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BMW

BMW says being investigated by U.S. SEC By Reuters

2019-12-23
By: Staff Writer

© Reuters. The 2020 BMW’s M2 CS and M8 Gran Coupe are displayed at the LA Auto Show in Los Angeles (Reuters) – German automaker BMW AG said on Monday it was being investigated by the U.S. Securities and Exchange Commission following a report of a probe related to theRead More →

Germany fines BMW, Daimler, Volkswagen for forming steel cartel By Reuters

2019-11-21
By: Staff Writer

© Reuters. Paris Auto Show BERLIN (Reuters) – Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers – BMW (DE:), Volkswagen (DE:) and Daimler (DE:) – a total of 100 million euros for forming a cartel to buy steel. From 2004 to 2013, the carmakersRead More →

BMW orders more than 10 billion euros’ worth of battery cells By Reuters

2019-11-21
By: Staff Writer

BERLIN (Reuters) – German carmaker BMW (DE:) on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) (SZ:) and Samsung (KS:) SDI (KS:). BMW said it had boosted its order with CATL toRead More →

BMW engine development expert Duesmann set to become Audi chief in April: report By Reuters

2019-09-14
By: Staff Writer

BERLIN (Reuters) – BMW’s (DE:) engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen’s (DE:) Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday. The Frankfurter Allgemeine Zeitung cited a person with knowledge of theRead More →

BMW poised to pick production chief as CEO after Krueger bows out By Reuters

2019-07-05
By: Staff Writer

By Edward Taylor FRANKFURT (Reuters) – BMW (DE:) board member Oliver Zipse, a 55 year-old company veteran, is the front runner to become the carmaker’s new chief executive, sources said on Friday after Harald Krueger announced he would not stay on beyond April 2020. Krueger said he would not seekRead More →

BMW and Jaguar Land Rover to jointly develop electric car parts By Reuters

2019-06-05
By: Staff Writer

© Reuters. A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool FRANKFURT (Reuters) – BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars. Both carmakersRead More →

BMW says no plans to develop compact vehicle with rival: CFO By Reuters

2019-04-15
By: Staff Writer

© Reuters. FILE PHOTO: Peter, CFO of German luxury carmaker BMW, addresses the company’s annual news conference in Munich SHANGHAI (Reuters) – BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker. “We have no plansRead More →

EU regulators charge BMW, Daimler, Volkswagen with emissions collusion By Reuters

2019-04-05
By: Staff Writer

© Reuters. FILE PHOTO: Daimler AG’s annual news conference in Stuttgart BRUSSELS (Reuters) – EU antitrust regulators charged BMW, Daimler and Volkswagen (DE:) on Friday for hindering competition on emission cleaning technology between 2006 to 2014. The European Commission said it had sent statements of objections setting out the chargesRead More →

BMW, Mercedes-Benz lower prices in China after VAT drop By Reuters

2019-03-15
By: Staff Writer

© Reuters. FILE PHOTO: BMW cars are seen at the automobile terminal in the port of Dalian SHANGHAI (Reuters) – BMW AG (DE:) and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT) starting on AprilRead More →

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