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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.

Mini Superleggera Vision Concept keeps us hangin' on [w/video]

Mini's Superleggera Vision Concept may not be a Paris Motor Show debut, but this is the first time we've seen this stunning all-electric roadster in the metal, having been first shown on the tony shores of Lake Como at Villa D'Este in May. While it's small in stature, it's still big on both presence and detail, from its overall stubby yet sleek proportions to its Union Jack taillamps, Jaguar-esque rear fin and elegant rearview mirrors.
We still don't know much more about what powers this Touring Superleggera coachbuilt showcar, as any powertrain specifics are conspicuous by their absence, but we'd welcome both a pure electric version and something powered by the BMW/Mini turbocharged three-cylinder currently making the rounds in the new Mini Cooper.
Last we heard in September, any decisions on a production future for the Superleggera Vision have been tabled, with word being that a further six months of study is planned before Mini decides to greenlight or nix the project. We'd love to tell you that the fact that it's here in Paris is a great sign, but we wouldn't believe us, either.

2015 Mini Cooper stuns crowd, itself [w/videos]

Remember the Mini Rocketman concept from 2011? While we were really, really hoping for a production version - a properly mini Mini - that never happened. And it won't. But what we are getting is a whole lot of that showcar's styling cues applied to the third-generation Mini Cooper hardtop, a model making its debut here at the LA Auto Show. And while from most angles, the new Mini is as cute as ever, we just can't quite warm up to that face - or that huge front overhang. The car simply looks like a frightened goldfish (that yellow paint isn't helping, either).
The car simply looks like a frightened goldfish (that yellow paint isn't helping, either).
It should probably be pretty nice to drive, though, with the base Cooper using a new turbocharged 1.5-liter three-cylinder engine good for 134 horsepower and 162 pound-feet of torque. Friskier Cooper S models get a healthy power increase, their 2.0-liter turbo engines putting out a full 189 hp and 207 lb-ft, with both engines are mated to either a six-speed manual or automatic transmission.