car's North American coming out party.
The one-off Rolls pays tribute to a heroic moment in the marque's history, when four 1913 Silver Ghosts, three factory cars and one privateer entry, successfully completed the 1,820-mile Austrian Alpine Trials. The privateer racer in question, James Radley, is the gentleman responsible for the pretty color combination you see on this new Ghost. Radley's blue bodywork over black wheels looked great in 1913 and haven't lost any luster 100 years on to our eyes.
You can revisit the details about this historically rooted Rolls-Royce in the press release below, or simply take a stroll through our fresh gallery of images from The Quail.