German premium carmaker BMW said Wednesday it expected trade tensions between the EU and United States to subside despite US President Donald Trump's threat to hike tariffs on European cars.
German high-end carmaker BMW will slash 6,000 of its over 120,000 jobs worldwide this year, a spokesman told AFP
Friday, as the industry battles a demand trough and production setbacks from
the coronavirus pandemic.
German car giants Volkswagen, BMW and Daimler have posted strong sales growth in the face of a contracting global market in 2019, shifting massive numbers of SUVs ahead of a pivotal year for electric mobility.
German luxury car manufacturer BMW will temporarily close its British plant in Oxford for two days around the
current scheduled date for Brexit, a company executive revealed Tuesday.
With a new car and range sporting a spruced-up logo, German car giant Volkswagen enters the Frankfurt IAA car
show hoping bets worth tens of billions of euros will pay off.
BMW said Thursday that its production chief Oliver Zipse will replace Harald Krueger as chief executive in August, as the German auto giant looks to accelerate its transition to electric cars.
The European Union warned German car giants BMW, Daimler and Volkswagen on Friday that a preliminary inquiry has concluded they colluded to avoid competing on emission control technology.
German high-end car giants BMW and Mercedes-Benz maker Daimler said Thursday they would work together to develop
automated driving and driver assistance systems, the latest cooperation for
the historically fierce rivals.
German high-end carmaker BMW said Tuesday it would recall more than one million additional diesel cars, citing a problem with the exhaust system that "in extreme cases can cause a fire".
US President Donald Trump's threat to impose steep tariffs on auto imports will hit foreign automakers that export a large number of vehicles to the US market, but many also manufacture cars domestically.
German automakers reacted with dismay Thursday as the US Commerce Department said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.
German carmakers Daimler and BMW said Wednesday they would merge their car-sharing services Car2Go and DriveNow, creating a European giant with around four million users to take on challengers like Uber.
Bavarian prosecutors have raided high-end carmaker BMW in a fraud probe relating to more than 11,000 vehicles they suspect were rigged to appear less polluting in regulators' tests.
Germany's massive car industry is the biggest investor worldwide in electric vehicles, a study published Monday found, as it scrambles under increasing pressure to adopt low-emissions technology.
German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings.
BMW will have to pay a $158 million fine that Swiss competition authorities imposed on the German automaker five years ago after Switzerland's top court said Friday that it had rejected its appeal.
German luxury carmaker BMW on Friday said it was recalling "approximately one million vehicles" in North America over two separate problems that posed fire risks, and did not rule out that more countries may be affected.
EU anti-trust regulators have raided the offices of automaker BMW in Munich, the company said, in a fresh blow to the German car industry already hit by the Dieselgate scandal.
German auto giants Volkswagen, BMW and Daimler were hit with lawsuits this week charging the companies colluded illegally to drive up the prices of their cars.
German carmakers faced a brewing scandal Monday as suspicions grew they colluded illegally for decades, further damaging the industry's image and exposing it to massive financial risks.
German luxury carmaker BMW on Sunday denied any collusion with industry rivals on emissions from its diesel engines, saying none of its models had been "manipulated" or violated industry regulations.
German high-end carmaker BMW issued a veiled warning on Thursday that a bad Brexit deal could see Mini production leave Britain, calling for "pragmatism" from London and Brussels in EU exit talks.
On her first face-to-face meet with Donald Trump at the White House this Friday, Angela Merkel will seek to talk the President's language, argues Jörg Luyken.
