Continental Picks Goldman, JPMorgan for Car Parts Spinoff
Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.
October 8, 2024BMW Recalls More Cars After New Issue With Brakes
BMW AG is recalling 270 vehicles in the U.S. to fix improper welding on braking systems supplied by Continental AG, adding to a more widespread issue with the component.
BMW Recalls 1.5 Million Cars Over Braking System
NEW YORK — BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the German carmaker said was partially triggered by hefty expenses of addressing a braking system recall.
BMW to Sell Hydrogen Cars in Partnership With Toyota
BMW AG plans to start selling hydrogen-powered vehicles in four years in a bid to establish the technology as an alternative to battery-electric cars.
BMW Expects EV Sales to Keep Growing but at a Slower Pace
BMW AG remains bullish on battery-powered electric vehicles in the U.S., even though it’s expecting the sector’s market share gains to slow.
BMW Recalls SUVs Over Air Bag Explosion Risk
BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and endangering people in the vehicles.
BMW, Mercedes to Set Up Joint EV Charging Network in China
BMW AG and Mercedes-Benz Group AG will cooperate on a fast-charging network for EVs in China with a plan to open at least 1,000 stations by 2026.
BMW Boosts Electric Car Spending to Catch Up With Tesla
BMW AG is stepping up spending on its electric car rollout after the luxury carmaker’s battery-vehicle deliveries more than doubled during the first half of the year.
BMW Hopes to Ride the Wave of Hydrogen Trucking Stations
BMW AG is hoping to piggyback on future hydrogen fueling stations for trucks to help solve the protracted issue of building an expensive infrastructure network for cars powered by the alternative fuel.
BMW Recalls Almost 1 Million Cars Over Engine-Fire Risk
BMW AG recalled more than 917,000 cars in the U.S. — most of them for a second time — over an engine ventilation system that could overheat and increase the risk of fire.