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Reverse-engineering i3 shows BMW profits after 20,000 sales

"This is, without a question of a doubt, the most advanced vehicle on the planet. It's as revolutionary as the Model T was when it came out." That is exceptionally high praise, and it's not even being heaped on one of the million-dollar hybrid hypercars from Ferrari or McLaren. It's not even being attributed to a particularly zealous Tesla fan. Nope, it's coming from a mustachioed man in suburban Detroit, and he's discussing a $42,400 BMW hatchback with Forbes. Of course, said hatchback is the revolutionary i3, and Sandy Munro's statements carry some degree of authority, as his company is tearing apart and analyzing every little nut, washer and bolt on the four-seat EV. Munro's eponymous company performs reverse-engineering analysis, meaning they rip apart brand new cars and sell the information to the world's automakers, saving OEM's both time and money. The most interesting thing it has discovered thus far? That even with the high costs of two of the i3's most important elements – carbon-fiber-reinforced plastic and lithium-ion batteries – his company's analysis shows that BMW need only sell about 20,000 units a year to turn a profit, Forbes reports. While Munro's company is often contracted by automakers, he's gone it alone on the i3 project, dropping about $1 million into in-depth analysis. That's a lot of money, but the company should be able to turn around and sell its findings for about $500,000, with a batch of Chinese automakers already queued up and ready to buy. Analysis of individual i3 components will also be available from a sort of a la carte menu. To see what it is about the i3 that has Munro speaking so highly of it, head over to the Forbes website and check out the feature article and video on the reverse-engineering process. Featured Gallery 2014 BMW i3: First Drive View 33 Photos News Source: ForbesImage Credit: Copyright 2015 Sebastian Blanco / AOL Green BMW Hatchback Electric Sandy Munro

Autoblog Minute: Nokia to sell Here mapping for $3.1B

In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia's Here mapping technology. Autoblog's Eddie Sabatini reports on this edition of Autoblog Minute. Show full video transcript text [00:00:00] In a battle for Nokia's highly coveted mapping technology the auto industry claims victory over Silicon Valley. I'm Eddie Sabatini and this is your Autoblog Minute. In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia's Here mapping technology. The Wall Street Journal writes that the automakers had concerns that the technology might fall under the [00:00:30]control of companies like Google, Uber, or Apple. The purchase, worth a reported 3.1 billion dollars, is still subject to antitrust evaluation before it's finalized; but this early news is already a big win for the German three. Ownership of Nokia's Here tech means that automakers won't lose control of the information systems that go into their cars. The deal, if approved, is expected to close in first quarter of 2016. For Autoblog, I'm Eddie Sabatini. [00:01:00] Autoblog Minute Logo Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Audi BMW Autoblog Minute Videos Original Video

2017 BMW i3 gets $1,200 price increase for new, bigger battery

The 2016 BMW i3 started at $43,395 (including the $995 destination fee). The all-electric 2017 BMW i3 with the new 94 Ah battery will start at $44,595 while the REx (Range Extender) version of the new car starts at $48,445. Both of those prices also include the destination fees. The good news is that you get a lot more electric vehicle for your EV bucks. As we learned in May, the 2017 i3 is getting a much larger battery pack than the 2016 model. Instead of a 22-kWh pack that offered 81 miles of range, the 2017 i3s have a 33-kWh pack that'll take you 114 official miles. In other words, if you only care about battery capacity, you're paying just over $100 per kWh of extra capacity for a new i3 now. Or you can look it as a 50-percent capacity increase for about a thousand dollars. Either way, the cost of more electric miles is not as expensive as it once was. Just as predicted. There will also be some new standard equipment that comes with the 2107 i3: Deka World – Interior Design Loft No Cost DC Fast ChargeNow available for 2 years Advanced Real Time Traffic Information Universal Garage Door Opener 19-inch wheels Comfort Access There are two new options as well, the Protonic Blue color and the Dark Oak Wood Trim. BMW is also offering the BMW Performance Center Driving Experience for both of its i vehicles, the i3 and the i8, to interested drivers. Related Video: Featured Gallery 2017 BMW i3 View 26 Photos News Source: BMW Green BMW Electric Hybrid