FILE PHOTO: Nicolas Peter, CFO of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder FRANKFURT (Reuters) – BMW’s (BMWG.DE) finance chief Nicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022, mostly at the carmaker’s Munich headquarters, a German magazine reported on Thursday.… Continue reading BMW CFO wants to cut 5,000-6,000 jobs by 2022: Manager Magazin
Tag: BMW
Head of BMW-Daimler joint mobility services venture resigns
BERLIN (Reuters) – Daniela Gerd tom Markotten, the head of a joint mobility services unit of German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE), has resigned, BMW said on Thusday. “We can confirm that she has left the company at her own request,” a BMW spokeswoman said. German monthly manager magazin first reported the move… Continue reading Head of BMW-Daimler joint mobility services venture resigns
Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators
LOS ANGELES, Sept. 19, 2019 /PRNewswire/ — Wunder Mobility, the fastest-growing mobility technology company in Europe, today announced its official U.S. headquarters based in Los Angeles. The company also announced it has completed $60 million in Series B financing from existing investors, including Blumberg Capital and KCK. The expansion and new capital will enhance Wunder Mobility’s capabilities… Continue reading Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators
Car manufacturer: HR Director Milagros Caina-Andree says goodbye to BMW
Milagros Caina-Andree After more than seven years, the hiring manager will leave BMW. (Photo: AP) Munich BMW must occupy another top post. After this Resignation of CEO Harald Krüger and the Change of former production manager Oliver Zipse On the executive chair announced on Wednesday staff member Milagros Caina-Andree their farewell. She renounced for personal… Continue reading Car manufacturer: HR Director Milagros Caina-Andree says goodbye to BMW
BMW should buy Jaguar Land Rover from Tata Group, Bernstein says
Buying JLR for 9 billion pounds ($11.2 billion) could add 20% to BMW’s earnings By Anurag Kotoky We need to talk about Jaguar Land Rover. That’s the message from Sanford C. Bernstein analysts, who say BMW AG should buy the British luxury brand from India’s Tata Motors Ltd. “BMW is overcapitalised and awash with cash.… Continue reading BMW should buy Jaguar Land Rover from Tata Group, Bernstein says
Change of strategy: BMW discontinues electric car i3
The electric car BMW i3 will not get a successor. This has the marketing director of the manufacturer, Pieter Nota opposite the Financial Times announced. Instead, want BMW offer other models of the group as pure battery cars or plug-in hybrids. “There is no concrete plan for an i3 successor,” Nota told The Financial Times.… Continue reading Change of strategy: BMW discontinues electric car i3
The CO2 hangover – as the automakers present at the IAA: Vegan appetizers instead of Kobe beef – not only VW is thinking about the IAA
AFP VW boss Herbert Diess, electric car ID.3 at the IAA: It’s all a little smaller The fan of this IAA stands directly in front of the Frankfurt Festhalle: a huge, black balloon with a big CO2 imprint. The environmentalists of Greenpeace thus demonstrate against the high pollutant emissions of SUVs. The balloon holds around… Continue reading The CO2 hangover – as the automakers present at the IAA: Vegan appetizers instead of Kobe beef – not only VW is thinking about the IAA
BMW i3 To Die Off: Will Not Get A Successor
BMW i3 will share the fate of the BMW i8, which recently entered the last limited edition to mark the end of production. After it was officially confirmed that the production of BMW i8 will end after the final i8 Ultimate Sophisto edition, now BMW confirms rumors about no direct successor for the BMW i3.… Continue reading BMW i3 To Die Off: Will Not Get A Successor
CATL considers U.S. plant, targets 45 percent energy-density boost in 5 years
China’s Contemporary Amerex Technology Co., better known as CATL, has in the past several years become a global battery giant.
Last week one of its senior executives revealed to Reuters that the company is considering a manufacturing expansion into North America, even though the market for EVs will lag that of China and Europe.
The company is already planning a battery “gigafactory” of its own in Erfurt, Germany—a facility that will start production in 2021 and be one of the largest battery plants in Europe.
The plant will make cells and modules, which is part of CATL’s plan to mastermind the whole pack and save size and weight. Through its cell-to-pack technology, it says it can increase mass energy density by 10-15 percent and increase volume utilization efficiency by 15-20 percent.
CATL products – 2019
CATL announced firm numbers for the improvements. It can now accomplish more than 200 watt-hours per kilogram with its automotive lithium-ion batteries for EVS (up from 180 wh/kg).
Energy density with its current chemistries has reached 240 watt-hours per kilogram, and it’s targeting 350 wh/kg—a 45 percent improvement—by 2024.
The battery company also announced that it’s working to improve its total battery life to 373,000 miles (600,000 km), with other improvements including uniform self-heating technology built into the battery for better cold-weather performance plus a “turbo charging solution” for larger (C/D-class) vehicles that would allow 0-80 percent charging in just 9 minutes.
2020 Mini Cooper SE Hardtop
CATL recently announced a collaboration with Bosch, in which the battery supplier will supply cells for Bosch’s 48-volt systems globally. It’s already forged supply partnerships with Volkswagen, Daimler, Jaguar Land Rover, Volvo, Honda, and Toyota, and it will be making cells for upcoming BMW and VW models, as well as the 2020 Mini Cooper SE, at the plant in Germany.
Earlier this summer it was reported that LG Chem was considering a second U.S. manufacturing plant to supply Volvo, among other potential customers. And earlier this year South Korean rival SK Innovation broke ground on a $1.7 billion battery plant in Georgia, expected to supply Mercedes-Benz and Volkswagen, among others.
Trifacta Secures $100M in Funding
Trifacta, a San Francisco, CA-based data wrangling company, secured $100m in financing. Backers included Telstra Ventures, Energy Impact Partners, NTT DOCOMO Ventures, BMW iVentures, ABN AMRO Digital Impact Fund, Accel Partners, Cathay Innovation, Google, Greylock Partners, Ignition Partners, and Infosys. The company intends to use the new capital to accelerate adoption of its data wrangling… Continue reading Trifacta Secures $100M in Funding