BMW Looks to Cut $5.5 Billion
According to latest reports, BMW CEO Norbert Reithofer is declaring war on costs: a nearly $5.5 billion war.The rising costs and lower profit margins are the reason behind the plan. The Bavarian Motors boss wants…
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BMW Group April deliveries total 162,093, increase of 4.3%
A total of 162,093 BMW, MINI and Rolls-Royce brand vehicles were delivered to customers in April, a rise of 4.3% on the same month last year (prev. yr. 155,427), making it the best April ever….
Audi announces Audi R8 LMX limited edition with Laser Headlights
The pissing contest between Audi and BMW continues today with a new episode. After poking fun at each other with billboards and then fighting over first-to-market laser headlights technology, the Ingolstadt-based automaker announces today a…
BMW Group and SGL Group to triple production capacities at Moses Lake carbon fiber plant
Due to the high demand for carbon fiber in automotive production, SGL Automotive Carbon Fibers is going to triple the capacity of the carbon fiber plant in Moses Lake, WA (USA). This has been announced…
More BMW models launching this summer: M235i xDrive, 435d xDrive, X5 xDrive40d
Wiesmann at the end: hardly any hope for insolvent manufacturer
According to our sister-magazine Bimmertoay, quoting the Dutch newspaper De Telegraaf, the exotic automaker Wiesmann has hardly any chance to survive in the competitive car market. Back in August 2013, the company filled for bankruptcy…
DriveNow Car-Sharing Service Expands to Street Parking in San Francisco
BMW Group subsidiary DriveNow, a flexible, premium car-sharing program, will expand to offer street parking in multiple neighborhoods in San Francisco, beginning in select areas of the Mission District and will add 80 electric BMW…
BMW Group Quarterly Report to 31 March 2014
First-quarter sales volume, revenues and earnings were all up on the previous year, underpinning the BMW Group’s position as the world’s leading premium car company. Group revenues rose by 3.9% to € 18,235 million in the…
BMW recalls 156,137 vehicles to fix variable camshaft timing issue
BMW of North America said it is voluntarily recalling about 156,137 2010-2012 model-year vehicles in the United States because of a potential defect with the variable camshaft timing. BMW says the recall will address a…
BMW Eyeing Mexico for Second North American Assembly Plant
BMW is searching for a site for another North American plant, according to a report by Bloomberg. After achieving record sales numbers for the month of March, it is not surprising that the German automaker…
BMW Group sales top 200,000 for first time in single month
The BMW Group sold 212,908 BMW, MINI and Rolls-Royce vehicles in March – the company’s best-ever monthly results. It’s a significant 11.3% increase on the previous all-time monthly high in March last year (191,269 units)….
