2004 Mini Cooper S Hatchback 2-door 1.6l on 2040-cars

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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.

BMW i3s traction control tech going in all BMW, Mini cars

The BMW i3s is essentially a warmed-up version of the i3 electric car we all know and love. The performance boost isn't huge — just 14 horsepower and 15 pound-feet of torque — but it also gets a new suspension, wheels and tires as well as an improved traction control system. We found the car to benefit from all the updates when we drove it for our First Drive Review, but now BMW has offered up more details on just how the traction control system of the i3s helps make it better to drive. The company says it'll expand the technology to all future BMW and Mini models as well. The i3s's system is calibrated to help it to pull away quickly from a stop, making full use of the instantaneous torque offered by the electric motor. It also improves stability when accelerating out of corners, when using regenerative braking and, of course, when the road conditions are less than ideal. The results are palpable, and with the other improvements the i3s definitely feels stronger off the line, as we found on our drive. It's also about a half-second quicker to 60 miles per hour, at 6.8 seconds. The secret is in the response time of the stability control, which BMW claims is 50 times faster than the conventional system. This is made possible by moving the control process into the powertrain itself, rather than a remote unit. This reduces the signal path and, thus, the response time of the traction control system. BMW's Head of Chassis Development, Peter Langen, said of it, "With their high levels of torque and instantaneous responses to every movement of the accelerator, electric motors already make significantly higher demands on driving stability systems than conventional power units." While engineered to make the most of the electric motor, BMW says the shorter cycles of this traction control system show promise for internal combustion vehicles as well. As such, we'll begin to see the improved technology applied across the BMW and Mini lineups going forward. Related Video:

Chinese ministry uploads Mini Aceman pictures and info

Next up for photo day at the China's Ministry of Industry and Information Technology, the Mini Aceman. The Aceman can be seen as a replacement for the Mini Clubman, the four-door version of the two-door Cooper (or five-door depending on your nationality) sized below the Countryman that Mini killed after its third generation. The Chinese data declares the Aceman either 160.5 or 161.2 inches long depending on base or S trim, 69.1 inches wide and 59.6 inches high on a 102.6-inch wheelbase. The Clubman of yore was 168.5 inches long, 70.9 inches wide, and 56.7 inches high on a 105.1-inch wheelbase. Before a debut that we've been told isn't far off, we'll guess much of the difference between the two length has been cut from the hood and cargo areas, not the passenger compartment.  In China, the four-door will only be offered with electric powertrains, sidestepping Mini's "Power of Choice" mantra applied to other models with their hybrid and diesel options. The Aceman for other international markets will be produced in the UK; it's not clear yet if they'll be restricted to EV power as well. This means a base version (the darker car in the gallery above) powered by a 40.7-kilowatt-hour battery turning a motor on the front axle making 181 horsepower and 213 pound-feet of torque, or a 54.2-kWh pack turning a motor with 214 hp and 243 lb-ft in Aceman S guise. These are the same outputs we'll get in the U.S.-spec Cooper E and Cooper SE. Put through China's CLTC fuel economy test, the base Aceman is estimated to go 300 kilometers (186 miles) on a charge, the more powerful Aceman S about 400 km (249 miles). As for the looks, they're the chunkiest we've seen on the new, modern range of Minis. The photo cars also suggest the merest hint of clunky, too, but we're going to put that down to the drab paint schemes and lighting. The form should perk up dressed in Mini standards like Blazing Blue, Legend Grey, Melting Silver III, Nanuq White and Smokey Green under a color-contrasted roof and the numerous chances to brighten up various bits inside and outside the car. Different to other Mini models, headlights and size aren't the only tells, the Aceman fitting some unmissable, squared-off wheel arch cladding. Beyond that, the polygonal DRL shape surrounding round projectors gives the Aceman more anthropomorphic character than its siblings. The S is distinguished by yellow trim and a yellow "S" placed around the body, plus LED headlights and a silver skid plate up front.