BERLIN—BMW has sold its one millionth electric vehicle (EV)—including purely electric and hybrid vehicles—and plans to reach two million sales of purely electric vehicles by 2025, the German carmaker said on Tuesday. Around 70 percent of EVs sold so far were hybrids, board member Pieter Nota said in a roundtable with journalists, adding that the…
BMW Hits 1 Million EV Sales, Targets 2 Million Fully Electric Sales by 2025
BMW Says It Is Not Interested in McLaren Automotive, Audi Says Open to Cooperation
Bayerische Motoren Werke AG, better known as BMW, has denied reports by Automobilwoche saying it was interested in buying McLaren Automotive. On the other hand, Volkswagen’s Audi has said that it is open to exploring the opportunity. Earlier, Automobilwoche reported that both BMW and Audi are eyeing the company’s supercar business, with Audi also interested…
High Prices, Steady Supply Chain Protect BMW From Industry Woes
November 6, 2021
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BERLIN—BMW beat analysts’ forecasts on Wednesday with a 42.4 percent increase in third quarter net profits to 2.58 billion euros ($2.99 billion) as higher prices and strong electric vehicle (EV) sales offset lower deliveries due to scarce chips. In an earnings call, finance chief Nicolas Peter said the company was confident of topping its target…
BMW Cuts East German Working Hours to Same as West
BERLIN—BMW will cut working hours at its east German plant from 38 to 35, in line with its west German factories, it said on Friday, in a move welcomed by the works council as bringing long-awaited equality 30 years after the fall of the Berlin Wall. Salaries and working hours remain uneven between western and…
New Jersey Man Falls 9 Stories From High Rise Onto BMW, Survives
A New Jersey man survived a fall from a nine-story high rise in Jersey City after landing on a parked BMW on Wednesday morning, according to bystanders and officials. Witness Christina Smith, 21, told the New York Post that she heard the moment the man, 31, crashed through the roof of the vehicle parked below…
BMW Invests in Lithium Technology Startup Lilac Solutions
BMW said on Wednesday it will invest in lithium technology startup Lilac Solutions Inc to support more-efficient ways to produce the electric vehicle battery metal. Privately-held Lilac is part of a growing number of technology developers seeking to extract lithium from saltwater brines faster, cheaper, and with less water than evaporation ponds, which have long…
Luxury Carmaker Rolls-Royce to Switch to All Electric Range by 2030
BERLIN—Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover. The BMW-owned brand said in a statement that its first fully electric-powered car, named “Spectre,” will be on the market in the fourth quarter of 2023,…
American Horschel Wins PGA Title, Wiesberger Earns Ryder Cup Debut
LONDON—American Billy Horschel birdied the 18th hole to claim the BMW PGA Championship title in a tense finish on Sunday in a tournament with huge implications for Europe’s Ryder Cup team. Horschel was tied for first in a group on -18 as he stood over his third shot at the par-five 18th at Wentworth but…
BMW CEO Expects Chip Supply to Remain Tight for Another 6–12 Months
MUNICH—BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon. “I expect that the general tightness of the supply chains will continue in the next 6 to 12 months,” he said at the IAA Munich car…
Patrick Cantlay Outlasts Bryson DeChambeau, Wins BMW in Playoff
Patrick Cantlay made a litany of must-have putts, culminating in a 17 1/2-foot birdie on the sixth playoff hole that carried him to a victory over Bryson DeChambeau at the BMW Championship outside Baltimore. The astonishing victory at Caves Valley Golf Club gave Patrick Cantlay 2,000 FedEx Cup points, enough to move into first place…
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