bmw
German carmaker BMW has withdrawn an order for battery cells worth €2 billion ($2.2 billion) from the Swedish supplier Northvolt. "Northvolt and the BMW Group have jointly decided to focus Northvolt's activities on the goal of developing next-generation battery cells," said a BMW spokesman on Thursday, confirming a report by Manager magazine. The magazine cited problems at the battery cell supplier in ramping up industrial series production as the reason for the cancellation. Northvolt, which was founded in 2016, is reportedly two years behind schedule and facing quality issues in its manufact...
DPA Breaking News
BMW unveiled a new premium luxury vehicle inspired by supermodel Naomi Campbell on Thursday. The BMW XM Mystique Allure was launched at the 77th Cannes Film Festival. Inspired by Campbell's favourite colour, the vehicle's exterior is a shade of ultramarine blue, with a matte finish. It comes with a sound system created by film music composer Hans Zimmer.
DPA Breaking News
German car manufacturer BMW made less profit in the first quarter despite a good run with expensive models and an increase in sales, the company reported on Wednesday. BMW earnings before interest and taxes fell by around a quarter year-on-year to €4.05 billion ($4.35 billion), the company announced. The model changeover of BMW's important 5 Series vehicle had a negative impact on the figures, as did the higher proportion of fully electric cars, which are less profitable to sell for the company. The company's profit margin before interest and taxes in the car business, perhaps the most importa...
DPA Breaking News
German carmaker BMW sold around 595,000 cars in the first quarter, 1.1% more than a year ago, with growth driven by all-electric vehicles as well as high-performance sports and luxury cars, the company announced on Wednesday. The number of battery-powered vehicles (BEV) sold rose by almost 28% to 82,700, while sales of high-priced luxury and sports cars increased by almost 22%, according to BMW. The Munich-based company said it was able to respond to shifting customer demand with different drive types and a range of offerings. Jochen Goller, a BMW board member who oversees sales at the company...
DPA Breaking News
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