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BMW

BMW Predicts Sales Growth in 2023

BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.

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Automakers Trumpet Use of Recycled Maritime Waste in Manufacturing

Ford, BMW say recycled fishing netting going into some parts. BMW says the material has a 25% lower carbon footprint.

BMW Announces Sources for New EV Batteries

Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.

Automakers Shift Production to Autos with Better Profit Margins

Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.

Automakers Report Greater Access to Semiconductor Chips

With an improved chip supply, carmakers are at work whittling down order backlogs.

Automakers Consider Lighter, Machine-Made Wire Harnesses

The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.

BMW Announces It will Meet 2022 Output Targets

Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.

Penske Automotive Group More Than Doubles Q1 Net Income

Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.

BMW Q1 Sales Rise 3.2%

The luxury automaker credits strong factory-dealer communications as the reason dealers could sell into the pipeline.

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COVID-19 Shutters Production in China

Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.

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