Tag: BMW

November 1, 2022

The US battery-building spree continues as BMW and Hyundai each made major announcements this month. First, BMW Group announced a $700 million investment to build a new high-voltage battery assembly facility in Woodruff, SC, close to the company’s Spartanburg automobile […]

June 22, 2022

By early 2023, the BMW Group will have a digital scan of every one of its vehicle plants worldwide. In this way, the company is systematically merging the real and virtual worlds and tapping into the enormous potential for highly […]

May 3, 2022

Stellantis NV will acquire the Share Now car-sharing venture formed by BMW AG and Mercedes-Benz AG, the latest shakeup in the industry as automakers struggle to make mobility services profitable. Stellantis’s Free2Move mobility brand didn’t disclose a price for buying […]

March 28, 2022

The BMW Group is publishing the world’s largest data set to streamline and significantly accelerate the training of artificial intelligence in production. The synthesized AI dataset – known as SORDI (Synthetic Object Recognition Dataset for Industries) – consists of more […]

November 22, 2021

BMW Manufacturing will be expanding its operations in Spartanburg County, SC, with the construction of a new $100 million logistics center. The facility, which will be located on 120 acres off Freeman Farm Road, will enhance BMW’s logistics operations supplying […]

July 21, 2021

The global semiconductor shortage is disrupting production in the German car industry just as demand rebounds strongly from the pandemic-induced downturn. Automakers Daimler and BMW said this week that the lack of chips had forced assembly lines to slow down […]

May 12, 2021

German automaker BMW plans to unveil a limited series of hydrogen fuel cell crossovers in 2022 as the company continues to research zero-emission alternatives to battery-electric cars, the company’s top executive said on Wednesday. Speaking at the carmaker’s annual shareholder […]

March 17, 2021

The U.S. stock-market craze for all things to do with electric vehicles is showing its first signs of crossing the Atlantic. Volkswagen ’s preference stock, the form of VW equity traded by most investors, has risen 16% this week to […]

December 3, 2020

The automobile industry is undergoing a massive transition process in the past few years. And in recent days, it has gotten even faster and the future seems to be so good. Now, to be honest, this change must have been […]

August 31, 2020

BMW is making work force cuts in the U.S. to adjust for a business slowdown in the wake of the coronavirus pandemic. The company is expected to cut about 125 corporate staff positions around the country, according to a source […]

July 24, 2020

BMW plans a version of the X5 crossover that runs on hydrogen fuel cells, part of the carmaker’s plan of producing as many drive variants as possible until one technology proves dominant. The i Hydrogen NEXT will get a limited […]

June 18, 2020

BMW said fourteen employees have tested positive for the COVID-19 virus at a plant in Spartanburg, S.C., its biggest source of light-vehicle output worldwide. Production at the 7 million-square-foot factory has not been affected, a BMW spokesman said Thursday. The […]

April 20, 2020

Germany’s auto industry and senior politicians are stepping up calls for another scrappage program — known in the U.S. as cash for clunkers — to revive demand after the coronavirus crisis as Volkswagen and Daimler gradually restart output in European […]

March 10, 2020

FRANKFURT — European auto manufacturers have so far defied expectations that supply chain chaos would bring their assembly lines to a standstill. Even after northern Italy, an important node in the global parts network, went into lockdown on Sunday, carmakers […]

March 3, 2020

BMW released Tuesday the details of an electric concept car, with production of the vehicle expected to start in 2021. In an interview with CNBC Tuesday, CEO Oliver Zipse described the BMW Concept i4 vehicle as bringing “electromobility to the […]

February 6, 2020

MUNICH (Reuters) – BMW said on Thursday it is increasing production of electric vehicle powertrain components at its plant in Dingolfing, Bavaria, and raising its staff numbers to 1,400 this year, from 600 at present. Responding to tougher emissions rules […]

January 10, 2020

FRANKFURT — Soaring demand for SUVs and crossovers drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles. BMW […]

October 25, 2019

STUTTGART — BMW AG has told United States trade representatives, including Robert Lighthizer, that intensifying a global trade war could threaten jobs in South Carolina, CEO Oliver Zipse said on Friday. An imposition of trade barriers would hamper the ability […]

September 26, 2019

GAYDON, England — Jaguar Land Rover will halt production at its British factories for a week in November, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit. CEO Ralf Speth said JLR had […]

August 19, 2019

FRANKFURT — Carl-Peter Forster, formerly head of GM Europe and a BMW veteran, has been proposed as chairman of Hella’s shareholders’ committee, the German supplier said in a statement. The appointment could be confirmed at the company’s annual general meeting […]