NEWS IN REAL TIME
FRANKFURT – BMW on Tuesday lowered the outlook for the profitability of its automotive and motorcycles division, citing worse-than-expected demand which has been hit by measures to contain the coronavirus. MBW said it expects the earnings before interest and taxes margin for the automotive segment to fall within a range between 0% and 3% this … Continue reading BUSINESS NEWS | BMW Cuts Margin Outlook For Cars Division, Citing Coronavirus Woes
New York, USA – The Justice Department has opened an antitrust investigation into four major automakers who have rejected the Trump administration’s relaxed air pollution and mileage regulations. The four automakers – Ford, Honda, Volkswagen and BMW – agreed in July to meet the tougher standards set by the California Air Resources Board rather than … Continue reading BUSINESS | Four Automakers Bucked Trump Policy On Emissions. Now They Are Under Antitrust Investigation
JEDDAH, SAUDI ARABIA - Vantablack, the world’s “blackest black”, has had a controversial start to life, and now it’s coming to a special edition BMW X6. The one-off X6 with a Vantablack VBx2 finish will be unveiled at the Frankfurt Motor Show, where BMW will premiere the third-generation of the vehicle, according to a statement … Continue reading BUSINESS | BMW Unveils X6 In The World’s “Blackest Black”
Bucharest, Romania – Some 1,200 developers at BMV and Daimler will team up to develop automated driving technology, the companies said on Thursday, the latest carmakers forced to pool their development resources at a time of shrinking margins. The strategic partnership will focus on developing technologies for assisted driving systems, automated driving on highways and … Continue reading BUSINESS | BMW and Daimler Team Up On Automated Driving
