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BMW AG expects automotive free cash flow of above €6 billion ($6.6 billion) this year, from about €7 billion earlier, due to higher expenses for parts and development of electric vehicles. Oliver
BMW has lifted its annual outlook for its margin on earnings before interest and taxes in the automotive segment to between 9-10.5% from 8-10% previously, and expects solid growth to its deliveries, t
Yahoo Finance's Pras Subramanian reports on 7 automakers including General Motors, BMW, Honda, Hyundai, KIA, Stellantis, and Mercedes that are joining forces to create an EV charging network.
Seven automakers plan to build an electric-vehicle charging network to take on Tesla. Tesla's Supercharger network is by far the largest in North America.
The dramatic move is intended to speed the adoption of electric vehicles, allaying fears that chargers won't be available for long distance travel.
The companies will jointly spend at least $1 billion to build a North American network in an effort to persuade more people to buy battery-powered cars and trucks.
BMW Group is shifting gears to rely more heavily on AI in order to create a leaner and more-efficient manufacturing process.
The artificial intelligence technology has already produced costs savings for BMW and allowed the automaker to remove six workers from the assembly line.
Industries rely on water for everything from clothes manufacturing to AI training. Widespread water shortages have been predicted, forcing firms to make their usage more efficient.
Yahoo Finance reporter Pras Subramanian reviews the hybrid BMW XM.
BMW's (BMWYY) CE 02 is a light electric motorcycle designed to appeal to young people.

EV Company News For The Month Of June 2023

08:51am, Friday, 07'th Jul 2023
Global electric car sales for May 2023 were up 50% YoY to 16% share - China sales were up 54% to 35% share, Europe was up 38% to 23% share, USA was up 68% to 8% share. EV market news - Ford, GM and Ri
Germany's BMW will build its X3 model in South Africa from 2024, investing 4.2 billion rand ($225.09 million) to electrify its plant in Rosslyn, the company said in a statement on Thursday.
China has signed letter of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing's perceived support for Moscow throughout the war in Ukraine.
BMW's strong ties with China are a "win-win" as the car industry shifts towards greener, more connected vehicles, said CEO Oliver Zipse after Chinese Premier Li Qiang visited the German carmaker's hea
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