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BMW recalling nearly 570,000 1 Series, 3 Series and Z4 models over electrical issue

BMW is recalling roughly 570,000 vehicles in the United States and Canada due to faulty battery cable connectors that can fail, causing the engines in these cars to stall. Of the nearly 570,000 affected vehicles, just over 504,000 are here in the US.
The affected vehicles include 1 Series coupes and convertibles (both 128i and 135i) from the 2008 to 2011 model years; 3 Series sedans, coupes, convertibles and sport wagons (both 328i and 335i) from the 2007 to 2011 model years; and Z4 roadsters from the 2009 to 2011 model years.
According to the National Highway Traffic Safety Administration, "the connector for the positive battery cable connector and the corresponding terminal on the fuse box may degrade over time," which can eventually lead to a break in the electrical connection and a loss of power in the vehicle. If the car loses power, the engine can stall, which could possibly lead to a crash. The Detroit News reports that BMW knows of one minor collision in Canada as a result of this problem, but no injuries.

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.

BMW may be planning AMG Black Series competitors

Word has it BMW has its heart set on giving the Mercedes-Benz C63 AMG Black Series a run for its money in the US. According to BimmerBoost.com, the German automaker has been making more and more noise about offering a number of specialty models aimed specifically at enthusiasts. While at the Detroit Auto Show this year, the BMW PR machine revealed 2013 will be "an interesting year" and that buyers can expect one or two products aimed specifically at swiping buyers from the clutches of the C63 AMG Black Series. The news came courtesy of Automobile writer Marc Noordeloos' Twitter machine.
Noordeloos reportedly interviewed several executives familiar with the M models while in Detroit, and says the M division would like to offer hardware like the M3 CSL, GTS or CRT to buyers here in the States. That sounds great to us, but saying something doesn't make it true, and manufacturers rarely find it in their hearts to bring money-losing machines to our green shores. Still, that won't stop us from crossing our fingers.