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 | AP Business Writer
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
Business, Technology, Logistics

BMW Pushes on With UK-Made Electric Minis as Brexit Looms

BMW Luke Sharrett/Bloomberg News

BMW AG will start production of an electric Mini model in the U.K. later this year even as carmakers grapple with the implications of the latest twist to Britain’s exit from the European Union.

Oliver Sachgau | Bloomberg News
March 20, 2019
Business, Technology, Equipment, Logistics

Daimler Joins BMW in Bid to Be a Force in Ride-Hailing Sector

Dieter Zetsche BMW CEO Harald Krueger and Daimler AG CEO Dieter Zetsche in Berlin. (Krisztian Bocsi/Bloomberg News)

Daimler AG and BMW AG are pouring more than 1 billion euros into their joint car-sharing and ride-hailing businesses to take on the likes of Uber Technologies Inc. and Lyft Inc.

February 22, 2019
Government, Business, Technology

Spending on Future Tech Eats Into BMW Profits

BMW headquarters in Munich, Germany BMW's headquarters in Munich. (Matthias Schrader/AP)

FRANKFURT, Germany — BMW’s profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1.

David McHugh | AP Business Writer
August 2, 2018
Government, Business, Equipment

BMW Raided in Collusion Probe as Daimler Blows Whistle to EU

Matthias Schrader/AP Photo

BMW AG said it was raided by European Union antitrust watchdogs this week as the EU ramped up a probe into the German car industry following reports that carmakers colluded on technology for decades.

October 20, 2017