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Mini sells 500,000th car in US

Mini has officially sold 500,000 vehicles in the United States. The achievement came just a few days after the company commemorated its 11th anniversary in America. When the automaker first opened its doors to US buyers in 2002, it sold just 24,590 unis. Last year, the automaker moved 66,123 vehicles thanks in part to an expanded lineup that now includes the Clubman, Countryman, Coupe, Roadster and Paceman in addition to the stalwart Hardtop and Convertible. The company plans to have some 130 dealerships nationwide by the end of 2013; there are currently 116 Mini dealers in the US.
Mini helped reignite an interest in small cars with plenty of personality when it debuted the Cooper 11 years ago. The move helped pave the way for machines like the Fiat 500, Ford Fiesta and Chevrolet Sonic. Check out the quick press release on the 500,000th Mini model below.

2020 Mini John Cooper Works Clubman, Countryman crack 300 horsepower

Mini got our attention a few months ago when it announced the upcoming Mini John Cooper Works GP would get over 300 horsepower. But apparently Mini's ultimate hot hatch isn't the only car getting a major power infusion, as the company announced the 2020 Mini John Cooper Works Clubman and Countryman are both getting 300-horsepower engines. Specifically, they'll make 301 horsepower each along with 331 pound-feet of torque from a revised 2.0-liter inline-four. That engine features a stronger crankshaft, new pistons and rods and a lower compression ratio to handle extra boost. All the power is sent through a standard all-wheel-drive system that comes with a mechanical limited-slip differential up front. Like past all-wheel-drive Minis, the system mainly operates in front-drive mode until slippage is detected, at which point power goes to the rear. The all-wheel-drive system has been beefed up with stronger gears and rear axles. Launch control is a standard feature, too. Also standard, a bit disappointingly, is an eight-speed automatic transmission. No manual will be offered on these models. Hopefully manuals will still be offered on later JCW Hardtop and Convertible models. These engine and drivetrain changes help the Clubman and Countryman improve their 0-to-60 mph times by about 1.5 seconds. The Clubman now gets to 60 mph in 4.9 seconds, and the Countryman in 5.1 seconds. Both Minis are the first to be given a 155-mph electronic speed limiter, too. Previous models didn't have enough power to reach that mark. Mini John Cooper Works Countryman View 4 Photos Mini also made some upgrades in the handling and stopping departments. Both models get additional chassis bracing along with small suspension revisions. A package with electronically adjustable shocks is available. The rear brakes now feature fixed four-piston calipers. Front brake rotors are 14.2 inches in diameter, while the rears are 13 inches. Despite these major mechanical upgrades, visual changes are extremely subtle. The Clubman has a different main grille insert and the new Union Jack taillights, but the Countryman is effectively identical to the current model. The interiors on each are basically unchanged as well. Pricing and availability have not been announced yet. Since large portions of the vehicles are shared with the current model, we would expect to see them go on sale at least within the year, possibly in the next few months. Prices likely won't change too much from the current model year.

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.