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 […]

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

BMW logo

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 […]