BMW Group sales down 4.8% in 2022 on supply bottlenecks The BMW Group delivered just under 2.4 million vehicles in 2022, down 4.8% from the year before, with brand sales down 5.1% as supply chain … Business • 10 Jan
BMW teases a talking car that shifts colours BMW has unveiled a prototype for a car that talks like a human being, changes colours to suit the driver's mood and has no screens … Business • 06 Jan
BMW expects sales dent as inflation hits buying power German premium carmaker BMW has today reported better than expected quarterly net profit thanks to high car prices but warned that rising inflation and interest … Business • 03 Nov 22
BMW Group sales drop slightly in third quarter BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war in Ukraine … Business • 10 Oct 22
BMW expects slight growth in 2023 BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial … Business • 26 Sep 22
BMW sells 13% fewer cars in first half of 2022 Munich-based carmaker BMW sold nearly a seventh fewer vehicles in the first half of 2022 compared with the same period in 2021 amid chip shortages … Business • 08 Jul 22
BMW starts production at new China plant to ramp up EVs Germany's BMW said today that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as … Business • 23 Jun 22
BMW exploring greener energy investments BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker's production chief told Reuters today. Business • 23 May 22
BMW profit gets lift from Chinese joint venture BMW has today posted a rise in first-quarter profit, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and … Business • 05 May 22
BMW CEO warns against electric-only strategy BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on … Business • 14 Apr 22
BMW cuts car unit profit forecast due to Ukraine war BMW cut its car division's 2022 profit margin forecast today, the latest automaker to warn of problems from ongoing chip shortages and new supply chain … Business • 16 Mar 22
BMW still cautious on bringing battery output in-house BMW won't scale up its own battery cell production for electric cars until the technology has developed further, the German company said today, taking a … Business • 13 Jan 22
VW's sales hit 10-year low in 2021 as BMW races ahead Volkswagen Group posted its lowest sales figures in 10 years in 2021 at 8.9 million deliveries, the carmaker said today, and it said it expected … Business • 12 Jan 22
Stellantis to develop AI-powered platforms from 2024 Automaker Stellantis has rolled out its software strategy, including a 2030 target of 20 billion euros in annual revenue from related products and subscriptions as … Business • 07 Dec 21
BMW hits one million electrified vehicle sales BMW has sold its one millionth electrified vehicle - including purely electric and hybrid vehicles - and plans to reach two million sales of purely … Business • 07 Dec 21
BMW offsets low deliveries with increased prices in Q3 German automaker BMW has today reported third-quarter earnings before interest and taxes of €2.88 billion, beating analysts' expectations of €2.34 billion, as it offset reduced … Business • 03 Nov 21
BMW plans to reduce emissions in car life cycle by 40% BMW plans to reduce carbon emissions across the life cycle of its vehicles, including the production process, by at least 40% from 2019 levels by … Business • 02 Sep 21
BMW, Volkswagen Group fined for restricting competition The European Commission said today that three German carmakers breached EU competition rules by restricting competition in emission cleaning for new passenger diesel cars. Business • 08 Jul 21
BMW confirms 2021 outlook, but sees volatility ahead BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, the German carmaker said today, having largely steered clear … Business • 07 May 21
European new car sales drop by 13.5% in November European car registrations dropped in November, declining for the second month in row, industry data showed today, as measures to restrict a second coronavirus wave … Business • 17 Dec 20
Honda hopes to resume UK car output on Monday Japanese carmaker Honda hopes to restart production at its British factory on Monday after halting output because of transport-related delays that caused a shortage of … Business • 10 Dec 20
BMW Q3 profit rebounds on China demand for luxury cars BMW's third-quarter profit rose almost 10% thanks to Chinese demand for luxury cars, but the German automaker warned a new wave of coronavirus infections sweeping … Business • 04 Nov 20
Brexit could cost auto industry €10-11 billion - BMW BMW's chief financial officer Nicolas Peter said that Britain's separation from the European Union could cost carmakers and suppliers up to €11 billion unless cross-border … Business • 08 Oct 20
European carmakers restart production as lockdowns ease Volkswagen restarted production at its Wolfsburg factory in Germany today, the latest of a fleet of European carmakers to take advantage of eased coronavirus lockdown … Business • 27 Apr 20
BMW, Great Wall to build China plant for electric cars BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and … Business • 29 Nov 19
