Munich. In the course of a challenging financial year 2018, the BMW Group made important strategic decisions set to secure its long-term success. As part of the company’s Strategy NUMBER ONE > NEXT, the green light was given to launch a new product offensive in the upper luxury class and the cornerstone was laid for… Continue reading BMW Group sets strategic course under challenging conditions
Tag: BMW
BMW still preparing for no-deal after UK parliament backs Brexit delay
LONDON, March 15 (Reuters) – German carmaker BMW is continuing to prepare for a no-deal Brexit, which it said was the worst-case scenario, after British lawmakers voted overwhelmingly to seek a delay to Britain’s exit from the European Union. “As a responsible employer, we must therefore continue to prepare for the worst-case scenario, which is… Continue reading BMW still preparing for no-deal after UK parliament backs Brexit delay
Tesla unveils Model Y SUV as electric vehicle competition heats up
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March… Continue reading Tesla unveils Model Y SUV as electric vehicle competition heats up
Ineos will use BMW engines for Defender-inspired SUV – Automotive News Europe
Ineos will use BMW engines for Defender-inspired SUV Automotive News Europe Petrochemicals company Ineos will source from BMW gasoline and diesel engines for its new Land Rover Defender-inspired SUV, which is scheduled to go on … Go to Source
Jardine initiates build for new Bolton Audi dealership
Jardine Motors Group is investing in a new Audi dealership in Bolton. Set to open in the summer, it will be a flagship Audi centre built in the manufacturer’s Terminal design. The dealership will include a showroom display space for 12 new cars, an 80 car Approved Used forecourt display, a 22 bay workshop featuring… Continue reading Jardine initiates build for new Bolton Audi dealership
VW subsidiary in the crisis: Audi boss Schot relies on tough austerity measures and electric cars
With a hard one Austerity program, job cuts and electric cars Audi boss Bram Schot wants to get his company back on track after a very weak year. But “2019 will be a transitional year,” said Schot on Thursday in Ingolstadt. Sales and sales should rise only slightly. The conversion “will not be comfortable, but… Continue reading VW subsidiary in the crisis: Audi boss Schot relies on tough austerity measures and electric cars
Reorganization case VW subsidiary: So Bram Schot Audi maneuver out of the crisis
They present visions as memorized, fight with phrases against the crisis – on Thursday they try AudiChiefs to look optimistically into the future of the flagging carmaker. At the annual press conference 2019 in Ingolstadt, production boss Peter Kössler (59), for example, talks about sustainability, about wild herbs and flowers on the planted roofs of… Continue reading Reorganization case VW subsidiary: So Bram Schot Audi maneuver out of the crisis
Muji’s self-driving bus is hitting the streets this spring
A few months back, Muji announced it would be getting into the autonomous car game with Gacha, a rounded all-weather mini bus designed to shuttle people around city streets. Now, it appears the buses are ready to make their real world debut in Finland later this spring. The bus will launch its test program in… Continue reading Muji’s self-driving bus is hitting the streets this spring
Uber plans to kick off IPO in April
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A man holds an Apple iPad Mini as he uses Uber app.
Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday.
Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said.
The IPO is expected to be one of the biggest technology debuts. The Wall Street Journal previously reported that proposals for Uber's IPO valued the company at $120 billion.
The timing for Uber's IPO means it will most likely be hitting the public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March, people familiar with the matter said.
Uber and Lyft join a number of tech companies expected to go public this year, including Slack, Pinterest and Palantir.
Uber declined to comment.
–CNBC contributed to this article.
SoftBank's Masa Son: Tech evolution not slowing down at all
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BMW and Daimler seek 7 billion euros savings from shared platforms: reports
FRANKFURT (Reuters) – BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday. A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva,… Continue reading BMW and Daimler seek 7 billion euros savings from shared platforms: reports