Tag #Bmw

Showing 1 to 12 of 25 results

politico.eu

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Sep 8, 22:21

BMW CEO Criticizes EU's 2035 EV Mandate

BMW CEO Oliver Zipse criticizes the EU's plan to ban the sale of combustion engine cars by 2035, advocating for technological neutrality and a broader consideration of carbon emissions across the vehicle's lifecycle.

BMW CEO Criticizes EU's 2035 EV Mandate

BMW CEO Oliver Zipse criticizes the EU's plan to ban the sale of combustion engine cars by 2035, advocating for technological neutrality and a broader consideration of carbon emissions across the vehicle's lifecycle.

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What alternative solutions does Zipse propose to the EU's 2035 mandate?

He suggests technological neutrality, allowing for diesel, gasoline, plug-in hybrids, EVs, and hydrogen vehicles post-2035. He also calls for considering the entire vehicle lifecycle's carbon footprint, including fuel production, and imposing decarbonization targets on fuel manufacturers.

forbes.com

🌐 85% Global Worthiness

Aug 31, 16:17

IAA Mobility 2024: Major Automakers Showcase Electric Vehicles in Munich

BMW, Mercedes-Benz, Volkswagen, and other automakers will launch key electric vehicles (EVs) at the IAA Mobility show in Munich in September 2024, signaling the continued importance of auto shows despite claims of their irrelevance.

IAA Mobility 2024: Major Automakers Showcase Electric Vehicles in Munich

BMW, Mercedes-Benz, Volkswagen, and other automakers will launch key electric vehicles (EVs) at the IAA Mobility show in Munich in September 2024, signaling the continued importance of auto shows despite claims of their irrelevance.

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What are the most significant EV launches at the IAA Mobility show, and what are their immediate market implications?

BMW will unveil the iX3 "Neue Klasse", a mid-sized crossover SUV using recycled materials, directly competing with Mercedes-Benz's next-generation GLC, which also features an EV variant. Volkswagen will showcase a near-production version of its ID.2, aiming to improve its EV offerings. These launches indicate a significant push towards sustainable and competitive EV models in the European market.

sueddeutsche.de

🌐 75% Global Worthiness

May 14, 19:13

BMW's In-Person Shareholder Meeting After Five Years Addresses Economic Concerns

BMW held its first in-person shareholder meeting in five years in Munich on May 24, 2024, attracting around 3,000 attendees who voiced concerns about US tariffs and China's economic slowdown; long-time Supervisory Board Chairman Norbert Reithofer retired, and the company secured approval for virtual...

BMW's In-Person Shareholder Meeting After Five Years Addresses Economic Concerns

BMW held its first in-person shareholder meeting in five years in Munich on May 24, 2024, attracting around 3,000 attendees who voiced concerns about US tariffs and China's economic slowdown; long-time Supervisory Board Chairman Norbert Reithofer retired, and the company secured approval for virtual...

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How did the departure of long-time Supervisory Board Chairman Norbert Reithofer influence the decision to hold an in-person meeting, and what is the significance of his successor's appointment?

The decision to hold a physical meeting stemmed from a desire for direct communication and engagement with shareholders during times of significant change, as highlighted by both CEO Zipse and Supervisory Board Chairman Norbert Reithofer. Reithofer's farewell after 38 years with the company also contributed to the decision to hold a face-to-face meeting.

dailymail.co.uk

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Apr 10, 22:10

Kia Cuts 2030 EV Sales Target Amidst Slower Adoption and Tariff Uncertainty

Kia has slashed its 2030 global electric vehicle sales target by 340,000 units to 1.26 million due to slower-than-expected EV adoption and US tariff uncertainty, while simultaneously planning to increase its hybrid car sales to one million units by 2030.

Kia Cuts 2030 EV Sales Target Amidst Slower Adoption and Tariff Uncertainty

Kia has slashed its 2030 global electric vehicle sales target by 340,000 units to 1.26 million due to slower-than-expected EV adoption and US tariff uncertainty, while simultaneously planning to increase its hybrid car sales to one million units by 2030.

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How does Kia's decision to increase hybrid car production align with evolving market trends and government policies?

