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Automakers are getting nervous about Europe's economy

Carmakers BMW and Stellantis on Thursday expressed concerns about Europe's economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and hitting their shares. "Obviously the macro(-economic situation) in Europe is more challenging, which gives me pause, personally," Stellantis chief financial officer Richard Palmer said on a conference call with analysts. "If there was anywhere where I was more concerned, it would be Europe than anywhere else really based on the macro." This follows a dire assessment of consumer sentiment in Europe from the likes of consumer goods company Unilever and news of lower spending by Europeans from Amazon. Like other major auto companies, Stellantis and BMW have been hit by supply chain disruptions stemming from the global coronavirus pandemic that have curtailed car production. They have also benefited from strong consumer demand amid low vehicle supply, allowing them to raise prices and keep them high even as the semiconductor shortage shows signs of easing. BMW posted a 35.3% jump in third-quarter revenue despite a small drop in vehicle sales. Stellantis said its revenue rose 29% on the back of a 13% increase in vehicle sales as more semiconductors became available. The concern among analysts has been that demand may falter, just as carmakers get their hands on the supplies they need, undermining pricing and hurting profits. But this week Ferrari said it was confident about its prospects for this year and 2023 as demand for its luxury cars, as well its pricing power, remained strong. Both BMW and Stellantis said on Thursday they had vehicle order books that stretched into the second quarter of 2023. But BMW's chief financial officer Nicolas Peter said high inflation and rising interest rates could hit buyers' wallets. "This is causing conditions for consumers to deteriorate, which will affect their behaviour in the coming months," he said. "We therefore continue to expect our higher-than-average order books to normalise, especially in Europe." He added customers had been unhappy about the wait for new cars, so "a slight reduction (in orders) would not be negative." Palmer said Stellantis was "ready for any softness in demand" but in the short term had been affected by a shortage of drivers to deliver its cars to dealers. "At the moment, we can't build enough cars," he said.

Creative minds build lightweight Lambos and Bugattis with cardboard and pedals

As manufacturers continue their quests to reduce the weight of their vehicles, they switch out heavy steel for lighter materials such as aluminum, carbon fiber, titanium, and sometimes even magnesium. But they've been ignoring a cheap alternative that is widely available: cardboard. Leave it to two visionaries from Vietnam to crack the code and build supercars and superbikes out of the versatile paper product. Vietnamese YouTube channel NHET TV, via CarScoops, might only have a year under its belt, but in that short amount of time, it has amassed more than 350,000 subscribers. What initially started out as a random collection of harmless pranks, trolls, and makeshift time-killers has blossomed into an entertaining channel of ultra-low-budget car and motorcycle builds.  The first video posted is a paper plane competition, but the second video shows the first appearance of a vehicle, a Ducati Panigale made out of cardboard and a bicycle. This isn't like Paper Mario with a two-dimensional silhouette, it's a close-enough three-dimensional replica. That project was admittedly pretty rough, but the work has only improved as the channel has matured.  Throughout the past year, NHET TV has stuck with high-performance transportation for inspiration. They've built projects that mimic a Lamborghini Sian, a Lamborghini Aventador SVJ, a Ferrari LaFerrari FXX K, a Bugatti Chiron, a BMW S 1000 RR, and a Yamaha YZF-R6, among others. Some of the builds, such as the Bugatti, go beyond the typical cardboard-body-on-bicycle-frame. As seen in the video below, the NHET TV built a tubular frame for the car using spare bike parts that they welded together. The Bug even has a custom steering column and steering wheel, though the high-quality model continues to use bike chains and pedals for power. The SVJ might be the most advanced vehicle, as it has a real engine for power and has custom reverse gearing. These guys are creating fun out of the limited resources they do have, and that's what right now is all about. Enjoy the videos below and watch more on the full NHET TV channel.

BMW plans range-topping M760i

The rumors have come from several different places throughout the year and they all point to the same thing: we can expect a BMW M760i in 2016 to sit at the top of the 7 Series range. One of the latest scraps of evidence comes from a forum member at Bimmerpost last month who wrote that an M760i would arrive for model year 2017, and it would be the only regular-wheelbase version with a 12-cylinder engine even if a 760i model joins the lineup. The long-wheelbase 760Li, however, would also get a 12-cylinder motor. This week, BMW Blog published what it says is an accidentally leaked image from the German BMW configurator (pictured) that shows an M760i badge. The actual model doesn't appear, but the configurator places the badge over the 7 Series model you choose to configure. This will be the second 7 series to wear an M badge, and whenever we see it, we're told it will get the M Sport Package and Ferric Grey accents. The first M-badged 7 Series was a limited edition for the Middle East sold two years ago. Both the M760Li and 760Li are tipped to use the 6.6-liter V12 found in the Rolls-Royce Ghost and Wraith - that engine being an evolution of the V12 that powered the last-generation 760Li - but their outputs will vary. The long-wheelbase 7 is expected to get 600 horsepower. The M760i is said to get 624 hp, matching the output of the Wraith, and maybe some handling refinements to make it a proper competitor for counterparts from Mercedes-AMG, Audi, and Jaguar. On top of all that there will still be an Alpina B7, rumored to have 600 horses of its own. Introduction of the range could take place at the 2016 Geneva Motor Show. Related Video: X The video meant to be presented here is no longer available. Sorry for the inconvenience. News Source: BMW Blog, BimmerpostImage Credit: BMW Blog Rumormill BMW Luxury Performance Sedan m performance bmw 760li bmw m760i bmw 760i