2005 Mini Cooper S Convertible 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.

Watch Chris Harris take a 360° tour of the new Top Gear track

For the new series of the BBC's Top Gear, the familiar test track has been reimagined. Gone is the Astra that the celebrities used to bash around the track, replaced by a rallycross Mini. And what better way to get acquainted to the new track than a 360° video of a lap around the track? It's even presented to us by the Top Gear Chris we like, Chris Harris! Harris gets the Mini fantastically sideways on the asphalt sections, and gives it some stick through the gravel sections and splashes of water. It's a bumpy ride tailored for the kitted-out Mini – even if one can't help but wonder if it would be better television to see a fish-out-of-water car like a humdrum, front-wheel-drive Astra thrashed through the course instead. The Mini almost has it too easy, even if celebrity drivers will surely find the track hard to master. As a note of functionality, the video will only play as intended if you are using Google Chrome, says Top Gear. News Source: YouTube/BBC Top GearImage Credit: BBC Top Gear Celebrities Motorsports TV/Movies MINI Videos chris harris chris evans top gear test track

2022 Mini JCW Hardtop and Convertible add new dampers, styling and tech

Mini released broad details on updates to its entire Hardtop and Convertible lineups back in January, and while photos of the John Cooper Works version were available, what Mini did to the car for 2022 was less clear. Today, Mini is clearing that up with a dedicated 2022 JCW information drop. There’s only one major mechanical change to speak of, and thatÂ’s a new set of optional adaptive dampers for both the Hardtop and Convertible. They feature new “frequency-selective damper technology that operates with an additional valve acting on the traction side.” Mini says this should make for better compensation on uneven roads. Additionally, the maximum damping force is 10% higher than before, so Mini promises even more control and stability in corners. WeÂ’ll also note that the standard suspension is fixed — these new dampers are part of the Adaptive Suspension package. Beyond the new suspension, this JCW is very similar to the last. ThereÂ’s still a BMW-sourced 2.0-liter turbocharged four-cylinder under the hood that makes 228 horsepower and 235 pound-feet of torque. The Hardtop continues to be available with a six-speed manual transmission (eight-speed auto optional), the Convertible carries on with the automatic as its only transmission option. Mini claims the Hardtop will reach 60 mph in 5.9 seconds, while the Convertible does it in 6.3 seconds. On the appearance front, Mini updated the looks of the JCW with a new face and redesigned diffuser. ThereÂ’s a new 18-inch JCW-exclusive two-tone wheel option, and the interior enjoys all the tech and feature updates gained from the non-JCW 2022 refresh. The updated JCW lineup is available now, and starts at $33,750 for the Hardtop and $39,750 for the Convertible.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.