Kia's revised sales forecast highlights the challenges faced by EV manufacturers, including fluctuating market demand and geopolitical factors influencing production and sales. The decision to increase hybrid car production reflects a strategy to diversify offerings in response to evolving consumer preferences and government regulations. This contrasts with the strong European EV sales reported by competitors like Volkswagen and BMW.

german.china.org.cn

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Mar 25, 16:16

BMW Strengthens China Commitment with New Cooperation Phase

BMW, the German automaker, announced on April 26, 2024, a strengthened commitment to China, its largest market, emphasizing technological innovation and a 'Home in China' strategy involving significant investments, partnerships with Chinese tech firms, and localized vehicle development.

BMW Strengthens China Commitment with New Cooperation Phase

BMW, the German automaker, announced on April 26, 2024, a strengthened commitment to China, its largest market, emphasizing technological innovation and a 'Home in China' strategy involving significant investments, partnerships with Chinese tech firms, and localized vehicle development.

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What is BMW's long-term strategy in China, and what specific actions demonstrate this commitment?

BMW reaffirmed its commitment to China, its largest market, calling it a cornerstone of its future strategy. The company announced a new phase of cooperation focusing on technological innovation and mutually beneficial intelligent and sustainable mobility solutions. BMW plans to further invest in China and drive development there.

repubblica.it

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Mar 15, 01:14

BMW Reports 37% Profit Drop, Announces Multi-Energy Strategy

BMW Group's 2024 net profit fell 37% to €7.6 billion due to a China market slowdown, but the company announced a multi-energy strategy with 40 new models by 2027, including hydrogen fuel cell vehicles by 2028, despite anticipating €1 billion in tariff losses in 2025.

BMW Reports 37% Profit Drop, Announces Multi-Energy Strategy

BMW Group's 2024 net profit fell 37% to €7.6 billion due to a China market slowdown, but the company announced a multi-energy strategy with 40 new models by 2027, including hydrogen fuel cell vehicles by 2028, despite anticipating €1 billion in tariff losses in 2025.

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How does BMW's multi-energy strategy address the evolving automotive landscape, and what are the anticipated market effects?

The decrease in revenue to €142.3 billion (8.4% down from 2023) is attributed to a sharp slowdown in the Chinese market, offset by positive results in other regions, including Italy. BMW delivered 2,450,804 vehicles globally, with 24.2% being electrified (593,215 units), showcasing a 13% increase in pure electric vehicle sales.

faz.net

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Sep 5, 10:19

BMW CEO Zipse: German Auto Industry Needs No Savior

BMW CEO Oliver Zipse, in a recent interview, announced the launch of the "Neue Klasse," BMW's largest investment project, aiming to bolster the company's position in China and secure a better trade deal with the U.S. while asserting that the German auto industry does not require external rescue.

BMW CEO Zipse: German Auto Industry Needs No Savior

BMW CEO Oliver Zipse, in a recent interview, announced the launch of the "Neue Klasse," BMW's largest investment project, aiming to bolster the company's position in China and secure a better trade deal with the U.S. while asserting that the German auto industry does not require external rescue.

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What is the main goal of BMW's "Neue Klasse" project, and what are its potential implications for the company?

The "Neue Klasse" is BMW's largest investment project, aiming to strengthen its competitiveness, particularly in the Chinese market. Its success could significantly impact BMW's global market share and profitability, potentially reshaping the landscape of the luxury car segment. This offensive strategy is a direct response to current economic challenges and competition.

sueddeutsche.de

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Jul 31, 13:17

BMW Outperforms Competitors Amidst Tariff Headwinds

BMW reported relatively stable sales of approximately 1.2 million vehicles despite an 8 percent revenue drop to 67.7 billion euros in the first half of 2024, outperforming competitors like VW and Mercedes-Benz due to its robust business model and US manufacturing facility, while still facing signifi...

BMW Outperforms Competitors Amidst Tariff Headwinds

BMW reported relatively stable sales of approximately 1.2 million vehicles despite an 8 percent revenue drop to 67.7 billion euros in the first half of 2024, outperforming competitors like VW and Mercedes-Benz due to its robust business model and US manufacturing facility, while still facing signifi...

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What is the primary reason for BMW's relative resilience compared to other German automakers amidst recent economic challenges?

