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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.

Mini headed to North Pole to meet Santa Claus

It seems that retailers are bringing out the Christmas decorations earlier each year, but Mini's premature holiday spirit could be one for the record books. The day after Black Friday, the "Mini Goes to Santa Claus" adventure will depart from BMW headquarters in Munich, Germany and head up Rovaniemi, Finland (just outside the Arctic Circle) to deliver Christmas letters to Santa Claus -he must have an mail outpost here for his North Pole workshop. Guinness World Records is also getting involved with this trek, by competing for a for the longest-ever wish list to Santa.
Mini has assembled teams of vehicles from 16 countries consisting of all of its current models to drive the almost 1,900 miles. Although it won't be a part of the convoy, the Mini Paceman will be in Rovaniemi to welcome the groups along with former rally driver Rauno Aaltonen who will "demonstrate his unequalled talent" while driving the Paceman. We're not exactly sure what this means, but snowy climates and rally drivers always seem to be a recipe for great entertainment to us.
Scroll down for Mini's press release, but we'll have to wait until later in the month to see what should be some pretty cool pictures of the trip.

2022 Mini Hardtop spied with bigger grille

The current generation of Mini Hardtop and Convertible has been around since 2014, so it doesn't come as a big surprise that one of our spy photographers spotted a group of test cars sporting refreshed styling. These cars were all Mini Cooper S or Mini John Cooper Works models, and the mild styling tweaks make us believe these updates will be applied to the 2022 Mini Hardtop and Convertible lines, with small changes for different trims. One shot of a few Minis shows one of them wearing no camouflage at all. While the angle isn't ideal, there's still plenty we can make out. It appears to be a John Cooper Works based on the particularly large lower and outboard grilles. It seems to have a John Cooper Works badge in the side of the grille with black tape over it, too. The main grille is noticeably larger than that of the current model. It also adopts a mesh pattern over the whole surface. There's still a bar dividing the grille, but the division is less distinct than on the current car. We can also see this version gets a pronounced front splitter. The other cars in these shots have more thoroughly disguised front and rear ends. The larger main grille does seem to show through, as well as more lower grille area. At the back, the updated Mini has a wider diffuser area, and immediately above it is a set of vents that span the same width. This seems to be a John Cooper Works since it looks fairly aggressive with large center exhaust tips. The regular Hardtop and Convertible models will probably have more toned down versions of this bumper without the center exhaust. Since these are relatively minor styling updates, we expect them to show up on the 2022 Hardtop and Convertible variants. They could be accompanied by powertrain and feature changes, too. In fact, reports have said that there could be a smaller Hardtop model that's electric-only coming around 2022, with this refreshed version sticking around for a few years during the transition. Related Video: