October 25, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    BMW M2 M Performance Edition

    Munich prosecutors fine BMW $9.65 million for defective engine software

    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 […]

    BMW
    BMW 6 Series Coupe

    BMW says group sales increased 1.1 percent in 2018

    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
    Images of BMW 5-Series

    Vukotich named as new head of autonomous driving development of BMW

    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 […]

    BMW , Press Releases
    BMW X1 xDrive25Le images

    BMW expects trade war to hit 2019 results by up to half a billion euros

    BMW expects a hit to revenues of up to half a billion euros ($579 million) in 2019 if tariffs between the United States and China stay in place, Chief Financial Officer Nicolas Peter informed Automobilwoche magazine. Tariffs between the United States and China have struck exports of sport-utility vehicles from its U.S. plant in Spartanburg, […]

    BMW
    BMW 750iL, Tupac Shakur car for sale

    BMW drives to slash battery costs, share expenses on autonomous vehicles

    German automaker BMW AG prepares more deals with mining companies to secure electric vehicle battery materials, and is open to establishing alliances to share the expenses of developing autonomous-vehicle systems, the automaker’s research and development chief informed Reuters. BMW management board member Klaus Froehlich stated automakers and large providers have started to discuss how to […]

    BMW
    Daimler logo

    Daimler increases investment on North American auto plants

    U.S. automakers are dealing with increasing pressure amid sluggish demand in the country, as Asian and European auto companies strongly increase vehicle production in North America, including a recent investment by Daimler. In the recent move, Daimler prepares to invest $1 billion to broaden its Mercedes Benz assembly plant near Tuscaloosa, Alabama, to provide batteries […]

    Daimler
    Daimler

    Daimler Rises as Profit Amazes and Mercedes Seals Sales Lead

    Daimler AG increased the most in three weeks after the business solidified its lead in the luxury-car market and said it’s positive of reaching this year’s hidden revenue objectives, regardless of over 1 billion euros ($1.1 billion) in one-time expenses in the second quarter. Changed revenues before interest and taxes increased 5.6 percent to 3.97 […]

    Daimler

    Mercedes SUVs Help Increase U.S. Sales Lead Over Lexus, BMW

    Mercedes-Benz outsold its high-end auto competitors in the United States in May, constructing its lead in a down month apparently due to ongoing need for its sport utility cars. Deliveries moved 1 percent from a year earlier to 29,299, the Daimler AG system stated in a statement Wednesday. Mercedes published a 64 percent advantage for […]

    Mercedes-Benz

    BMW predicts better sales and earnings for 2010 on the back of an increase in sales

    There is news that BMW is raising its sales figures for 2010 and also it’s earning forecasts for the year. This has been due to the better than expected sales of its cars in China combined with the robust demand for BMW AG’s new 5 series sedan. Buoyed by the good performance, the German luxury […]

    BMW , European , Press Releases

    BMW expecting ’single digit’ percent growth in 2010 sales

    BMW AG has been reported to forecast its 2010 sales growth by not more than single digit percentage. This is in spite of outperformed sales in the first five months of the year with a 14%-15% growth. The projections are reported to have been set assessing the tougher comparatives and global fiscal changes. At the […]

    BMW , European

    Parts and technology sharing likely between BMW and Saab

    Bloomberg News in its columns has once again written about the possible sharing of parts and technology between BMW AG and Saab. They claim their information to be from two authentic sources. New about this joint collaboration had first been reported by the  Swedish newspaper Dagens Industri. The sources requested anonymity as the discussions are […]

    BMW , European

    China driving growth of German luxury car brands

    German luxury car makers Mercedes Benz, BMW AG and Audi has revealed that China continues to be the growth engine for luxury cars. To back it up with real figures, Mercedes-Benz disclosed that the sale of its range of cars has recorded a 100 percent growth to 11,300 vehicles for the month of April. BMW […]

    Audi , BMW , European , Mercedes-Benz

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