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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.

This BMW i8 gains Alpina V8 power thanks to tuner

German engineering firm Gabura Racing Technologies will strip out everything that makes a BMW i8 green in an effort to create a much wilder machine. Rather than a plug-in hybrid with a turbocharged three-cylinder, the company will cram in a twin-turbo V8. The firm even intends to produce a limited run of these insane conversions for customers. Gabura hasn't actually built one of these beasts yet, but it provided several glimpses of how it would work at the 2015 Professional MotorSport World Expo in Cologne, Germany. The company stuffs the engine under the front end in what looks like a quite snug fit. In several of the photos, the top of the valve covers even appears to be above the base of the windshield. According to BBC Autos, this mill is the S63 4.4-liter turbocharged V8 from the M5 and M6. Additional tuning with some help from Alpina allegedly pushes output to around 760 horsepower – more than double the i8's stock figure. One of Gabura's own six-speed sequential gearboxes reportedly transfers the power to the wheels. Gabura recently posted on Facebook that the engineers are now ready for the first conversion. They promised to "completely rebuild it inside-out, fueled with racing technology." We're very curious to see how an i8 looks and sounds after such a significant transformation.

Intel-Mobileye tech in 2M BMWs, VWs, Nissans will crowdsource maps for autonomy

Intel Chief Executive Brian Krzanich said on Monday 2 million vehicles from BMW, Nissan and Volkswagen would use its unit Mobileye's technology to crowdsource data for building maps that enable autonomous driving. The world's largest chipmaker bought Israeli firm Mobileye last year to compete with peers such as Qualcomm and Nvidia Corp and tap the fast-growing market of driverless cars, filled with a complex tangle of alliances. (VW, for example, is also working with Nvidia.) Krzanich was the keynote speaker at the Consumer Electronics Show. He said data from Mobileye's Road Experience Management software would gather data to build and update scalable high-definition maps. He also announced that Intel would be working with Ferrari on AI drones to cover Ferrari Challenge North America Series racing. The drones would provide video of the races, but ultimately they would provide drivers with data — video that would let them see their racing performance from overhead, but also telemetry information about, say, how they enter and exit a turn. Intel will also tie up with SAIC Motor Corp, which will use Mobileye technology to develop Level 3, 4 and 5 autonomous cars in China, the chipmaker said. Krzanich also said Intel had not received any information of customer data being compromised so far after the company confirmed last week that security issues reported by researchers in its widely used microprocessors could allow hackers to steal sensitive information from computers, phones and other devices. Security researchers had disclosed two security flaws exposing vulnerability of nearly every modern computing device containing chips from Intel, Advanced Micro Devices and ARM Holdings. Reporting by Philip GeorgeRelated Video: Image Credit: Intel Auto News Green CES BMW Ferrari Nissan Volkswagen Technology Autonomous Vehicles CES 2018 nvidia intel mobileye