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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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 […]

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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 […]

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BMW increases X3 production in China

BMW X3 images

BMW’s Chief Executive on Tuesday stated the automaker has boosted production of its X3 offroader model in Spartanburg, South Carolina, along with that one in China, a step which decreases exposure to trade tariffs between China and the United States. “We have boosted production of X3 for the U.S. market,” Harald Krueger informed analysts on […]

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Investments, legal fines put brakes on BMW

bmw 520d

BMW’s first-quarter operating profit dropped 78 percent to 589 million euros, regardless of higher deliveries of luxury vehicles, as the automaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision. The European Commission earlier month informed German automakers they face hefty fines for alleged collusion in the area […]

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