BMW unveils major restructuring plan, putting AI, job cuts and new cars to work
German luxury carmaker targets leaner management, higher margins and regional models after profit warnings and China-driven setbacks...
Tag : BMW
Volkswagen to go aggressive on restructuring, to cull Spanish marque Seat
Thomas Schaefer, Volkswagen's brand head, made the declaration amid workers' protests that started after the automaker issued a profit warning...
Automobile conundrum: Germany’s industrial crown jewel under pressure
One after another, German automobile companies are announcing restructuring plans, only to meet opposition and scrutiny from labour unions...
Business Leader of the Week: Meet Oliver Zipse, CEO of BMW
Under Oliver Zipse's leadership, BMW increased their joint venture with BMW Brilliance in China...
IF Insights: Plug-in hybrid momentum propels automakers toward EV flexibility
Data from market research firm BloombergNEF shows that between 2022 and 2023, sales of plug-in hybrids increased by 43% to over 4.2 million units...
Start-up of the Week: Cazoo, one-click destination for car shoppers
During delivery, Cazoo provides a 90-day warranty and RAC roadside assistance for these used cars...
BMW’s introduces latest electric car – The i3s
The car has been designed to be eco-friendly...