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Tag: BMW

BMW Has a New All-Electric SUV and 3 Series-Based Sedan on the Way

Plans for BMW’s next generation of EVs are starting to take shape. We already knew an SUV would launch as part of the German marque’s upcoming battery-powered Neue Klasse lineup, but now it’s been confirmed that it will be joined by a sedan, according to Top Gear. The EVs, which will feature a design language […]

BMW tells EU not to be ‘afraid’ of Chinese electric cars

China electric cars BMW has urged the European Union not to be “so afraid” of Chinese electric vehicles (EVs) amid a rift between Germany and France over how to tackle a wave of cheap exports. Oliver Zipse, chairman of BMW Group, claimed fears about an onslaught of Chinese EV arriving on the Continent were overblown […]

BMW expects drop in pre-tax profit this year

STORY: BMW expects a slight drop in pre-tax profit this year. It cites higher research and development, personnel and manufacturing costs. It also sees a fall in used car prices as contributing to the decline. The German auto giant on Wednesday (May 8) reported a fall in its first-quarter profit margin in the automotive segment. […]

BMW says EU probe into China EV subsidies against free trade

German automakers have invested heavily in China in recent decades (Hector RETAMAL) The chief executive of German luxury carmaker BMW on Wednesday warned the European Union’s investigation into Chinese electric car subsidies runs counter to free trade. The EU launched the inquiry last year, fearing that Chinese subsidies are a threat to Europe’s own vast […]