2011 Rolls-royce Ghost Diamond Black 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.

Not every Rolls-Royce Cullinan Black Badge comes in black

SPARTANBURG, S.C. — When Rolls-Royce recently unveiled the Cullinan Black Badge, the released press photos were of a very black car in a very black environment. But that did not match the car that was actually shown to the press. Quite the opposite, actually. The small event at the BMW Zentrum factory in South Carolina took place at night under a set of bright lights, and the car that came through the curtain wore a bright white body. We were fortunate enough to spend a brief time with the white Black Badge and snapped some photos of its details. As a reminder, all Black Badges have upgraded performance on top of the altered visual cues. Its twin-turbocharged 6.75-liter V8 has been upgraded to make 600 horsepower and 664 lb-ft of torque, and the brakes, suspension and exhaust have been retuned as well. We spent an extremely limited amount of time in the Black Badge, so we cannot offer full comments about how it drives, but we can say the exhaust offers a nice insulated grumble in "Low" mode, the quickness off the line doesn't make any sense for a vehicle its size (trust us, it is huge), and it seemed controlled while cruising up the curves onto the Blue Ridge Parkway in North Carolina, where these photos were taken.  The white paint exaggerates the parts Rolls-Royce darkens on all Black Badge models. The Spirit of Ecstasy, the grille surround, the inverted badging, the side frame finishers, the trunk handle, the trunk trim, the lower air inlet finisher, and the exhaust pipes have all gone black. Inside, this particular Cullinan has a red leather interior with patterned carbon fiber accents. It also has light contrast stitching, which includes infinity signs, a symbol used on Sir Malcolm Campbell's Rolls-Royce-powered Blue Bird K3 hydroplane. Check out all the details, including the built-in event seats in the trunk, in our massive gallery above. Featured Gallery White Rolls-Royce Black Badge Cullinan View 55 Photos Design/Style Rolls-Royce Luxury rolls-royce cullinan

Rolls-Royce releases another shadowy look at new Wraith

Rolls-Royce has dropped a third teaser for its upcoming coupe that we'll be seeing in a few weeks at the Geneva Motor Show. A couple of weeks ago, we saw the 2014 Rolls-Royce Wraith in a shadowy profile shot, and now we're getting an (admittedly limited) idea of what the rear of the car will look like.
As suggested by a recent set of spy shots, the 2014 Wraith should have a rear-end styling very similar - if not identical - to the Rolls-Royce Ghost, which this car is a coupe version of. In typical Rolls-Royce fashion, the British automaker promises that this new model will deliver plenty of power, style and drama, though it's declining to get more specific about what that power is (other than to say it will be "more than ample"). We have no indication that the engine won't be the 563-horsepower, 6.6-liter V8 that's in the Ghost, but we'll have to wait until next month to find out for sure.