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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 teases one-box concept — a Mini-van

Mini appears poised to unveil its first van concept if this just-released teaser image is anything to go by. The brand showed a teaser image for the Vision Urbanaut on Twitter, calling the vehicle "an urban oasis." https://twitter.com/MINI/status/1328352146224418816?s=20 Mini previously offered a panel-van version of the Clubman, but the Urbanaut concept appears to be a much differerent one-box design. Its ultra-short frontal area suggests it does not utilize the current Mini platform. Instead, this is likely an EV, with its batteries packaged under the floor. The concept, then, could also debut a new dedicated EV platform for Mini. (Mini's current electric car, the Cooper SE, is a battery-powered version of the standard Mini hardtop.) Based on its profile, the Urbanaut concept does not appear to be a preview of any of the future models the brand has recently discussed. Those include two new crossovers, a BMW X1–sized model that revives the Paceman nameplate and a second entry built on BMW's RWD platform and possibly called Traveler. However, the brand also mentioned adding more EVs, and that could be where the Urbanaut fits in. Of course, the Urbanaut also could end up going nowhere, like the Rocketman concept that failed to launch. Still, a tiny-sized van does strike us as an intriguing and brand-correct new model for Mini — certainly more so than another large-ish crossover. We'll be interested to learn more about the Urbanaut. Related Video:

2020 Mini John Cooper Works GP appears to have its Nurburgring time on the dashboard

Details on the 2020 Mini John Cooper Works GP hot hatch have been trickling out, and it sounds and looks impressive. It will have over 300 horsepower (probably at least 301 like the Clubman and Countryman), and it has wild bodywork like its concept. Mini has also been promising a fast Nurburgring lap time, with the only information given that it will be under 8 minutes. Before the company could announce it, someone found it on the dashboard of the car. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Twitter user Will Pierce shared a photo of the dash, and the time wasn't just on a piece of paper, it was molded into the plastic trim of the dashboard. Mini is really proud of it, but maybe they shouldn't be that proud because it's not a record, giving it the benefit of the doubt that it's front drive like past GPs. The time is 7:56.69. The current front-drive record holder is the Renault Megane R.S. Trophy-R at 7:40.1. That's over 16 seconds faster. It also edged out the Honda Civic Type R's old record of 7:43.8. Even the third-fastest front-driver, the VW GTI Clubsport, did a lap in 7:47.19. In the grand scheme of things, Nurburgring lap times aren't that important. They're a fun bragging right, but there's much more that's important about cars than raw times. We're just giving the Mini a hard time because, well, if you're going to throw a time in someone's face every time they hop in the car, maybe you should make sure it's truly impressive. But we're sure the GP will be a riot, and we can't wait for more details and the opportunity to drive one.