Business, Technology, Safety

BMW Recalls Almost 1 Million Cars Over Engine-Fire Risk

BMW logo Gene J. Puskar/Associated Press

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.

Craig Trudell | Bloomberg News
March 9, 2022
Business, Technology, Fuel, Autonomous

BMW Ramps Up Move to Electric Cars

BMW i4 BMW i4 by BMW Group

FRANKFURT, Germany — BMW intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030, the German automaker said March 17.

David McHugh | Associated Press
March 17, 2021
Government, Business, Technology, Autonomous

BMW Fourth-Quarter Profit Increases on Luxury-Car Sales

BMW The BMW logo is displayed on the rear of a 2020 BMW X2 xDrive 28i at the Pittsburgh International Auto Show on Feb.13, 2020. (Gene J. Puskar/Associated Press)

BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains.

Oliver Sachgau | Bloomberg News
March 12, 2020
Government, Business

BMW Contacted by SEC Over US Sales Reporting Practices

BMW Krisztian Bocsi/Bloomberg News

BMW AG is being scrutinized by the U.S. Securities and Exchange Commission over its sales reporting practices, months after the regulator extracted a penalty from Fiat Chrysler Automobiles NV over similar issues.

December 23, 2019
Business, Technology

BMW to Cut Staff Bonuses in Electric Car Savings Push

BMW’s new Chief Executive Officer Oliver Zipse BMW CEO Oliver Zipse by Matthias Schrader/Associated Press

BMW AG will reduce bonus payments for employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.

Christoph Rauwald | Bloomberg News
November 27, 2019

Former BMW Executive Markus Duesmann Named New CEO at Rival Audi

Markus Duesmann Markus Duesmann by Matthias Schrader/AP

BERLIN — German automaker Audi says former BMW executive Markus Duesmann is to become its new CEO.

November 15, 2019
Business, Technology

BMW Plans as Many as 6,000 Job Cuts in Germany, Report Says

BMW Krisztian Bocsi/Bloomberg News

BMW AG plans to cut as many as 6,000 jobs in Germany by 2022 as part of its ongoing cost-savings effort, according to Manager Magazin.

Tara Patel | Bloomberg News
September 19, 2019

BMW Names Production Chief Oliver Zipse as New CEO

BMW's Oliver Zipse Zipse championed a manufacturing system that allows electric, hybrid and conventional cars to roll off the same line to boost flexibility amid uncertain demand. (Chris Ratcliffe/Bloomberg News)

BMW AG promoted production chief Oliver Zipse to chief executive officer, resetting its leadership to catch up with rivals in the transition to an era of self-driving, electric cars.

Oliver Sachgau | Bloomberg News
July 18, 2019
Business, Technology, Autonomous

BMW CEO Harald Krueger to Quit After Carmaker Loses Early Lead in Electrics

Harald Krueger Harald Krueger by Matthias Schrader/AP

FRANKFURT, Germany — BMW CEO Harald Krueger is stepping down after a four-year tenure in which the automaker lost its lead in luxury car sales and saw an early head start in electric vehicles evaporate.

David McHugh | Associated Press
July 5, 2019
Business, Logistics

BMW Factory Caught in Trump’s Mexican Standoff

BMW Construction on a BMW plant underway in Mexico. (Susana Gonzalez/Bloomberg News)

President Donald Trump’s vow to impose a 5% tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week.

Oliver Sachgau | Bloomberg News
May 31, 2019