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BMW 50% Electrification Target For 2030 Is Ambitious, But Is It Achievable?

BMW 50% Electrification Target For 2030 Is Ambitious, But Is It Achievable? “BMW sustainability goals aim at putting more than seven million vehicles with electrified drive systems on the road worldwide by 2030, two-third of them all-electric variants,” BMW said half of its sedans, SUVs and Mini vehicles will be electrified in Europe by 2030. […]

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BMW, VW, Ford Losses Should Spur Show Action; Tesla Outshines

BMW, VW, Ford Losses Should Spur Show Action; Tesla Outshines. “Tesla is becoming a very serious competitor in the premium market” Many global automakers lost money in the coronavirus-stricken first half of 2020 and underlying performances at BMW, Volkswagen and Ford point to the need for drastic reform, while General Motors and Tesla can rest […]

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BMW Shocks Investors With Big Loss, But Expects Small Profit For The Year

BMW Shocks Investors With Big Loss, But Expects Small Profit For The Year. “Our swift responsiveness and consistent management strategy enabled us to limit the impact of the corona pandemic on BMW during the first half of the year,” Oliver Zipse BMW lost a record amount of money in the coronavirus-stricken second quarter, but still […]

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BMW, Daimler Face Rocky Financial Reports, But Not VW

BMW, Daimler Face Rocky Financial Reports, But Not VW. “An industry-wide shift towards electric vehicles threatens BMW’s (profitability) lead” Investors in big German carmakers are bracing themselves for financial results in the next weeks that will underline gloomy long-term profit prospects, except for Volkswagen that is. Mercedes Benz parent Daimler and BMW are both facing […]

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BMW Shares Fall After It Cuts Profit Forecast

BMW Shares Fall After It Cuts Profit Forecast. “BMW struggles for differentiation in an increasingly tough environment” BMW shares dived almost 5% after it warned profits will fall in 2019 and announced a 12 billion euro ($13.6 billion) savings plan to offset possible damage from trade conflicts and pay for research on electric cars. Investors […]

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