BMW’s China electric car export plans on hold due to uncertainty

BMW i Vision Dynamics concept car

BMW’s ambitions to establish China as a center for exporting electric vehicles are currently on hold because of uncertainty over potential trade tariffs between China and the United States, company executives informed Reuters. BMW has factories in Europe, China and the United States and prepares to establish China, the world’s largest auto market, as an […]

Daimler, BMM looks to define self-driving regulations

BMW and Daimler logo

Daimler and BMW are collaborating to develop autonomous driving technology to cut costs and set an industry standard that can help to form future regulation for self-driving cars, senior executives stated on Wednesday. “It is a chicken and egg situation. Somebody has to standardize the technology and regulation will follow,” Klaus Froehlich, BMW’s board member […]

BMW, Daimler deepens alliance on self-driving technology

BMW and Daimler logo

Daimler and BMW strengthens their alliance on Thursday to share increasing development costs for automated driving technologies, even as each automaker pursues separate tasks to develop completely self-driving cars. The huge price of designing and building computer-powered vehicles has currently prompted Honda to pool its efforts with General Motors, where as Volkswagen is in talks […]

Munich prosecutors fine BMW $9.65 million for defective engine software

BMW M2 M Performance Edition

Munich prosecutors fined BMW 8.5 million euros ($9.65 million) for administrative failures after the German luxury automaker set up the wrong engine management software into 7,965 vehicles, resulting in higher emissions. The prosecutor’s office stated BMW was guilty of oversight lapses. BMW stated it has accepted the findings of the Munich prosecutor. The engine management […]

Daimler, BMW to invest 1 billion euros in venture to compete Uber

Daimler BMW logo

Daimler and BMW revealed a joint ride-hailing, parking and electric vehicle charging business on Friday to rival with mobility services offered by Uber and other tech companies. The luxury car companies stated they would invest over 1 billion euros ($1.13 billion) to broaden the joint venture, moving beyond manufacturing and auto sales toward pay-per-minute or […]

BMW and Daimler to refer ride-hailing venture as ‘Jurbey’

Daimler BMW logo

German companies BMW and Daimler are going to name their combined ride-hailing and car-sharing company “Jurbey”, a source knowledgeable about the matter stated on Tuesday. Daimler and BMW refused to comment. Automotive website The Drive was first to report about the brand name. Germany’s luxury automakers last year revealed plans to combine their car-sharing businesses […]

BMW says group sales increased 1.1 percent in 2018

BMW 6 Series Coupe

BMW’s group sales increased 1.1 percent worldwide in 2018 to 2,490,664 vehicles, the company stated on Friday, adding that it expected a slight increase this year regardless of challenging market conditions. BMW brand sales boosted by 1.8 percent globally in 2018, to 2,125,026 vehicles, the company stated, with December sales increasing 1.3 percent. The group’s […]

BMW sold 2.49 million BMW, Mini and Rolls-Royce vehicles in last year

A new BMW car

German automaker BMW states it achieved record sales of 2.49 million BMW, Mini and Rolls-Royce vehicles in 2018. “BMW Group achieved record sales in last year. 2.49 million vehicles mean the BMW Group is the world’s leading premium automotive company for the 15th year running,” CEO Harald Krueger stated. Daimler has not yet released yearly […]

South Korea ministry to file complaint against BMW for ‘delayed’ response

bmw 520d

South Korea’s transport ministry stated it would lodge a complaint against German luxury automaker BMW with prosecutors for supposedly delaying recalls and concealing problems that resulted in several engine fires in the country this year. The ministry also fined BMW 11.2 billion won ($9.96 million) for “delayed recalls”. A faulty exhaust treatment system in BMW […]

Vukotich named as new head of autonomous driving development of BMW

Images of BMW 5-Series

Germany automaker BMW stated on Saturday Alejandro Vukotich is going to be the new head of its driver assistance and autonomous driving development department from January next year. Vukotich will replace Elmar Frickenstein, who has been in charge of the department since it was created in May 2016 and who will retire following a three-month handover […]

White House presses German automakers to boost U.S. investments

Volkswagen, BMW, Daimler logo

President Donald Trump pressed senior executives of top German automakers to boost their investments in the United States as the White House thinks about imposing new tariffs on European-made vehicles. German automakers stated after the meeting they informed Trump they planned to increase U.S. investments, but cautioned they would not be able to do so […]