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Rolls-Royce Landspeed Collection honors record-breaking pioneer

The Rolls-Royce Wraith coupe and Dawn convertible might not be long for our market, but that doesn't mean they're being wholly ignored by their maker. In fact, Rolls-Royce just announced a new limited edition of the stylish pair: the Landspeed Collection. The Landspeed Collection cars honor 1930s speed record-holder Captain George Eyston, who achieved three land speed records, culminating in a run at 357.497 mph in 1938 at the Bonneville Salt Flats. The Rolls-Royce connection is that Eyston's car, the Thunderbolt, was powered by a pair of Rolls-Royce V12 aero engines. Each displaced 37 liters and produced more than 2,000 horsepower. Unlike the Thunderbolt, the Wraith and Dawn are powered by a single V12 engine, and its output is unchanged from stock. Nor do the Landspeed Collection Wraith and Dawn adopt the record-setting car's triple axles, eight wheels, and large triangular tailfin. More's the pity. Instead, the models are based on the Wraith and Dawn Black Badge. They're painted a two-tone Black Diamond Metallic and Bonneville Blue (a light silver-blue that's specific to this model). Among the unique details: dashboard engraving that mimics the fissured texture of the salt flats, an image of the Thunderbolt's silhouette embossed on the front tunnel, and a special clock that adopts some of the markings of the Thunderbolt. The Starlight Headliner is said to exactly match the night-sky appearance on the date when the final Thunderbolt speed record was set. Rolls-Royce will build 35 examples of the Wraith coupe and just 25 of the Dawn convertible. But even if you're as speedy as Captain George Eyston himself, you won't be quick enough to grab one — they're already sold out.

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 confirms Wraith convertible for 2015

Until a few years ago, the Rolls-Royce product portfolio revolved around one model line, and that was the Phantom. But with the launch of the Ghost in 2010, the Goodwood-based automaker is expanding further. As with the Phantom line, a long-wheelbase Ghost ensued, followed by a coupe in the form of the Wraith. And now, as might have been expected, Rolls-Royce has reportedly confirmed development of a new convertible based on the same platform.
The new cabrio will be based closely on the Wraith, only with a convertible roof. Expect the same 6.6-liter twin-turbo V12 that powers the Wraith to carry over with the same 624-horsepower output - the highest of any production Rolls-Royce - but with a bit more weight to push, the convertible ought to be a bit more sluggish off the line than the Wraith's 4.4-second 0-60 time.
We can also expect a higher sticker price, but closer to the Wraith's $320,000 MSRP than the Phantom Drophead Coupe's $470k. Whether Rolls opts to call it the Wraith DHC or use another nameplate entirely remains to be seen, but Autocar reports that the new Rolls cabrio won't arrive until 2015, so we've got a little while to go.