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Mini teases high-performance electric hatch as a safety car

Mini has made it clear that it's working on some sort of high-performance electric Mini. It even released photos of such a prototype back in December. Now it seems we may get a look at a more finished example in the near future. The company put out the above teaser on Twitter. The teaser is quite light on information, but the hashtag "#ElectricThrillMaximised" makes it pretty clear that it's not running on gasoline or diesel. Playing with the image in Photoshop, we were able to brighten it up enough to see that there aren't any tailpipes, either. Instead, there's a rear fog light in the middle of the diffuser. What's also interesting is that from what we could make out of the fender flares, they're very wide, but they don't look like the unusual carbon fiber pieces from the John Cooper Works GP. So Mini has done some work to make it a little more than just an electrified GP. Of course, we've skipped over the obvious part of this teaser, and that's the bright lights that seem to identify the Mini as a pace car or safety car. We think this Mini might become a safety car for Formula E. Not only would an electric car make sense for the electric racing series, but BMW has provided i model cars as safety cars for the series for a few years now, despite the company no longer competing. Certainly BMW could also use something like the new i4, but with Mini going fully electric a few years down the road, why not start associating the brand and the alternative fuel now? We're not sure when the car will be revealed, though. The teaser didn't provide any pertinent information, and the Formula E season is already underway. But hopefully it won't be too long, since it looks like the car is finished, at least for pace car purposes. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Future Mini JCW models likely to be electrified

High-performance Mini Coopers need to be small, nimble, and relatively quick. One thing they don't necessarily need to be, according to the company's U.S. leadership, is gasoline-powered.  In an interview with Motor Authority, Mini USA Vice President Mike Peyton said that electrification is on the table for the range-topping John Cooper Works variants, which have traditionally been powered by a high-output turbocharged engine. The latest and greatest in the lineup, the 2020 Mini John Cooper Works GP, takes the formula to a new extreme, pairing a 301-horsepower mill with out-of-this-world aero. Peyton says that powertrains don't necessarily have to sound or feel the way traditionalists expect in order to be fun. It certainly doesn't have to feel that way in order to be fast; Tesla drivers can attest to that, as can those who have been fortunate enough to pilot some of the latest electrified hypercars.  He also acknowledged that while the future may be electric, that future is still a ways off. Mini is still waiting for advances in battery technology that will allow its performance models to deliver on other key expectations — namely handling. Minis are expected to be, well, miniature, and the additional weight of a current-generation, high-capacity battery is antithetical to that formula.  The take-away? The future of Mini performance is electric, but that future is still distant. So while the Mini Cooper SE and Mini E Countryman plug-in hybrid may give us a taste of Mini's approach to electrification, it could be some time before we see the company's highest-performance variants dabble in same space. 

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.