The BMW Group continued to perform well throughout the second quarter 2015. Group revenues and sales volume figures reached new heights for the period from April to June, with the Motorcycles segment raising its profit…
Ladies and Gentlemen! Before we begin, allow me to express some initial thoughts. There are still numerous challenges for our business development. Repeatedly, the Chinese experienced turbulent days on the mainland stock markets. The situation…
AUDI AG, the BMW Group and Daimler AG have agreed with Nokia Corporation that they will acquire its mapping and location services business HERE. The acquisition is intended to secure the long term availability of…
MINI is recalling 30,456 Cooper and Cooper S cars in the U.S. to address poor side impact protection. This includes 15,653 examples of the 2014-2015 MINI Cooper Hardtop, 14,782 units of the 2014-2015 Mini Cooper…
The Lexus IS line of cars was always kind of an afterthought in its segment dominated by the BMW 3 Series, Audi A4 and Mercedes-Benz C Class. The first-gen IS was, to put it kindly,…
After months of negotiation, Nokia sells the HERE Maps division to the German consortium, BMW, Daimler and Volkswagen for $2.71 billion (£1.73 billion). The deal would see HERE Maps turn into an open platform, which…
JD Power’s APEAL Study has to do with how gratifying a car is to own. JD surveys customers to find out how pleased they are with their cars and then scores each brand out of…
ClipperCreek has added the HCS-50 electric vehicle charging station to their product line. The HCS-50 is a powerful and rugged 40 amp station paired with a highly durable rubber overmolded cable and vehicle connector. The…
According to Bloomberg and WSJ Nokia has found a buyer for its HERE mapping unit. The buyers are BMW, Audi and Mercedes who will reportedly pay $2.7 billion. Nokia has sought as much as $4…
Tesla CEO Elon Musk announced today a new all-electric car, Model S P90D which comes with “Ludicrous Mode”. The updated Model S will do 0 to 60 mph in a shocking 2.8 seconds compared to…
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