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Offering more fuel-efficient combustion engine cars was key both from a profit perspective and an environmental perspective, Zipse argued

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 electric vehicles, adding that there was still a market for combustion engine cars.

Business • 14 Apr 22

BMW said production interruptions should continue to be expected due to the war in Ukraine

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 disruptions as a result of Russia's invasion of Ukraine.

Business • 16 Mar 22

German rivals Volkswagen and Daimler both have direct stakes in battery cell makers

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 more cautious approach than some rivals despite record brand sales in 2021.

Business • 13 Jan 22

VW said it expected supply chain conditions to remain volatile in the first half of 2022

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 supply chain conditions to remain volatile in the first half of this year.

Business • 12 Jan 22

Stellantis said from 2024 it would deploy three new technological platforms powered by artificial intelligence

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 it takes aim at rival Tesla.

Business • 07 Dec 21

BMW plans to reach two million total EV sales by 2025, the German carmaker said today

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 electric vehicles by 2025, the German carmaker said today.

Business • 07 Dec 21

BMW said the chip supply will remain an issue into 2022

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 deliveries with higher prices.

Business • 03 Nov 21

BMW has been reluctant to set a hard deadline for phasing out fossil-fuel cars

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 2030, the carmaker said today, up from a previous target of a third.

Business • 02 Sep 21

The Volkswagen Group and BMW have been fined a total of €875m between them

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 said that its first-quarter results received a boost from the sale of previously leased vehicles

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 of the semiconductor chip shortage battering rivals like Volkswagen.

Business • 07 May 21

New car registrations dropped by 13.5% year-on-year to 1.05 million in the European Union, Britain and the countries of the European Free Trade Association

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 hit sales in the continent's largest markets.

Business • 17 Dec 20

Honda halted production at its Swindon plant in England earlier this week due to a shortage of parts

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 parts.

Business • 10 Dec 20

BMW's quarterly pretax profit recovered in the third quarter, rising 9.6% to €2.46 billion

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 Europe and the US posed a "considerable" risk to its business.

Business • 04 Nov 20

BMW warns that Brexit could cost carmakers and suppliers up to €11 billion unless cross-border trade remains tariff-free and unbureaucratic

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 trade remains tariff-free and unbureaucratic.

Business • 08 Oct 20

Volkswagen is restarting production at its Wolfsburg factory in Germany today

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 rules to resume manufacturing.

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 which will produce BMW's electric MINI brand and Great Wall Motor models.

Business • 29 Nov 19

BMW said its third-quarter operating profit jumped by 33%

BMW's SUV sales help drive 33% profit increase

BMW's third-quarter operating profit rose 33% on stronger sales of sports utility vehicles as well as the absence of one-off factors which had depressed earnings a year ago, the German luxury car maker said today.

Business • 06 Nov 19

BMW said earnings before interest and taxes fell to €2.2bn in the second quarter

BMW earnings fall in Q2 despite growing sales

BMW's second quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits.

Business • 01 Aug 19

BMW picks insider Zipse as CEO to catch up with rivals

BMW has named Oliver Zipse as its new CEO, hoping the "decisive" company lifer will help the car maker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor.

Business • 19 Jul 19

BMW plans to ship 2,000 vehicles to the US from its new Mexican plant in April to July

BMW sees no reason to change its Mexico plans

BMW sees no reason to change its plans for Mexico in the wake of US threats to slap duties on Mexican imports, a board member of the German carmaker has said.

Business • 07 Jun 19

BMW's Q1 operating profit fell 78% to €589m, despite higher deliveries of luxury vehicles,

BMW Q1 profit falls 78%, hit by €1.4bn legal provision

BMW's first-quarter operating profit fell 78% to €589m, despite higher deliveries of luxury vehicles, as the car maker took a hit from higher investment spending and a €1.4 billion legal provision.

Business • 07 May 19

The European Commission said it had sent statements of objections setting out the charges to the companies

Volkswagen and BMW charged over emissions technology

EU antitrust regulators have charged BMW, Daimler and Volkswagen for hindering competition on emission cleaning technology between 2006 to 2014.

Business • 05 Apr 19

BMW builds just over 15% of Britain's 1.5 million cars

BMW, Peugeot go ahead with UK plant shutdowns

BMW's Mini plant in Britain closed for four weeks from yesterday and Peugeot's Vauxhall car factory shuts for two weeks in moves planned months ago to help the firms deal with any disruption resulting from Brexit, which has since been delayed.

Business • 02 Apr 19

BMW has announced a €12 billion cost savings and efficiency plan to help offset higher technology investment and currency costs

BMW warns of significant profit fall in 2019

BMW said today that it expected its group pretax profit to fall by more than 10% in 2019.

Business • 20 Mar 19

BMW builds over 15% of Britain's 1.5 million cars, including Minis at its factory in Oxford

BMW still preparing for no-deal Brexit despite vote

German carmaker BMW said it is continuing to prepare for a "worst-case scenario" no-deal Brexit after lawmakers voted to seek a delay to Britain's exit from the European Union.

Business • 15 Mar 19