BMW

    • BMW, Daimler face trials over carbon emissions targets

      BMW, Daimler face trials over carbon emissions targets

      German Daimler and BMW automotive producers found themselves under rapid legal fire over attempts to bring the two companies to court on charges linked to excessive carbon emissions. The heads of a German environmental NGO have sued both BMW and Daimler over their refusal to tighten carbon emissions targets and give up fossil fuel-emitting cars by 2030, Reuters reported. The NGO, Deutsche Umwelthilfe, confirmed that the lawsuits had been filed earlier this week.

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    • BMW beats expectations to a €4.8bn Q2 net profit

      BMW beats expectations to a €4.8bn Q2 net profit

      The German car maker BMW announced rising profits as it managed to benefit from the post-pandemic rebound. The company gained from higher prices of luxury cars in combination with a strategy focused on more profitable models. The net profit for the second quarter of 2021 edged up to 4.8 billion euros, AP reported. BMW still warned that deficit of raw materials will have a negative impact on the company's output in the coming quarters.

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    • EC fines car makers €875m over cartel deal

      EC fines car makers €875m over cartel deal

      The European Commission announced it had found that Daimler, BMW and Volkswagen group violated EU antitrust rules by colluding on technical development in the area of nitrogen oxide cleaning. The Commission has imposed a fine of a total of € 875m. Daimler was not fined, as it revealed the existence of the cartel to the Commission. All parties acknowledged their involvement in the cartel and agreed to settle the case. Volkswagen has to pay 502m euros in fine, while BMW is punished by 373m.

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    • FAW aims to buy China’s BMW partner for $7,2bn

      FAW aims to buy China’s BMW partner for $7,2bn

      China’s FAW has plans to buy Germany’s BMW local counterpart Brilliance in an acquisition valued at some $7,2 billion, Reuters reported. The targeted Brilliance China Automotive is a public company and is currently BMW’s main partner in the country. Sources familiar with the matter have said that FAW’s intentions include turning Brilliance into private company.

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    • BMW loses record €212m in second quarter

      BMW loses record €212m in second quarter

      German carmaker BMW on Wednesday registered a loss of €212m ($250.6m) in the second quarter of the year as demand slumped as a result of the coronavirus pandemic. The higher-than-expected loss, which before interest and taxes came in at €666m, compared with a profit of €1.48bn for the same period in 2019.

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    • Audi to join Mercedes, BMW development alliance

      Audi to join Mercedes, BMW development alliance

      Audi is set to join an alliance with rivals Daimler and BMW to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday. According to the newspaper, Audi, a unit of Volkswagen will announce the alliance at the Frankfurt auto show in early September.

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    • Microsoft, BMW launch industrial cloud platform

      Microsoft, BMW launch industrial cloud platform

      BMW has big plans for its iNext electric and fully autonomous vehicle, but making the car will require a streamlined, coordinated, and automated manufacturing system — something Microsoft wants to help them build. Thus, on Tuesday during the Hannover Messe, the companies announced a partnership to launch a new open-sourced industrial manufacturing platform called the Open Manufacturing Platform, or OMP.

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    • EU probes BMW, Daimler, VW over alleged emissions collusion

      EU probes BMW, Daimler, VW over alleged emissions collusion

      The European Commission has opened an in-depth investigation into whether German automakers BMW, Daimler and Volkswagen Group (Volkswagen, Audi, Porsche) breached EU antitrust rules by colluding to avoid competition on the development and roll-out of technology to clean the emissions of petrol and diesel passenger cars. The move marks a fresh blow to the scandal-hit industry three years after the notorious 'Dieselgate' scandal.

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