1966 Mini Cooper S on 2040-cars

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Mini Paceman modified by Roberto Cavalli for annual Life Ball charity

This year's award for Life Ball Mini designer goes to Roberto Cavalli. The Life Ball is a charity event held in Vienna, Austria every year that raises money to fight the spread of HIV and AIDS. Since 2001, the year of its reintroduction, Mini has been involved with the ball, auctioning a car that has been made over by a world-famous designer. This year Cavalli gets the nod and a Paceman for a canvas.
The iridescent brown/black paint is the eye-catcher in the sketch above (click to enlarge), but don't forget to note Cavalli's logo on the roof. We're not sure what other flourishes he has in mind for the car, but those in attendance will find out on May 24 when it's unveiled at the Cavalli store opening in Vienna. The press release below has more details.

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.

Mini to introduce all-wheel-drive Clubman

The latest Mini Clubman shows how the diminutive brand will go in a larger, more utilitarian direction in the future. The next step might make the wagon an even more versatile option for buyers. A rumor from MotoringFile that cites "sources familiar with the plans" claims that the vehicle will get the automaker's next-gen All4 all-wheel-drive system as soon as spring 2016. Allegedly the all-wheel-drive system derives from the setup that's available on the BMW 2 Series Active Tourer, which shares the Mini's UKL platform. The layout uses a multiple-disk clutch at the rear axle to manage power to the back wheels and can route up to 100 percent of the grunt to the tail in a pinch. When extra traction isn't needed there, power goes exclusively to the front. The All4 system will allegedly be available on both the Clubman Cooper and Cooper S models, and MotoringFile estimates the cost of ticking the option box at around $1,500. After introducing the tech on the standard versions, a hotter John Cooper Works model capable of powering all of its wheels will also reportedly begin production around next November. Mini will reportedly also offer this all-wheel-drive tech in the next-generation Countryman. The vehicle will use the UKL platform like the rest of the brand's lineup, but the crossover will grow even larger to look more off-road ready, according to rumors. We reached out to Mini USA spokesperson Mariella Kapsaskis, who says "she can't confirm anything officially about an all-wheel drive Clubman or JCW variant." Related Video: