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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.

Tony Hawk jumps a moving Mini

Remember a couple of years ago when Tony Hawk jumped over a Lexus LFA on his skateboard? Well that was nothing compared to what he's done here.
Sure the LFA is a more impressive car than a Mini hatchback, but that Japanese supercar was sitting still when the world's most famous skater jumped over it. And it was parked sideways. This time Tony's jumped a moving car, front to back. It gets even more impressive than that when you see what happens to the ramp after he's done with it, but we don't want to ruin the surprise.
The stunt was performed in celebration of the partnership between Mini USA and Hawk's Birdhouse Skateboards Tour, details of which you can read in the press release under the video below.

Mini interns turn Paceman into Adventure pickup

With coupes and convertibles, hatchbacks and crossovers, Mini has done just about every bodystyle we could think of, and then a few more as concepts. But it hasn't done a pickup. At least it hadn't until now.
What we have here is a Mini Paceman (that, of course, being the coupe version of the Countryman) which has been transformed into a pickup by a group of BMW interns. It's called the Mini Paceman Adventure, and it's currently on display at the Mini dealership in Munich. According to BimmerToday.de, the project involved not only chopping the roof and installing a makeshift pickup bed, but also reinforcing the body, reforming the underbody and B-pillar, fitting off-road tires (including a spare fitted to a roof rack) and a handful of other minor modifications.
The photos are a little sketchy (although the dealership tells us a better set will be available soon), but from what we can see, it looks like a pretty solid project - one that makes us wonder if the apprentices' bosses might be paying attention. Because next to the Mini Coupe with its oddball backwards-hat roof treatment, this one-off looks as sensible as you'd expect from a group of German interns.