1980 Rolls-royce Silver Wraith Ii, Only Year W/fuel Injection, Lwb, Excellent!! 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.

Former Princess Diana Rolls-Royce being auctioned for charity [w/video]

While it isn't that uncommon to see cars belonging to celebrities and dignitaries roll across the auction block these days, this car is a little extra special. This particular 1979 Rolls-Royce Silver Shadow was the car that Prince Charles and Princess Diana arrived at the White House in during a visit in 1985. As some added trivia, this was also the visit where Princess Di cut a rug with none other than John Travolta.
Volo Auto Museum will be auctioning off this piece of American and British history on November 9th - exactly 27 years from Princess Di's White House visit. According to the auction listing, this armored Silver Shadow was the official car of the UK's embassy, and it has been valued at around $2 million by the Berman Museum of History. The auction will have no reserve with some of the proceeds going to the Children with Cancer UK charity that Princess Diana started in 1988.
Scroll down for more information about this car and its auction as well as a video showing Prince Charles and Princess Diana arriving at the White House in the car back in 1985.

Rolls-Royce builds its second Boat Tail, one with a pearl theme

Last year, Rolls-Royce introduced the stunning Boat Tail custom-built convertible. Even with a rumored cost of around $30 million, the company had three buyers. The second of the three cars has been revealed, and this one is themed around pearls. Apparently the buyer's father harvested pearls, and the buyer runs the business that stemmed from it. So that's where the theme came from, and Rolls-Royce ran with it. The exterior's rosy white paint with white and bronze flake, and the contrasting hood, are based on the oyster shells the buyer provided for inspiration. The rear deck features a walnut veneer with brushed-finish rose gold pinstripes. The Spirit of Ecstasy hood ornament is also rose gold-plated. The interior has leather that matches the exterior paint. The center tunnel is again covered in the same walnut veneer as the rear deck. The clock and the gauges feature mother-of-pearl in the faces, and the clock's material came from the buyer's personal collection. As with the other Boat Tail models, the car has a split-opening rear that houses dishes and flatware, as well as an umbrella. The umbrella can be attached to the rear, and fold-out chairs allow the car to be the ultimate outdoor eating location. The entire car is also hand-built with custom aluminum panels. Powertrain details weren't given, though being based on the Phantom, it probably has the same turbocharged V12, eight-speed automatic and rear-wheel drive as the mainline sedan. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.