BMW Archives — Page 2 of 4 — City Business News

June 21, 2020 No Responses

BMW, Mercedes Suspend Automated Driving Alliance

Daimler has put on hold a development alliance in the area of automated driving between its luxury brand and rival German luxury carmaker BMW.“Following extensive review, the two companies have arrived at a mutual and amicable agreement to concentrate on their...

June 19, 2020 No Responses

New BMW M5 Debuts

BMW has announced the global unveiling of the facelifted versions of the M5 and the M5 Competition.According to BMW, the 2021 BMW M5 and M5 Competition will hit the roads in a much sharper form.The new M5 and M5 Competetion high-performance sedans have b...

March 13, 2020 No Responses

BMW Declares $115.4b In 2019

BMW on Thursday reported a 29-percent drop in profits in 2019, blaming heavy legal costs and high investments in a challenging economic environment. Despite record revenues of 104 billion euros ($115.4 billion), driven by strong sales of its highest-end models...

January 21, 2020 No Responses

BMW Recalls 357,000 Vehicles

BMW is recalling nearly 357,000 older vehicles in the U.S. to replace dangerous Takata front air bag inflators. According to BMW, the inflators are among 10 million sold to 14 automakers that Takata is recalling. It’s the last recall that...

January 11, 2020 No Responses

BMW Delivers 2.5m Vehicles In 2019

BMW said it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019, making it the best-selling premium car group, ahead of rival Daimler . Daimler said on Thursday it had sold 2.34 million Mercedes-Benz passenger cars in 2019 for...

December 9, 2019 No Responses

BMW Records 225,662 Sales In November

BMW Group has announced that its sales grew in November 2019 to 225,662 units, up 1.4 per cent compared to the same month last year. The German automobile group attributes the high demand for electrified vehicles behind the growth momentum....

December 6, 2019 No Responses

BMW Sues Firm Over Price Fixing

BMW is suing two of its suppliers over price fixing on air conditioning components. The German carmaker is suing France’s Valeo and Japan’s Denso for damages of 141 million euros ($155.4 million). Agency Reports explained that the case ...

November 27, 2019 No Responses

BMW Sets Aside €7.3b For Battery Cell

BMW Group has announced that it will significantly increase its battery cell orders from Chinese company Contemporary Amperex Technology Co. Ltd (CATL), in order to boost its vehicle electrification program.BMW Group has also informed in a release that the ord...

November 7, 2019 No Responses

Renewed Interest In BMW Lifts Q3 Profit By 33 Per Cent

BMW’s new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings.Oliver Zipse, who became CEO in Augu...

October 13, 2019 No Responses

BMW Delivers 1,866,198 Units In Nine Months

BMW recorded 4.6 per cent growth in delivery in September 2019 with 248,684 units, which includes BMW, Mini and Rolls Royce vehicles. Cumulatively, the auto group has delivered 1,866,198 units between January-September this year, up 1.7 per cent compared to...

September 20, 2019 No Responses

New BMW X7 To Debut In Nigeria At Banana Island Festival

Coscharis Motors Nigeria, the exclusive franchise owner of BMW in Nigeria is set to officially reveal the very first-ever BMW X7, the pinnacle of BMW’s X Sport Activity Vehicle line-up and a statement of the luxury class at this year’s...

August 17, 2019 No Responses

BMW To Staff: Narrow Sales Gap With Mercedes

BMW’s new chief executive, Oliver Zipse urged employees to embrace change and to find innovative ways to help the Bavarian carmaker overtake rival Mercedes at a time when demand for luxury carsis waning. According to Reuters, Oliver Zipse addressed staff...

August 15, 2019 No Responses

BMW Explains 1.3% Increase In July Sales

BMW Group has posted 1.6 per cent Year on Year (YoY) growth in July 2019 with 183,487 units delivered.. BMW brand registered 1.6 per cent YoY growth with 157,062 units delivered last month. The X range of luxury SUVs from...

July 23, 2019 No Responses

BMW Delivers 12,52,837 Units In Six Months

BMW Group has posted its best-ever first half of the year sales with 12,52,837 units sold between January-June 2019, marking 0.8% growth compared to the same period last year, says the German company in a release. This success bucks the...