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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.

Preserving automotive history costs big bucks

$1.8 million is spent each year to maintain GM's fleet of 600 production and concept cars.
When at least two of the Detroit Three were on the verge of death a few years back, one of the tough questions that was asked of Ford, General Motors and Chrysler execs - outside of why execs were still taking private planes to meetings - was why each company maintained huge archives of old production and concept vehicles. GM, for example, had an 1,100-vehicle collection when talk of a federal bailout began.

BMW stripes up X6 M Design Edition

There's something that makes red, dark blue and light blue stripes running up the fenders and down the flanks of a white car just that much more eye-catching. Whether it's a Martini Racing liveried racecar or something from the BMW skunkworks, they just draw long looks nothing else can. And here's the latest.
The BMW X6 M Design Edition upgrades on the standard X6 M with such special touches as 21-inch alloys, a carbon front splitter and rear splitter, black grilles and diffusor, and of course, those iconic racing stripes, which come as an option on this model.
The interior has been done up in black leather with Mugello red accents and piano black trim. Only 100 individually-numbered examples will be offered, and given that this one's wearing German plates, we doubt there's much chance many (if any) will make it Stateside. But then again, you could always spec up your own X6 M with most if not all of the same trim and forgo the little number plate on the dashboard.