Tag: BMW

BMW beats second-quarter forecasts as new anti pollution rules dent rivals

FRANKFURT (Reuters) – BMW (BMWG.DE) reported a smaller-than-expected 6 percent decline in second quarter operating profit on Thursday while brushing off concerns about new anti-pollution rules and global trade tensions which caused rival Daimler (DAIGn.DE) to warn on profits. FILE PHOTO: The logo of German car manufacturer BMW is seen on the bonnet of a… Continue reading BMW beats second-quarter forecasts as new anti pollution rules dent rivals

BMW sees 5-10 pct sales growth in China despite tariffs

FRANKFURT, Aug 2 (Reuters) – BMW expects China sales to rise between 5 and 10 percent this year, despite the introduction of 40 percent import tariffs on vehicles imported from the United States since July. BMW recently started building its X3 in China, ending imports of the model from its plant in Spartanburg, South Carolina,… Continue reading BMW sees 5-10 pct sales growth in China despite tariffs

Britain’s car industry cautions: No-deal Brexit is our nightmare

LONDON (Reuters) – A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley, near… Continue reading Britain’s car industry cautions: No-deal Brexit is our nightmare

BMW to build 1 billion euro car factory in Hungary

FRANKFURT/BUDAPEST (Reuters) – BMW (BMWG.DE) said it is investing 1 billion euros ($1.17 billion) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position as a centre for premium car manufacturing in the region. FILE PHOTO: The BMW logo is seen on a vehicle… Continue reading BMW to build 1 billion euro car factory in Hungary

European stocks close lower on earnings; Heineken shares drop more than 6%

The pan-European Stoxx 600 closed provisionally 0.3 percent lower with most sectors in the red. Basic resources stocks were under pressure as trade concerns lingered. Europe’s tech sector was also on the back foot, down 1.62 percent amid concerns big technology companies are struggling to deliver on earnings. Enterprise software firm Sage was the biggest… Continue reading European stocks close lower on earnings; Heineken shares
drop more than 6%

Mugen founder Hirotoshi Honda on why he didn’t follow in his father’s footsteps

As things turned out McGuinness couldn’t make the grid but another Mugen factory rider still managed to set a new course record at an average speed of 121.824mph, which is amazing when you consider that when they started six years ago, the bikes couldn’t crack 100mph. These things I learn while we wait. Mr Honda… Continue reading Mugen founder Hirotoshi Honda on why he didn’t follow in his father’s footsteps

Elon Musk: the volatile visionary at risk of steering Tesla off the road

Elon Musk Electric car firm has hit trouble, and Musk – who has a knack of making enemies – must explain to investors what is going on Elon Musk with his girlfriend Grimes at the Met Gala in May. On Wednesday Musk must once more explain to investors what is going on at Tesla. Photograph:… Continue reading Elon Musk: the volatile visionary at risk of steering Tesla off the road

Volkswagen brings BMW top managers to the board

Tuesday, 07/24/2018 09:59 clock The Volkswagen Group advertises the competitor BMW whose purchasing manager Markus Duesmann. The Supervisory Board has decided to offer the manager a position on the Executive Board, said Volkswagen on Tuesday in Wolfsburg. Duesmann would take up his duties as soon as he was available. With which function Duesmann comes to… Continue reading Volkswagen brings BMW top managers to the board