BMW is being investigated by U.S. SEC

BMW logo

German automaker BMW AG stated on Monday that it was being investigated by the U.S. Securities and Exchange Commission after a report of an investigation associated with the company’s sales practices. “We can confirm that we’ve been contacted by the SEC and are cooperating fully with the investigation,” a BMW spokesman stated but refused to […]

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Former BMW executive Markus Duesmann tasked with reinventing Audi

Volkswagen on Friday selected former BMW executive Markus Duesmann to reinvent Audi as the German premium brand appears to have lost key engineering know-how and influence following the 2015 diesel-cheating scandal. Duesmann will become chief executive of Audi and together with that he will take on board level responsibility for research and development at Volkswagen […]

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Trade war could cost U.S. jobs, says BMW CEO

BMW Spartanburg factory, Greer, South Carolina, United States

BMW has told United States trade representatives, including Robert Lighthizer, that escalating an international trade war could threaten jobs in South Carolina, CEO Oliver Zipse stated on Friday. An imposition of trade barriers are going to hamper the ability of BMW’s largest auto factory, based in Spartanburg, South Carolina to export around 70% of its […]

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