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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:

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 debuts super limited Ghost Mysore edition

Rolls-Royce is celebrating the history of India with its latest, extremely limited edition of the Ghost Extended Wheelbase called the Mysore Collection. Just three of these specially upholstered versions are being made. These Ghosts are dedicated to Mysore, India, and to the Tipu Sultan there in the 18th century. They receive a two-tone blue and silver livery with a pinstripe featuring a stylized peacock running down the side. For the interior, they feature light-colored wood, white leather and blue carpets. However, the most obvious change for this limited edition is the inclusion of a tiger on each headrest. Rolls did make one rather odd decision for this commemoration of India. According to the luxury brand's Facebook post about them, the three special Ghosts are only for sale in Abu Dhabi. Although, the brand says, "In Arabic, Mysore also refers to wealth and power." Rolls-Royce Bespoke Ghost Mysore Collection 'In this world I would rather live two days like a tiger, than two hundred years like a sheep.' Tipu Sultan - 'The Tiger of Mysore.' Tipu Sultan was the ruler of 18th century Mysore in India. In Arabic, Mysore also refers to wealth and power. The Bespoke Ghost Mysore Collection takes inspiration from this, and each of these extended wheelbase models are adorned with symbols of success. Ghost Mysore will be available exclusively in Abu Dhabi. Only three have been created. Related Video: Featured Gallery Rolls-Royce Bespoke Ghost Mysore Collection News Source: FacebookImage Credit: Rolls-Royce Design/Style Rolls-Royce Luxury Sedan rolls-royce ghost