BMW can convert hybrids to electric only mode in polluted areas

BMW X1 xDrive25Le images

BMW said it can force its hybrid cars convert into an electric-only mode in highly polluted inner-city areas, helping its vehicles rival with pure battery-driven competitors as a raft of cities seek to create emissions-free zones. “The car switches off the combustion engine automatically,” BMW’s board member for development, Klaus Froehlich, informed Reuters at the […]

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BMW is considering second U.S. manufacturing plant

2014 BMW X4 F26 UK

BMW is thinking about a second U.S. manufacturing plant that could produce engines and transmissions, CEO Harald Krueger stated on Tuesday, shortly after a report that U.S. President Donald Trump would enforce tariffs on imported cars from upcoming week. Krueger in an interview at the Los Angeles Auto Show also stated he backed British Prime […]

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BMW says it is planning for no-deal Brexit

brexit and eu

BMW stated it was continuing to plan for a no-deal Brexit, given uncertainty around Prime Minister Theresa May’s deal following resignation of several ministers in protest. BMW welcomed this week’s draft withdrawal agreement as a “positive step” in the correct direction but stated the political situation was not certain. “Uncertainty is not good for business. […]

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European Union executive conditionally approves Daimler and BMW car-sharing deal

BMW X1 xDrive25Le images

The European Union’s competition authority stated on Wednesday it had accepted the plan of German automakers Daimler and BMW to combine their car-sharing businesses, subject to conditions. Under the deal, which consists car-sharing units Car2Go and DriveNow along with ride-hailing, parking and charging services, Daimler and BMW will both hold 50 percent stakes in a […]

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BMW diminished by upfront costs for new car launches

bmw 520d

BMW will deepen cost cuts following higher development expenses added to a 27 percent fall in third-quarter operating profit, falling short of expert expectations as currency effects also took a toll. Investments to make electric and self-driving vehicles, along with spending to boost production of new X5, X7 and 8-series luxury models weighed on revenues […]

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BMW and Volvo to trial new LME steel contracts

Images of Volvo Concept 40 Series EV Electric

European automakers BMW and Volvo prepare to experiment with steel contracts to be introduced by the London Metal Exchange early 2019, a move which could ultimately modify the way the industry hedges and prices contracts, industry sources stated. The LME is introducing three hot rolled coil (HRC) steel futures expanding in Europe, North America and […]

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BMW expands its car-sharing service DriveNow in London

drivenow logo

BMW is enlarging its car-sharing service DriveNow into five other London boroughs as the automaker overcomes some of the barriers to run across the city where firms need to strike agreements with independent local authorities. Daimler axed its car2go operation from London in 2014 after it proved more tougher than anticipated to coordinate between 33 […]

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BMW says competitors are interested in joining forces on self-driving cars

BMW i Vision Dynamics concept car

BMW competitors and ride-hailing companies are thinking about joining its consortium for making self-driving vehicles as auto industry profits come under rising pressure, board member Klaus Froehlich stated. Automakers and ride-hailing companies have sought to construct self-driving cars as a way to enter the business of smartphone-hailed robotaxis. However, they are getting into a crowded […]

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Independent BMW car dealers not agreeing to new terms

BMW Black Fire Edition X5 and X6 M

Majority of BMW’s 550 independent car dealerships are not willing to agree with new terms set by the automaker and are threatening to overlook an end-September deadline, Sueddeutsche Zeitung reported. The move could impact the sale of BMW vehicles and spare parts from next Monday, the Munich daily stated. “We are not going to sign […]

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