Magna International to build dual-clutch and hybrid transmissions for BMW

Magna international logo

Canadian auto-parts maker Magna International stated on Wednesday it would construct dual-clutch and hybrid transmissions for German automaker BMW under a multi-year contract. The products will be made at Magna’s plants located in Germany and Slovakia, the company stated. Magna did not reveal the financial terms of the contract.

BMW open for new partners in mobility services venture

BMW Black Fire Edition X5 and X6 M

BMW is eager to discover additional partners for the mobility services venture it operates with competing automaker Daimler, BMW’s new chief executive informed a Sunday newspaper. “We would like to welcome more partners in this area, which has great future potential,” BMW boss Oliver Zipse informed Frankfurter Allgemeine Sonntagszeitung (FAS) in an interview. Collaborations together […]

BMW is not interested in settling EU cartel investigations

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German automaker BMW has no interest in settling an investigations by the European Union antitrust officials against the company and other German automakers, German magazine WirtschaftsWoche reported on Friday, mentioning company sources. In April, EU cartel regulators had charged BMW, Daimler and Volkswagen for colluding to block the rollout of cleaner emissions technology from 2006 […]

EU alleges German automakers of colluding to delay clean air technology

European Union EU

Germany’s automakers have been alleged by the European Union of collusion in holding back technology to decrease harmful emissions from vehicles. The European Commission stated Friday that Volkswagen, BMW and Daimler broke antitrust regulations by acting together to postpone the introduction of two emissions cleaning systems between 2006 and 2014. Margrethe Vestager, the bloc’s top […]

Daimler, BMW looks to limit cooperation to produce electric car in China

BMW and Daimler logo

Daimler and BMW are thinking to limit their planned cooperation to jointly produce an affordable electric car in China, according to German daily Sueddeutsche Zeitung. Daimler and BMW refused to discuss. Last month, news reports stated that BMW and Daimler are in discussion to cooperate in developing vehicle platforms for electric cars in a move […]