2006 I Used 4.8l V8 32v Automatic Rwd Convertible Premium on 2040-cars

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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.

BMW i introduces home energy storage using i3 batteries

What happens when you take the battery out of a BMW i3 and put it into a grid-connected box? According to BMW, you get a home energy system that, "integrates seamlessly with charging stations and solar panels." It should also give i3 owners a bit more value out of their used cars, if BMW ever explains how they can sell their cars or the batteries back to the company for use in a system like this. Announced at the EVS29 event in Montreal today, BMW's stationary energy storage system solution uses i3 batteries to store excess electricity when available for use in power outages or when demand is high. While the system uses new 22- or 33-kWh i3 packs now, it "can be expanded to incorporate 2nd Life Batteries as they become available in the market." BMW says that the average US household used 15-30 kWh of electricity a day in 2014, so the BMW's packs would hold enough juice for a day or two, depending on the situation. Currently, BMW is testing out repurposing used Mini E batteries in a solar electric grid system at the BMW Group Technology Office in Mountain View, California. Related Video: Battery storage system electrified by BMW i announced at EVS29 in Montreal. The BMW i3 battery system – from the power source of the Ultimate Driving Machine – is integrated into an intelligent storage solution for residential and commercial applications. Montreal, Quebec June 21, 2016. ... BMW i, a leader in innovative electromobility since 2011, announced a stationary energy storage system solution integrating its BMW i3 vehicle battery at the Electric Vehicle Symposium & Exhibition 29, making it the first automotive manufacturer to utilize a complete automotive high-voltage battery for energy storage. The battery storage system electrified by BMW i, enables customers to more fully realize their commitment to sustainability – and to take the next step towards energy independence. With this system, which integrates seamlessly with charging stations and solar panels, customers can offset peak energy costs and also enjoy the added security of an available backup energy supply during power outages. The system utilizes BMW i3 high-voltage batteries and can be expanded to incorporate 2nd Life Batteries as they become available in the market. This strategy will extend the useful life of the battery for the owner, even beyond in-vehicle use.

Watch a trio of Santas ride up Mulholland Drive

Santa Claus might have his eight reindeer - or nine, when it's foggy - to help him deliver presents in most parts of the world, but in southern California, it looks like he's traded up from Dasher, Dancer, Prancer and company to BMW, Yamaha and Ducati. RNickeyMouse is usually the place to check out spectacular motorcycle crashes on video along LA's Mulholland Drive, but a recent video caught a trio of Santas carving up the iconic, twisty road.
The three Santas are together, riding what appears to be a BMW S1000RR, Yamaha R1 and a hard-to-tell custom bike that could be a Ducati 1098. The video, which is posted below, also catches a bonus Santa riding solo on another S1000RR. Happy Christmas to all, and to all a cool bike!