Daimler, BMW leaving North American car-sharing market, cutting in Europe

BMW wireless charging

BMW and Daimler stated Wednesday they plan to leave the North American car-sharing market, with the joint venture partners stopping operations in Montreal, New York, Seattle, Washington, D.C., and Vancouver, as they concentrate on the European market. SHARE NOW and its Car2Go unit, a joint venture of the two German automakers, are putting an end […]

BMW management and labor reach agreement to reduce costs

A new BMW car

BMW management and labor have reached an agreement on evaluation to decrease costs that prevents “drastic measures”, the German automaker stated on Wednesday. BMW had been in talks with labor representatives and its leading providers as it looks to achieve cost savings of over 12 billion euros ($13.23 billion) by 2022. The agreement involves decreasing […]

BMW in talks with labor representatives about efficiency measures

2017 BMW M4 CS

BMW is in talks with labor representatives and its top providers as it looks forward to achieving cost savings of over 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter informed analysts on Wednesday. “We are currently discussing more measures with the Works Council. All parties are working very constructively to make […]