2004 Mini Cooper Hardtop 75k Miles on 2040-cars

Auto blog

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.

This classic electric Mini costs $100,000, but just look at it

We all love the original Mini, so when a British company decided to develop an electric version of it using a restored original body, we took notice. Enter the Swind E Classic Mini. Electric cars are allowed to have a soul, and this one is just as cute as a Mini with a little gas motor. Swind, a UK-based tech and engineering company, didn't just produce a half-baked version of an electric Mini. The powertrain is a bespoke, in-house design developed by the company's own engineers. The body has contemporary corrosion protection to make sure it doesn't rot like an original from the 1960s. Also, new brake and suspension parts ensure it'll feel relatively modern to drive. Don't expect any mind-blowing specs and numbers from the little EV, though. It uses a 24 kWh lithium ion battery pack and the electric motor produces 110 horsepower. Zero to 60 mph is achieved in 9.2 seconds. That's not impressive on today's world, bu is still quicker than this Mini would have been with its original gas engine. Top speed is 80 mph, and range is rated at an impressive 125 miles. That's plenty for this little city runabout — road trips won't be this Mini's job anyway, especially if you have to run it near top speed just to keep up with traffic. Swind says it'll get to a full charge in four hours via its fast charging capability. Weight is kept to only 1,587 pounds, so this will be one of the lightest electric cars on the road. The benefits of modernizing and electrifying the Mini help out in other areas, too. You can check option boxes for an infotainment system with navigation. USB ports come standard, as do heated leather seats. Curiously, air conditioning is an option. If you prefer no power steering, that's possible; performance tuning packs are available, but there's no explanation for what that entails. There's more space in the boot for stuff with the gas tank removed, and weight distribution is improved at a 57/43 split (it was 68/32 originally). Now we move onto the less desirable portion of this Mini: The price. Converted from pounds sterling, this Mini goes for $100,970. You can buy a whole lot of car for that money, or you can have an electric Mini. At least Swind is really building it, unlike the one-off shown by Mini at the NY Auto Show last year. Production is limited to only 100 cars that all come with a one-year unlimited-mile warranty.

2025 Mini Cooper interior reveals minimalist retro design, massive circular screen

Mini just dropped a teaser for its 2025 Cooper, and it’s all about the new interior. And while Mini might be calling this a teaser, itÂ’s essentially a full, visual reveal of the new CooperÂ’s insides. The changes and updates are everywhere, as this new Mini shares practically nothing with the outgoing model. Its new centerpiece is a massive, circular display that appears to be showing off new infotainment system software. All of your vital information is housed within this huge screen. We can see the gear selection, electric range, power meter, navigation hub and media player all in the middle and top half of the screen. On the bottom corners are temperature control dials, and in the bottom middle is a row of shortcut icons that will presumably pull up larger menus of those items. The traditional instrument cluster is gone, but Mini has integrated a pop-up glass HUD display in its place, so youÂ’ll thankfully still have a lot of the important items right in front of your face. Just below the center screen is what Mini calls the “toggle bar.” It houses switches and knobs for things like selecting a gear, turning the car on and off and the various drive modes. Quick toggles for the defrosters and the hazards sit here, too. Interestingly, the steering wheel has more buttons than the center console, and the steering wheel itself is a new design. YouÂ’ll notice the strap-like third bottom “spoke” of the wheel and the ultra-chunky top part of the wheel — Mini says itÂ’s smaller in diameter than the current wheel, too. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Minimalism dominates the rest of the interior. The dashboard is simple with a basic upswept look, but itÂ’s augmented with fancy lights and animations that play through the fabric. Mini designed a horizontal air vent that integrates beautifully with the new dash, too. As for the doors, the materials look upscale and the armrest looks comfortable. We canÂ’t see the whole center console, but a pair of USB Type-C charge ports are positioned up front with a wireless phone charger right there, too. A pair of cupholders sit aft of this, and thereÂ’s no BMW iDrive knob to be seen.  As you can see from the video (above) where the original Mini interior morphs into the new one, the designersÂ’ inspiration for the 2025 model is fairly clear. Pare back, and bring the retro vibes in a digital way.