BMW's robust business model", according to CEO Oliver Zipse, allowed the company to withstand recent economic headwinds better than competitors like VW and Mercedes-Benz. While BMW's sales remained relatively stable at approximately 1.2 million vehicles, their revenue decreased by 8 percent to 67.7 billion euros due to tariffs. These tariffs impacted BMW's profitability, with an estimated 1.25 percentage point reduction in automobile segment margin projected for the year, amounting to a substantial sum.

german.china.org.cn

🌐 75% Global Worthiness

Apr 19, 16:10

BMW Expands AI Partnership with ByteDance in China

BMW deepened its collaboration with ByteDance to use AI in marketing and customer service in China, leveraging ByteDance's Volcano Engine and LLMs to enhance the car buying experience and service efficiency, following similar partnerships with Alibaba and Huawei.

BMW Expands AI Partnership with ByteDance in China

BMW deepened its collaboration with ByteDance to use AI in marketing and customer service in China, leveraging ByteDance's Volcano Engine and LLMs to enhance the car buying experience and service efficiency, following similar partnerships with Alibaba and Huawei.

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What is the primary goal of BMW's expanded partnership with ByteDance, and how will it immediately impact customer experience?

BMW announced a deepened partnership with ByteDance, TikTok's owner, to leverage AI in marketing and customer service, aiming for a smarter car buying experience and increased service efficiency. This collaboration will utilize ByteDance's Volcano Engine cloud platform and large language models (LLMs).

spanish.china.org.cn

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Mar 28, 13:15

BMW and Alibaba Partner to Integrate AI in Next-Gen Vehicles

BMW and Alibaba partnered to integrate Alibaba's AI model, Yan AI, into BMW's China-produced Neue Klasse vehicles starting 2026, showcasing China-Europe business cooperation and highlighting China's growing AI capabilities.

BMW and Alibaba Partner to Integrate AI in Next-Gen Vehicles

BMW and Alibaba partnered to integrate Alibaba's AI model, Yan AI, into BMW's China-produced Neue Klasse vehicles starting 2026, showcasing China-Europe business cooperation and highlighting China's growing AI capabilities.

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What is the immediate impact of the BMW-Alibaba partnership on the automotive industry in China?

BMW and Alibaba announced a partnership to integrate Alibaba's AI model, Yan AI, into BMW's next-generation vehicles produced in China starting in 2026. This collaboration highlights BMW's commitment to AI integration and Alibaba's mission to drive industrial transformation through AI.

forbes.com

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Mar 17, 22:12

BMW Faces €1.1 Billion Tariff Hit Amidst Complicated US-EU Trade Dispute

BMW projects over €1.1 billion in costs from US tariff negotiations in 2025, impacting its 2024 net profit of €7.68 billion (down over 30%), as President Trump's broader trade concerns complicate negotiations and the EU's planned 2026 carbon tax adds further uncertainty.

BMW Faces €1.1 Billion Tariff Hit Amidst Complicated US-EU Trade Dispute

BMW projects over €1.1 billion in costs from US tariff negotiations in 2025, impacting its 2024 net profit of €7.68 billion (down over 30%), as President Trump's broader trade concerns complicate negotiations and the EU's planned 2026 carbon tax adds further uncertainty.

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What are the immediate financial implications for BMW resulting from the anticipated US tariff negotiations?

BMW anticipates over €1.1 billion in potential costs from US tariff negotiations in 2025, impacting its overall net profit which fell by over 30% in 2024 to €7.68 billion. This figure encompasses tariffs with Mexico, Canada, and Europe, and includes the effect on China-made EVs.

theglobeandmail.com

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Mar 14, 19:15

BMW Projects €1 Billion Loss from New Trade Tariffs

BMW forecasts a €1 billion loss in 2025 due to new trade tariffs on its China-made EVs and US imports, impacting its global supply chains and highlighting the financial strain from trade tensions between China, Europe, and the U.S.

BMW Projects €1 Billion Loss from New Trade Tariffs

BMW forecasts a €1 billion loss in 2025 due to new trade tariffs on its China-made EVs and US imports, impacting its global supply chains and highlighting the financial strain from trade tensions between China, Europe, and the U.S.

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What is the immediate financial impact of the newly imposed trade tariffs on BMW, and what specific actions has the company taken to address it?

BMW projects a €1 billion ($1.09 billion) loss in 2025 due to new trade tariffs. This accounts for EU duties on its China-made EVs and US duties on steel, aluminum, and Mexican vehicle imports. Further tariffs could significantly worsen this.

Showing 1 to 12 of 25 results