2009 Mini Cooper 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.

Utah man builds iRacing simulator inside 2005 Mini Cooper S

Brent Cheney is an artist and part-time racer who used to own a tuning shop for time attack cars. That's why, when he decided to get into iRacing and wanted an immersive simulator, he wouldn't settle for mere technical excellence. As first covered by Salt Lake City's KSL news, then in more detail by Motor Authority, Cheney decided he wanted to cut a car into pieces, and rebuild it in the basement of his Salt Lake City, Utah house with a racing sim inside. He needed "the right aesthetic," ruling out something like a Toyota Corolla, but he refused the sacrilege of cutting up anything too precious to an enthusiast. After narrowly missing out on buying a 1999 BMW M3 convertible, then turning to a Mitsubishi Eclipse done up in splashy green like Brian O'Conner's car in the original "Fast and Furious," he ended up with a Mini Cooper. The Brit was a better choice than the German and the Japanese, in fact, thanks to a hardtop that would create a dark enclosure, and seams and shutlines in the right places to hide the necessary cuts.  Cheney found a 2005 Cooper S that had been junked over an engine issue, getting the coupe for $1,000 and parting out the internals he didn't need for the same $1,000 he paid. After watching a YouTube video on how to cut a car, he dismembered the Cooper into seven pieces with a cordless reciprocating saw wielding a Diablo Steel Demon 6-inch blade, and carried the pieces into his man cave. He reassembled those pieces on a wood base with the aid of 200 brackets and many more sheetmetal screws, nuts, and bolts. Once the car was put back together, body parts and trim pieces hid all the seams. Before reinstalling the interior, the artist laid in the sim equipment. After doubling the minimum requirements for iRacing, Cheney's system included an Intel Core i9 8-core processor NVIDIA GeForce RTX 2080 8 GB Founders Edition video card running Windows 10 inside a Thermaltake PC case under the Cooper S hood, as the new "engine." A Fanatec Podium DD1 direct-drive steering column and wheel and Fanatec V3 pedals went in the cabin, along with a Harman Kardon home theater 5.1 surround sound system. He mounted the wheel on the Mini's steering column with a fabricated adapter, put the Fanatec pedals where the car's pedals had been, put a ButtKicker Mini transducer in the original Mini seat for extra realism, and hid all the wiring beneath the carpet and interior trim components.

Mini's not-so-mini Urbanaut minivan concept comes to life

BMW-owned Mini showcased one way it could branch out into new segments when it unveiled the Vision Urbanaut concept in late 2020. At the time, the design study existed merely in a series of digital renderings. It hasn't been approved for production yet, but it was recently transformed into a real concept car that people can experience. Executives argued the idea of an electric Mini minivan isn't as far-fetched as it might sound. "We have developed an idea of how we can take the Mini attributes — as here, with the focus on the clever use of space — into the future of mobility and interpret them in a typically Mini way," said company boss Bernd Korber. Clever use of space was the original Mini's claim to fame thanks in part to an ingenious drivetrain layout, and the Urbanaut takes it to a new level. Longer than a Countryman and shaped like the box it came in, it offers a lounge-like cabin that can be configured in a variety of different ways depending on the number of passengers it's carrying, and whether someone is driving. Mini created three profiles called Chill, Wanderlust, and Vibe, respectively. Chill lets the passengers relax, work, or sleep with minimal distractions while the Urbanaut drives itself. In this mode, the instruments and switches on the dashboard are hidden out of sight to make users feel like they're in a living room, not in a car. Wanderlust allows passengers to choose whether they want to drive or be driven. Vibe may as well be called Party; it configures the Urbanaut's lights and screens to make users feel like they're in a club. Alternatively, users can configure their own driving profile thanks to a feature named My Moment. While the Urbanaut doesn't look like a traditional Mini, it will (hopefully) smell like one. For the first time, Mini is linking its brand identity to a fragrance. We can't convey a smell over the internet, there's not an app for that yet, but we're told it is refreshing and discreet. It's accompanied by a welcome sound that greets users as they enter the cabin. Mini will present the Urbanaut concept to the public for the first time at the Digital-Life-Design (DLD) Summer Conference opening July 1 in Munich, Germany. What happens next hasn't been revealed yet. While we'd be surprised to see it land in showrooms, something like it could zig-zag across major cities in the coming years. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.