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Supply chain issues force stick-shift out of Mini lineup

Mini has temporarily stopped building cars equipped with a manual transmission due to supply chain-related issues. The company decided to prioritize production of automatic vehicles, which outsell stick-shifted models by a wide margin, and the move might be permanent. "Current circumstances, including the war in Ukraine and semiconductor shortages, are causing supply chain restrictions across the global automotive industry. In order to secure maximum production output to meet increasing customer demand, our product offer needs to be simplified," a representative for the BMW-owned firm told British magazine Autocar. Mini added this is the best way to avoid delivery delays. Affected models include the two- and four-door variants of the Hardtop, the Convertible and the front-wheel-drive Cooper S Clubman. This isn't the first time that Mini goes automatic-only; it temporarily stopped importing stick-shifted cars in early 2019 due to calibration-related issues. While the manual quickly made a comeback, whether Mini will resume building cars with three pedals this time around is unclear. Similarly, what effects this decision will have on the American market (beyond the obvious lack of a manual transmission option) remains up in the air. There may be pricing implications. Adding a seven-speed dual-clutch automatic transmission to the 2022 Hardtop Cooper two-door cost $1,500, while the Cooper S model's automatic was priced at $1,750, so it's not unreasonable to assume that pricing will go up. Autoblog has contacted Mini to learn more about this decision, and we'll update this story if we hear back. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

BMW sold 2.49 million BMW, Mini and Rolls-Royce vehicles in 2018

FRANKFURT — German carmaker BMW on Tuesday said it achieved record sales of 2.49 million BMW, Mini and Rolls-Royce vehicles last year. "BMW Group achieved record sales in 2018. 2.49 million vehicles mean the BMW Group is the world's leading premium automotive company for the 15th year running," Chief Executive Harald Krueger said. In 2017, BMW Group sold 2.46 million vehicles. Daimler has not yet released annual sales figures for Mercedes-Benz passenger cars, so it remains unclear whether BMW brand overtook Mercedes-Benz in terms of sales in 2018. Sales of BMW, Mini and Rolls-Royce cars were higher than Mercedes-Benz in 2017.

The UK votes for Brexit and it will impact automakers

It's the first morning after the United Kingdom voted for what's become known as Brexit – that is, to leave the European Union and its tariff-free internal market. Now begins a two-year process in which the UK will have to negotiate with the rest of the EU trading bloc, which is its largest export market, about many things. One of them may be tariffs, and that could severely impact any automaker that builds cars in the UK. This doesn't just mean companies that you think of as British, like Mini and Jaguar. Both of those automakers are owned by foreign companies, incidentally. Mini and Rolls-Royce are owned by BMW, Jaguar and Land Rover by Tata Motors of India, and Bentley by the VW Group. Many other automakers produce cars in the UK for sale within that country and also export to the EU. Tariffs could damage the profits of each of these companies, and perhaps cause them to shift manufacturing out of the UK, significantly damaging the country's resurgent manufacturing industry. Autonews Europe dug up some interesting numbers on that last point. Nissan, the country's second-largest auto producer, builds 475k or so cars in the UK but the vast majority are sent abroad. Toyota built 190k cars last year in Britain, of which 75 percent went to the EU and just 10 percent were sold in the country. Investors are skittish at the news. The value of the pound sterling has plummeted by 8 percent as of this writing, at one point yesterday reaching levels not seen since 1985. Shares at Tata Motors, which counts Jaguar and Land Rover as bright jewels in its portfolio, were off by nearly 12 percent according to Autonews Europe. So what happens next? No one's terribly sure, although the feeling seems to be that the jilted EU will impost tariffs of up to 10 percent on UK exports. It's likely that the UK will reciprocate, and thus it'll be more expensive to buy a European-made car in the UK. Both situations will likely negatively affect the country, as both production of new cars and sales to UK consumers will both fall. Evercore Automotive Research figures the combined damage will be roughly $9b in lost profits to automakers, and an as-of-yet unquantified impact on auto production jobs. Perhaps the EU's leaders in Brussels will be in a better mood in two years, and the process won't devolve into a trade war. In the immediate wake of the Brexit vote, though, the mood is grim, the EU leadership is angry, and investors are spooked.