BMW to cut 1 billion euros in indirect expenses

BMW M2 M Performance Edition

BMW plans to slash 1 billion euros ($1.14 billion) in indirect procurement expenses by 2019, BMW head of production Markus Duesmann informed the Handelsblatt daily. A BMW representative confirmed the figure. The German automaker’s indirect procurement costs total up to about 20 billion euros yearly, however BMW needs to make savings so the company can […]

BMW to Look For Compensation From Bosch for Auto Production Disruption

2017 BMW M4 CS

BMW will look for compensation from Robert Bosch GmbH after missing out on parts for models consisting the bestselling 3-Series sedan caused production interruptions in Germany, China and South Africa. An absence of steering gears provided by Bosch, the world’s biggest vehicle parts provider, suggests there’s only limited car production at different German plants, while […]

BMW looks forward to 100,000 electric car sales in 2017

BMW electric car

BMW looks forward to enhance sales of electric cars by two-thirds in 2017 to 100,000 automobiles as the high-end car manufacturer is providing more battery-powered designs, Sueddeutsche Zeitung reported, mentioning President Harald Krueger. Munich-based BMW expects to enhance its deliveries of fully electrical and hybrid automobiles to around 60,000 units this year, Krueger stated in […]

BMW cautions profits under pressure as car margins slip

BMW logo

BMW’s profit margins on automobiles drop in the third-quarter Struck by costs on more engineering personnel and brand-new electrical car innovations versus a background of stiffer cost competitors in the United States high-end vehicle market. BMW and its competitors are having a hard time to preserve earnings levels in the middle of heavy financial investment […]