BMW

BMW Recalls 90,000 cars with Takata Airbags: ‘Do Not Drive’ Order Issued

BMW North America has issued an urgent “do not drive” order for approximately 90,000 cars built between 2000 and 2006 due to a recall related to the Takata-made driver-side airbag…

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BMW promises stable prices, raises margin forecast for 2023

BERLIN, March 15 (Reuters) - BMW forecast on Wednesday an 8% to 10% margin for its autos segment in 2023, up from last year's 7% to 9% target, and said…

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BMW raises prices for some models in China on higher costs

SHANGHAI, Feb 1 (Reuters) - German automaker BMW said on Wednesday it had raised suggested retail prices for some models sold in China effective immediately because of higher raw material…

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BMW more than doubles fully-electric vehicle sales in 2022

BERLIN, Jan 4 (Reuters) - The BMW Group more than doubled its fully-electric vehicle sales in 2022 and plans on raising the share of battery electric vehicles in total sales…

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Gas-guzzling German carmakers face uphill struggle to go green

BERLIN (Reuters) - As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how reliant the country's most important industry is on fossil fuels, a Reuters analysis…

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BMW reigns with sales record in 2021 as Daimler, VW lose ground

BERLIN, Jan 12 (Reuters) - Volkswagen vehicle deliveries fell 8.1% in 2021 to just under 4.9 million hurt by supply chain bottlenecks, the carmaker said on Wednesday, adding it expected…

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05

Jan

BMW brand achieves record sales over 2.2 mln vehicles in 2021

German carmaker BMW achieved record sales of over 2.2 million vehicles from its BMW brand in 2021, the company said, outstripping 2019 sales even among a global chip shortage. "For…

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BMW and Audi interested in buying McLaren Automotive – Automobilwoche

BERLIN, Nov 14 (Reuters) - Volkswagen's Audi and BMW are interested in buying British luxury sportscar maker McLaren Automotive, German autos publication Automobilwoche reported on Sunday, without specifying its sources.…

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BMW cuts east German working hours to same as west

BERLIN, Nov 5 (Reuters) - BMW will cut working hours at its east German plant from 38 to 35, in line with its west German factories, it said on Friday,…

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BMW ready for any ban on fossil fuel-burning cars from 2030, CEO says

Germany's BMW will be ready for any ban on internal combustion engine (ICE) cars from 2030 onwards with an offering of electric vehicles, Chief Executive Officer Oliver Zipse said .…

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EU fines Volkswagen, BMW $1 billion for emissions cartel

The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they…

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BMW warns chip supply shortage ‘critical’, output to suffer

BMW warned a chip shortage that has plagued the car industry may lead to further lost production, saying on Friday it showed no signs of abating and supply would remain…

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BMW confirms outlook, but says rest of 2021 to be volatile

BMW reiterated its full-year profit margin outlook on Friday, but said that it expected the rest of the year to remain volatile and that rising raw material costs could hurt…

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BMW expects at least half of sales to be electric cars by 2030

BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving.…

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BMW 2020 profit takes pandemic hit

German carmaker BMW said on Thursday that its operating profit for 2020 fell due to spring shutdowns to slow the spread of the coronavirus pandemic, despite a strong second-half rebound…

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BMW aims for 20% of its vehicles to be electric by 2023

FRANKFURT, Dec 27 (Reuters) - German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German daily Augsburger Allgemeine. "We are…

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BMW profit rebounds on China demand for luxury cars

BMW on Wednesday said its third-quarter profit rose almost 10% thanks to rebounding Chinese demand for luxury cars and reiterated its outlook, even as a wave of coronavirus infections continues…

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BMW says Brexit could cost auto industry 10-11 billion euros

BMW Chief Financial Officer Nicolas Peter on Thursday said Britain's separation from the European Union could cost carmakers and suppliers up to 11 billion euros unless cross-border trade remains tariff-free…

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BMW, Mercedes put automated driving alliance on hold

Daimler announced it had put on hold a development alliance in the area of automated driving between its luxury brand and rival German luxury carmaker BMW. "Following extensive review, the…

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BMW to lay off 10,000 contract workers

BMW will not extend the contracts of 10,000 contract workers, a company source told Reuters on Friday, as the German luxury carmaker seeks to reduce its capacity due to the…

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Photos: Ferrari F8 Triturbo launched at the 89th Geneva International Motor Show

Enrico Galliera Senior Vice President of the sales and marketing department at Ferrari, presented the New Ferrari F8 Triturbo during the first media day first media day at the 89th Geneva…

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BMW, Daimler and VW (Volkswagen, Audi, Porsche) investigated for collusion in breach of EU antitrust rules

The European Commission has opened an in-depth investigation to assess whether BMW, Daimler and VW (Volkswagen, Audi, Porsche) colluded, in breach of EU antitrust rules, to avoid competition on…

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BMW line up task force for a worst case scenario Brexit

Auto Express: BMW has created a specialist task force to prepare for a worst-case Brexit scenario, one in which the UK leaves the customs union and the single market, as well…

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