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Even Aston Martin and Rolls-Royce have designed flying taxis

Think British-built taxi cabs and you're likely to think of the classic, black London taxis. However, there are British companies eager to take taxis to the skies — bearing vaunted nameplates. Aston Martin has created the Volante Vision Concept, which isn't a sports car, but a luxury VTOL aircraft. It is the product of a joint venture with Cranfield University, Cranfield Aerospace Solutions and Rolls-Royce, and Aston says it's a "near-future study" that previews a flying autonomous hybrid-electric vehicle. It's meant for both urban and inter-city travel. The hybrid powertrain would come courtesy of Rolls-Royce Electrical, which has already provided such systems for marine and train use. The Volante Vision Concept's design language has been overseen by Marek Reichman, who stated the following: "We are at the beginning of a new generation of urban transportation; vertical mobility is no longer a fantasy. We have a unique chance to create a luxury concept aircraft that will represent the ultimate fusion of art and technology. We have used forms and proportions that express the same devotion to design, engineering and beauty that shape our cars." The leather interior bears familiar, winged Aston Martin badging — though this time the wings are especially appropriate. Beyond working with Aston Martin, Rolls-Royce plc has also designed a flying taxi of its own. Similarly VTOL, Rolls-Royce's hybrid-electric taxi has rotating wings and uses a gas turbine engine paired to hybrid tech; it is designed to carry four or five passengers and offers a 500-mile range with a top speed of 250 mph. And Rolls, of course, as a major supplier of aircraft engines, knows a thing or two about flying. Rolls says that if there is a business case for the flying taxi, it could see production in the early-to-mid-2020s. The Rolls-Royce concept was presented Monday at the Farnborough Air Show. Related Video: Featured Gallery Aston Martin / Rolls-Royce Flying Taxis Image Credit: Aston Martin, Rolls-Royce plc Design/Style Aston Martin Rolls-Royce Technology Emerging Technologies Autonomous Vehicles Commercial Vehicles Future Vehicles Luxury Special and Limited Editions air taxi

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.

Rolls-Royce Ghost Black Badge Ekleipsis Private Collection is an eclipse on wheels

Demand for Rolls-Royce's Black Badge models has been high, so the brand is going further down this dimly-lit avenue with a limited-edition version of the Ghost called Ekleipsis Private Collection. The sedan features several specific astrology-inspired styling cues inside and out. As its name implies, the Ekleipsis is a tribute to the eclipse (the one that you see in the sky, not the one built by Mitsubishi). It's based on the Ghost Black Badge, but it's finished in a special color called Lyrical Copper that captures "the mysterious, ethereal light cast by a total solar eclipse," according to Rolls-Royce's design team. Mandarin exterior accents on the body and the brake calipers add a touch of contrast to the look, and the thin line that stretches from the front part of the fenders to the rear part of the quarter panels is applied entirely by hand. Inside, the Ekleipsis features Rolls-Royce's signature Starlight headliner with a special animation that mimics an eclipse. When the doors close and the engine starts, the stars in the headliner darken and a specific sequence plays to replicate a full solar eclipse. We'll save you the trouble of counting them: The circle that appears consists of 940 "stars" while the background includes an additional 192 "stars." This lasts for seven minutes and 31 seconds, the longest duration of a total solar eclipse, and the standard Starlight headliner returns at the end. Fine-tuning this feature was easier said than done. Rolls-Royce spent a year on it, and it built three complete prototypes to perfect it. Rolls-Royce didn't stop there. The dashboard gains an analog clock whose bezel incorporates a brilliant-cut 0.5-carat diamond. Surprisingly, this is the first time that the company has integrated a gemstone into the clock's bezel. The passengers sit on two-tone leather-upholstered seats with over 200,000 perforations, and the list of standard features includes umbrellas with Mandarin piping as well as a car cover. Production of the Rolls-Royce Black Badge Ghost Ekleipsis Private Collection is limited to 25 units globally. Pricing information hasn't been announced, but it's of little interest to us because the model was sold-out before its public unveiling. Besides, if you need to ask ... Related video: Here's a tiny taste of Rolls-Royce Spectre color and customization options!