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Paul McCartney's Aston sells for $1.8M; Ringo Starr's old Mini goes to a Spice Girl

The Bonhams Bond Street auction in London was the place to be for fans of both The Beatles and automobiles as two cars once owned by former members of the band were up for auction. The first was an Aston Martin DB5 owned by Paul McCartney, and the second was a Mini Cooper owned by Ringo Starr. Both went for substantial sums, and the Mini went to an interesting owner. The Aston brought the big bucks, or pounds, since it was a British auction. The final price with premium was barely over $1.8 million, which fell smack in the middle of Bonham's estimate. It's an impressive price on its own, but more so when compared with its sale back in 2012. Back then it was painted in the same blue it had originally, and it only sold for $495,000, making this new sale more than three times higher. View 22 Photos The Mini went for much less, at just under $137,000 with premium. But the car went to an interesting owner, Geri Horner, nee Hollowell, whom you may know better as Ginger Spice of the Spice Girls. The Mini itself is interesting, too. Each of The Beatles owned a classic Mini at some point, but Ringo Starr's was unique because the flip-down tailgate was converted to a modern-style lift-up hatch incorporating the rear window. Reportedly the reason was so Starr could easily fit his drum kit in the back. It also featured a custom grille, driving lights, hood vents, and soft sunroof among other things. It even appeared on " Top Gear" in 2001. And before we forget, McCartney's DB5 also has " Top Gear" history in that it was owned by former host, Chris Evans. Related Video: Featured Gallery 1964 Aston Martin DB5 owned by Paul McCartney View 13 Photos Image Credit: Bonhams Celebrities Aston Martin MINI Auctions Coupe Hatchback Classics aston martin db5 the beatles

2025 Mini Countryman SE All4 First Drive Review: Electrified and better for it

CASCAIS, Portugal — Everything we said about the overgrown size of the 2025 Mini Countryman in John Cooper Works trim that we recently reviewed applies equally to the 2025 Mini Countryman SE ALL4. The former is powered by gas and the latter is electric, but both are the same size. Interestingly, both have about the same number of ponies, too. To recap, the new Countryman is 5.1 inches longer, 2.4 inches taller and 0.8 inches wider than the second-generation model, which in turn was 8 inches longer and more than 5 inches wider than the first-generation Countryman. A bit chonky, then. Our hackles may be raised by the size of the 2025 Countryman, especially as Mini claims itÂ’s a “Minimalist All-Rounder” — whatever thatÂ’s supposed to mean — but after spending a day actually driving the all-electric SE, we got over it. And we think buyers who care about MiniÂ’s illustrious history like we do will get over it too. ItÂ’s not without fault, but the Mini Countryman is more interesting in electrified SE trim than it is in suck-squeeze-bang-blow JCW trim. The Mini Countryman SE boasts twin electric motors, one up front and one at the rear so that all four wheels are powered. Total system output comes in at 313 horsepower (one lone stallion over the JCWÂ’s figure) and an impressive 364 pound-feet of torque (the gas model is good for 295 lb-ft). ThatÂ’s sufficient for a 0-60 sprint of 5.6 seconds — a bit behind the top-spec gasser, despite the extra torque, due to a weight penalty of nearly 600 pounds for a total curb weight of 4,400 lbs, but still quick. Feeding power to the two motors and contributing mightily to the porky weight is a 66.5-kilowatt-hour battery pack. ThatÂ’s enough capacity to provide up to 245 miles of range (depending on factors that include wheel size), which isnÂ’t bad, but short of all-wheel-drive electric crossover leaders that might be cross-shopped against the Mini, like the Tesla Model Y Long Range (up to 310 miles), Kia EV6 (up to 282) and Nissan Ariya (up to 272). As always, actual range will vary due to driving style, weather and the use of accessories and climate control. Mini claims a maximum charge rate of 130 kW. Again, thatÂ’s not bad, and equal to the Nissan Ariya, but far short of competitors like Tesla (up to 250 kW), Hyundai and Kia (up to 235). Considering its newness on the market, you wouldnÂ’t be wrong to expect some specs that actually move the needle instead of being mid-pack.

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.