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BMW Looks to Cut $5.5 Billion

According to latest reports, BMW CEO Norbert Reithofer is declaring war on costs: a nearly $5.5 billion war.The rising costs and lower profit margins are the reason behind the plan. The Bavarian Motors boss wants…

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Audi announces Audi R8 LMX limited edition with Laser Headlights

The pissing contest between Audi and BMW continues today with a new episode. After poking fun at each other with billboards and then fighting over first-to-market laser headlights technology, the Ingolstadt-based automaker announces today a…

BMW Group and SGL Group to triple production capacities at Moses Lake carbon fiber plant

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Wiesmann at the end: hardly any hope for insolvent manufacturer

According to our sister-magazine Bimmertoay, quoting the Dutch newspaper De Telegraaf, the exotic automaker Wiesmann has hardly any chance to survive in the competitive car market. Back in August 2013, the company filled for bankruptcy…

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BMW Group Quarterly Report to 31 March 2014

First-quarter sales volume, revenues and earnings were all up on the previous year, underpinning the BMW Group’s position as the world’s leading premium car company. Group revenues rose by 3.9% to € 18,235 million in the…