BMW posts record net profit of 8.7 bn euros for 2017
German luxury carmaker BMW said Thursday its 2017 net profit soared 26 percent to a record 8.7 billion euros ($10.7 billion), driven by strong demand for electrified vehicles and a tax bump from the United States.
BMW, Toyota invest in self-driving shuttle startup
May Mobility, a startup that develops fleets of self-driving micro shuttles, has raised $11.5 million in seed funding, in part from units of BMW and Toyota.
BMW offers valentine special packages
Coscharis Motors Plc, the exclusive representative of the BMW brand in Nigeria, has commenced the celebration of love with its customers through the Valentine Special promo for selected BMWvariants starting from February 12 to February 19, nationwide. The Valentine promo is poised to show its love commitment to customers and prospects alike. The company said…
BMW Group meets pledge to deliver 100,000 electrified vehicles
The BMW Group has delivered more than 100,000 electrified vehicles to customers worldwide in 2017, as promised at the beginning of the year. This underlines the company’s leadership role when it comes to electro-mobility. An eye-catching light installation will mark this milestone on the road to the mobility of the future, with the BMW Group…
German automakers face class actions over price-fixing
German auto giants Volkswagen, BMW and Daimler were hit with lawsuits this week charging the companies colluded illegally to drive up the prices of their cars.
Automakers settle deadly Takata airbag case for $553 mn
Four automakers including Toyota and BMW agreed Thursday to pay $553 million to settle a US lawsuit over the defective Takata airbags blamed for 11 deaths in the United States alone.
Intel buying Israeli car tech firm Mobileye for $15 bn
Intel will buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the companies said Monday, in a deal signalling the US computer chip giant's commitment to technology for self-driving vehicles.
Kia Stinger scares BMW, Audi as local dealer embraces Tokumbo
Kia’s stunning Stinger, a four-door-coupe unveiled on Monday may be a sign that carmaker is launching attack on premium car market by taking on the likes of Audi and BMW.
BMW, Intel, Mobileye to test 40 driverless vehicles in 2017
BMW's alliance with Intel and Mobileye aims to put a fleet of about 40 self-driving test vehicles on the road in the second half of this year, the companies said.