08 Bmw M5 Financing Cpo Warranty 57k Navigation Active Seat Leather Smg Moonroof on 2040-cars

Auto blog

BMW X1 EV for Zinoro spotted

BMW has teamed up with Chinese automaker Brilliance Automotive to create a joint venture in China, called Zinoro, and it appears that an all-electric version of the X1 crossover is to be the brand's first model. Spotted testing in Munich, these spy shots show a more camouflaged version of the X1 EV that we saw back in April.
Comparing these latest spy shots, we can see that the Zinoro model will wear a completely unique front fascia that ditches BMW's trademark grille, but few other changes seem to be taking place. Previous reports indicate that this Zinoro EV could go on sale in China early next year.

BMW spied testing new Alpina B7

Just last month BMW released the 2016 7 Series, ushering in a new era for the Bavarian automaker's flagship luxury sedan. And fans of big European performance sedans know what that means: Yes, a V12 model to follow, and maybe an M Performance variant at some point in the future. But before that, we're getting a new Alpina B7. Spied leaving BMW's test center at the Nurburgring, this camouflaged prototype for the new B7 appears to be wearing Alpina's signature low-key visual enhancements. Those include a subtle aero kit and upgraded rolling stock. Though we're only looking at it from the outside, you can expect the interior to feature some similarly discreet upgrades as well. The bigger question is what Alpina will have done to the new 7 underneath the bodywork. The outgoing B7 packed a 4.4-liter twin-turbo V8 with 540 horsepower and nearly as much torque, netting a 0-60 time quoted at 4.3 seconds and an autobahn-crunching top speed of 194 miles per hour. Hardly a slouch, then, but the new Alpina B7 is tipped to pack 600 horsepower or more, which ought to give the high-powered, high-speed, and high-end likes of the Mercedes-AMG S63, Audi S8, Maserati Quattroporte, and Jaguar XJR a run for their considerable money. We smell a battle heating up amidst all that burning rubber and sumptuous leather.

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.