1960 Rolls Royce Phantom V Limousine on 2040-cars

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Ventilator built with help from Rolls-Royce receives approval in UK

LONDON — Britain has given the first regulatory approval to a ventilator being built by a consortium of firms including Airbus and Rolls-Royce as part of efforts to combat the coronavirus. Governments around the world are trying to boost the number of ventilators — mechanical breathing devices that can blow air and oxygen into the lungs — available to their health services. The modified version of an existing device by Penlon will join a product from fellow medical firm Smiths, which is already being built by the group of aerospace, engineering, Formula One and automotive companies to fulfill a government order. “We are working closely with our supply chain partners to rapidly scale up production to achieve our target of at least 1,500 units a week,” said Dick Elsy, the chief executive of the VentilatorChallengeUK consortium. The government said on Thursday it was confirming an order for 15,000 Penlon devices. AirbusÂ’ Broughton site, which makes wings for commercial aircraft, along with FordÂ’s Dagenham engine factory and McLarenÂ’s Woking site are being used as part of the process, he said. Separately, vacuum-cleaner firm Dyson is still awaiting approval for its ventilator. Related Video:

eBay Find of the Day: Andy Warhol's 1974 Rolls-Royce Silver Shadow

Andy Warhol is one of the most recognizable artists of the 20th Century. With hits like his famous Campbell's soup cans and Marilyn Monroe portraits, he is likely the first name you think of in association with the pop art movement. He isn't known for being an auto enthusiast, though, but maybe that's not entirely the case - there was his BMW M1 art car, after all. Now, Warhol's 1974 Rolls-Royce Silver Shadow is up for auction on eBay Motors.
According the seller, Warhol never had a driver's license, but he still wanted to own a luxurious car. It's claimed that he occasionally had his famous friends, including Jacqueline Kennedy Onassis, chauffeur him around in the Rolls. Following Warhol's death in 1987, the car was auctioned for $77,000, and since then it has only been sold to one additional owner.
The Rolls is painted Walnut and Mason's Black, which appears closer to a shade of brown in these photos, with a black leather interior. The engine is the company's' popular 6.75-liter V8 with a three-speed automatic transmission, and there are just 56,000 miles on this luxurious classic. The seller is including copies of original purchase order from Rolls-Royce and the title to Warhol Enterprises to prove the famous artist's ownership of the car, plus all of its service records.

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.