bmw
Since 1975, the BMW Art Car Project has transformed the world of motorsports into an open canvas for some of the world's most renowned artists, including the likes of Andy Warhol, Jeff Koons and Roy Lichtenstein. Over the years, these creative titans have been given complete freedom to turn BMW's ultra-fast vehicles into moving masterpieces, while redefining the concept of brand extension in the process. Ethiopian American sculptor Julie Mehretu joins this esteemed group this year, unveiling a new dazzling design to appear at the legendary 24 Hours of Le Mans event this weekend. But how was th...
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Germany could be trying to stop the European Union from putting increased tariffs on Chinese electric vehicles (EVs), that are reportedly due to come into force on 4 July, or at the very least, water them down. The European Union has recently revealed that it could implement tariffs of up to 38.1% on Chinese EV makers. This is following an investigation launched by the EU into several manufacturers, following claims that the Chinese government had heavily subsidised them. This allowed the manufacturers to sell their vehicles at vastly reduced prices in the EU. Chinese EV manufacturers such as ...
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Airbus, BMW and Michelin are among 11 companies set to receive millions in public subsidy to develop low-carbon hydrogen technology after EU competition officials approved a whopping package of state aid for an ‘important project of common European interest’ (IPCEI). The Hy2Move project, which as its name implies is intended to develop transport fuels, was prepared jointly by Estonia, France, Germany, Italy, Netherlands, Slovakia and Spain, who requested an exemption from single market rules that normally prohibit national subsidies. It is hoped the state aid will be matched by €3.3bn in priva...
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A number of car manufacturers, such as BMW, Jaguar Land Rover and Volkswagen have come under fire for importing cars, or car parts, from Chinese companies and supplies suspected of using forced Uyghur labour. The US has made it illegal to import goods produced by forced labour. This especially affects the north-western Xinjiang region of China, where the Turkic Uyghur people are suspected of being exploited by both companies and the Chinese government for forced labour. To further enforce this, the US came up with the Uyghur Forced Labour Prevention Act (UFLPA) in 2021, which bans a number of ...
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Paving the way is a €650million investment that’s already seen construction begin on a new assembly line and body shop; space was freed up when internal combustion engine production halted in 2023, moving overseas to other BMW facilities. “Munich is the beating heart of BMW,” says Plant Munich director Peter Weber. “We are delighted to be guiding the Munich plant into a fully electric future, starting with the Neue Klasse sedan.” BMW’s Neue Klasse philosophy kickstarted its mainstream car range in the 1960s and is being reinvented for the electric era with the launch of six new models in two y...
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BMW Group reported a pre-tax profit of €4,162 million in the first quarter of 2024, representing a significant decline of 18.9% compared to the same period last year. Overall sales experienced a modest 1.1% increase, reaching more than 594 thousand vehicles, as demand expanded across electric cars, which comprised 13.9% of deliveries, representing a notable 26.4% rise as compared to the same period last year. According to the German automaker, the decline was primarily attributed to increased production costs and fixed costs, as well as intensifying competition. Sales grew in many countries, e...
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