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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.

Next Mini Clubman nearly ready to haul

With the three- and five-door Mini Hardtop models successfully hitting the market and the pending arrival of the hot John Cooper Works model at next week's Detroit Auto Show, Mini can turn its eye toward another important model, in the form of its next-generation Clubman, which our spies have spotted testing on the roads of Germany. Aside from the rear barn doors, the next Clubman looks to have a lot in common with the new five-door Hardtop, which makes sense considering how much the current car has in common with the R56 that it's based upon. That similarity ends quickly once you take a look inside the cabin. The typically open Mini cabin is more dramatically segmented in the new Clubman, with a high transmission tunnel that separates the driver and passenger. In a worrying move for fans of parking lot shenanigans, Mini is moving to an electronic parking brake in its new model, although beyond that, the center stack is similar to the redesign Mini pushed through for this latest generation. As is the case with the current Clubman, the next-gen will likely share its engines and gearboxes with the Hardtop, meaning a base 1.5-liter, three-cylinder turbo in the Cooper Clubman and a 2.0-liter, turbocharged four-cylinder in the Cooper S Clubman. Six-speed transmissions, in both two- and three-pedal varieties, will likely also be offered. Check out our gallery of spy photos of the new Clubman, up at the top of the page.

Question of the Day: What's the greatest British car ever?

The British automotive industry has produced everything from high-production econo-commuters to staggeringly luxurious oligarch-wagons, along the way winning plenty of races and building plenty of beautiful machines. The original Mini led directly to the past half-century of transverse-engine, front-wheel-drive cars built everywhere, the MGB put the sporty little convertible into everyone's reach, and the Morris Oxford became the most beloved motor vehicle in India. So many to choose from, but we want you to pick one. What will it be? Related Video: