Tag: BMW

UPDATE 5-Tesla moves first to hike prices in China as trade war hits car makers

BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The move is the earliest indication of how much higher Chinese… Continue reading UPDATE 5-Tesla moves first to hike prices in China as trade war hits car makers

Trump tariffs could add $5,000 to price of new cars and trucks in US

“While we understand that the administration is working to achieve a level playing field, tariffs are not the right approach,” the Alliance said. “Tariffs on autos and auto parts raise vehicle prices for all customers, limit consumer choice and invite retaliatory action by our trading partners,” it said. “Automakers support reducing trade barriers across the… Continue reading Trump tariffs could add $5,000 to price of new cars and
trucks in US

BMW warns about job losses in the US

Saturday, 06/30/2018 20:12 clock BMW has warned against possible cuts in investment and job losses in the US, should the American government Import duties on foreign cars rise. Customs would neither strengthen US growth nor competitiveness, the corporation wrote in a letter to Secretary of Commerce Wilbur Ross. Any US tariffs are expected to be… Continue reading BMW warns about job losses in the US

BMW raises prices in China because of US tariffs

Monday, 09/07/2018 15:15 clock German SUVs are becoming more expensive for Chinese customers. BMW wants to raise its prices in China because of the increased toll on US cars. Currently, the company is still calculating the “necessary price increases” in this context. At the moment, however, it still remains at the current list prices for… Continue reading BMW raises prices in China because of US tariffs

BMW, Daimler, telcos in push to get EU adopt connected car standard

BRUSSELS (Reuters) – BMW, Daimler, Deutsche Telekom and Ericsson have urged the European Commission to back a technology for connected cars they believe would help to speed up the rollout of 5G mobile networks across the bloc. FILE PHOTO: A logo of the German luxury carmaker BMW is seen during the company’s annual news conference… Continue reading BMW, Daimler, telcos in push to get EU adopt connected car standard

Uber and Lyft may be vying to acquire bus startup

This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Uber and Lyft are reportedly interested in acquiring Skedaddle, the crowdsourced bus startup, according to TechCrunch. Skedaddle, which was founded in 2015, enables individuals to charter… Continue reading Uber and Lyft may be vying to acquire bus startup

BMW agrees $4.7 billion contract with China’s CATL for battery cells

MUNICH (Reuters) – BMW plans to source 4 billion euros’ ($4.7 billion) worth of battery cells from Chinese battery maker Contemporary Amperex Technology Ltd (300750.SZ) (CATL) over the next few years, the carmaker’s purchasing head said on Monday. FILE PHOTO: The BMW logo is seen on a vehicle at the New York Auto Show in… Continue reading BMW agrees $4.7 billion contract with China’s CATL for battery cells

Cox invests in ride-sharing car platform

COX Automotive, the world’s leading automotive services company, has extended its already broad footprint across the motor industry with an investment in a ride-sharing platform. The move gives the privately-owned company a foot in the door of the next generation of growth in motoring services. Ridecell Inc, which claims to be the platform of choice… Continue reading Cox invests in ride-sharing car platform