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Rolls-Royce Digital Dawn Launch | Autoblog Minute

Rolls-Royce unveils its newest vehicle in grand modern fashion.he four seater was revealed with a multi-platform global digital event. The British automaker originally teased Dawn using social media, with the grand reveal coming via a live web feed. Rolls-Royce Autoblog Minute Videos Original Video rolls-royce dawn

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.

Bespoke Rolls-Royce auction is a chance to support the fight against AIDS

Rolls-Royce is showing off a new bespoke Phantom at Art Basel in Miami Beach, Florida, and its special red exterior highlights its bigger purpose: charity. In collaboration with artist Mickalene Thomas, Rolls-Royce will auction the car, a unique wrap, and a one-off art work as a fundraiser for the fight against AIDS. The red Phantom has a bespoke Magma Red paint job overlaid with a layer with tiny particles of crystal. Inside, the Phantom has Brilliant Arctic White bespoke leather with Mugello Red piping and accents. A Mugello Red headliner is a unique take on the Shooting Starlight headliner, which debuted in the Rolls-Royce Cullinan Black Badge, and R-R has dubbed the dashboard design, 'Red Regatta Sails.' It features layered Mugello Red leather behind a piece of glass across the instrument panel. Final touches include a door scuff plate that denotes "115 Years of Rolls-Royce" and "Special Commission."   Interestingly, the Phantom is technically a starting point. R-R paired up with contemporary artist Thomas to add an even more exclusive and unique touch. Thomas will create 'an original work of art inspired by the Red Phantom for the collector' and a custom wrap for the exterior of the Phantom based on the artwork.  The car will be globally unveiled at a gala this week and will be open for bidding between December 4–13 at Sothebys.com. All proceeds, after auction fees and costs, will go to (RED), which was created by Bono and Bobby Shriver in 2006 to fund the fight against AIDS. The contributions go to a program in Africa that specifically focuses on countries where there is a high concentration of mother-to-child HIV transmission. This is not the first time a Rolls-Royce has helped support an AIDS charity. In 2007, a Phantom Drophead Coupe raised more than $1.6 million for the Elton John AIDS Foundation.