BERLIN—BMW cut its car division’s 2022 profit margin forecast on Wednesday, 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. It now expects an earnings before interest and taxation (EBIT) margin of 7–9 percent for its car business rather than…
BMW Joins Other Carmakers in Ukraine Crisis Output Warning
March 17, 2022
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Europe’s Carmakers Scramble to Replace Ukrainian Auto Parts
BERLIN—Carmakers including Volkswagen and BMW are scrambling to find alternative sources of vital parts made in Ukraine from as far afield as China and Mexico, as Russia’s invasion halts assembly lines and breaks complex supply chains. The hunt for new supplies is the latest challenge for an auto industry already reeling from soaring metal and…
BMW Beats Pre-Pandemic Earnings, but Chip Troubles Hit Fourth Quarter
BERLIN—BMW more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales of top-end cars boosted revenue despite supply chain constraints. The premium carmaker, which sold a record 2.52 million vehicles last year despite semiconductor shortages, reported a 10.3 percent earnings margin…
BMW Recalls Vehicles for 3rd Time Due to Engine Fire Risk
DETROIT—BMW is recalling more than 917,000 older cars and SUVs in the United States—most for a third time—to fix a problem that can cause engine compartment fires. The recall covers many 3 Series, 5 Series, 1 Series, X5, X3, and Z4 vehicles from the 2006 through 2013 model years. Documents posted Wednesday by the U.S….
BMW Cautious on Bringing Batteries In-house Despite Rising Sales
BERLIN—BMW won’t scale up its own battery cell production for electric cars until the technology has developed further, the German company said on Thursday, taking a more cautious approach than some rivals despite record brand sales in 2021. The automaker, which was also upbeat about hitting the top end of its 9.5 percent–10.5 percent profit…
BMW Posts Record Yearly Sales Becoming World’s Leading Premium Car Brand
BMW posted robust yearly sales growth of 8.4 percent with a combined sales of 2.52 million vehicles delivered globally last year and doubling its sales of fully-electric cars, said a company report, positioning BMW as the top leading premium car brand worldwide. The Munich-based auto manufacturer’s sales count included numbers from MINI and Rolls-Royce as…
Volkswagen Sales Hit 10-year Low in 2021, BMW Races Ahead
BERLIN—Volkswagen Group posted its lowest sales figures in 10 years in 2021 at 8.9 million deliveries, the carmaker said on Wednesday, and it said it expected supply chain conditions to remain volatile in the first half of this year. By contrast, luxury carmaker BMW saw record deliveries of 2.21 million vehicles from the BMW brand,…
Change Your Car’s Color With an App: BMW Unveils Color-Changing Car
LAS VEGAS—German carmaker BMW has unveiled the world’s first “colour-changing” car at the Consumer Electronics Show (CES) in Las Vegas. The concept car, called the BMW iX Flow, uses electronic ink technology normally found in e-readers to transform the car’s exterior into a variety of patterns in gray and white. “This is really energy efficient…
BMW to Create up to 6,000 New Jobs Next Year: CEO
BERLIN—Germany’s BMW plans to create up to 6,000 new jobs next year to prepare for the growing demand for its electric vehicles, the carmaker’s chief executive told daily Muenchner Merkur. BMW is on a very good path through the transformation and has its plants prepared for e-mobility, Oliver Zipse was quoted as saying in an…
NHTSA Opens Preliminary Investigation Into Infotainment System in 580,000 Tesla Cars
December 22, 2021
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The National Highway Traffic Safety Administration (NHTSA) announced on Dec 22. that it has opened a formal investigation into Tesla over the safety of its front center touchscreen that could allow drivers to play video games while the vehicle is in motion. The U.S. auto safety regulator said that it is looking into 580,000 Tesla…
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