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BMW looking to save billions with cost cuts

BMW is planning a fairly extensive overhaul in a bid to recoup some its annual costs, with CEO Norbert Reithofer (pictured above) aiming to save three to four billion euro ($4 to $5.4 billion) per year to help keep the company's profit margins between eight and 10 percent, while also maintaining investments in production expansion and new tech. BMW's profit margins sat at 9.4 percent in 2013.
According to Automotive News Europe, Reithofer is none too pleased about costs at Mini and on the 1 Series, although neither AN nor its source story, from Germany's Manager Magazin, elaborate on what steps could be taken to improve losses on either project. That makes it hard to figure out just where the fat will be trimmed from.
What may happen, though, is that BMW attempts to trim 100 million euros ($135 million) from its German labor costs each year; a solution hinted at a few weeks ago by Germany newspaper Muenchner Merkur. While a dramatic cost reduction, 100 million euros still doesn't begin to even approach the savings envisioned by Reithofer.

2020 Mini E spy photos reveal its interior

The 2020 Mini E electric hatchback has been spied once again. It doesn't reveal much on the outside, in fact it actually shows less than the last time, since this one doesn't have the groovy concept-inspired wheels. But our spy photographer managed to get a good shot of the interior, which reveals some neat details. Chief among the interior's changes is the instrument panel on the steering column. While current gasoline-powered Minis have a typical needle-and-dial set of gauges on the column, those have been replaced by a thin screen. In an effort to keep it from looking too out of place, it has semi-circle ends and a chrome ring around the screen. Odds are that the actual screen will likely be in the middle, and additional warning and indicator lights will fill up the circular ends. Other than the screen, the only other major change is the shifter. Instead of the round leather knob of conventional automatic Minis, it has a more rectangular knob made entirely of plastic. The rest of the Mini's interior is like any other current model. The vents, controls and infotainment are all taken right from the other Minis. Interestingly, this Mini E has carbon fiber interior trim. This will probably be an option, not standard equipment. We expect the electric Mini Hardtop will make its debut sometime next year. If we're lucky, it may make the same 204 horsepower and 162 pound-feet of torque as the original Mini E and more than that car's 150 mile range. Related Video:

Mini ditches four-seat Countryman

Mini is walking away from the rear bucket seats in its Countryman crossover. MotoringFile.com reports that starting in 2013, the CUV will no longer offer just two seats in the second row. Originally, Mini was forced to offer the buckets due to National Highway Traffic Safety Administration rules governing the the minimum vehicle width for the allowance of three-wide seating. That rule was recently changed, which allowed Mini to offer the bench seat. Not surprisingly, few buyers have opted for the awkward bucket-and-rail configuration since. Moving forward, all Countryman models will also come with the vehicle's flat-load rear floor as well.
During our time with our long-term Countryman, we found the middle rail between the two buckets to be a bit gimmicky, especially given the fact that the cup holders were only large enough to accommodate a 12-ounce can.