BMW

BMW Shutters ReachNow Car-Sharing Service

BMW Shutters ReachNow Car-Sharing Service

BMW announced on Wednesday the closing of its ReachNow ride-hailing and car-sharing business.
The business, which was recently rolled into a joint venture with Daimler, offered services in Seattle and Portland and was set to be merged with Car2Go, also part of the joint venture, but a new “realignment” meant that it would shut down instead, the company said in a statement.
The unit employed approximately 75 people in the two locations …

BMW Names Production Chief New CEO

BMW Names Production Chief New CEO

BMW’s Vorstand, or supervisory board, announced the appointment of Oliver Zipse to the position of chief executive officer.
The appointment is effective on August 16, 2019, the Munich-based automaker said following a meeting of the Vorstand in Spartanburg, South Carolina, where BMW has a plant. Mr. Zipse will succeed Harald Krüger, who in July told the Vorstand he would not seek a second term of office.
Oliver Zipse is “a decisive strategic …

BMW to Seek New CEO

BMW to Seek New CEO

BMW’s chief executive, Harald Krüger, will step down before his contract ends in April of next year.
The Munich-based automaker said Friday that its Vorstand, or supervisory board, will name a new CEO after its July 18 meeting.
The news follows BMW’s announcement that it is accelerating its rollout of a fleet of electric vehicles. It plans to have 25 electrified models on sale by 2023, two years earlier than previously announced.
It …

BMW Speeds Up Plans for Electric Vehicle Rollout

BMW Speeds Up Plans for Electric Vehicle Rollout

MUNICH—BMW will accelerate its plans to bring additional electric and hybrid-electric vehicles to the market, the automaker said Tuesday at an event in Munich. It is also introducing a new feature that will automatically switch off internal combustion engines in its hybrid cars when they enter heavily polluted city centers, which the automaker refers to as “eDrive Zones.”
The Bavarian automaker plans to have 25 electrified models on sale by 2023, …

Hertz to Offer BMWs and Mercedes as Part of ‘Kollektion 7’ in Germany

Hertz to Offer BMWs and Mercedes as Part of ‘Kollektion 7’ in Germany

Hertz announced a new offering for the European rental market, Kollektion 7 – Made in Germany.
The new collection combines a selection of seven vehicles from German marques and echoes the British Collection offering that Hertz launched in England.
Kollektion 7 debuted Tuesday at Frankfurt Airport with a BMW M850i Cabriolet, BMW Z4, Mercedes-AMG GT, Mercedes-AMG GT 63 4-door coupe, Porsche 718 Boxster, Porsche Macan S, and Porsche Panamera E-Hybrid. All of …

BMW, Jaguar Land Rover to Partner on Electric Cars

BMW, Jaguar Land Rover to Partner on Electric Cars

BMW and Jaguar Land Rover announced plans to work together on electric vehicle technology.
The two said such a collaboration is essential as the industry moves from traditional internal-combustion powered cars and trucks to ones that are autonomous, connected, electric, and can be shared.
“Together, we have the opportunity to cater more effectively for customer needs by shortening development time and bringing vehicles and state-of-the-art technologies more rapidly to market,” said Klaus …

Automakers Tell Trump Not to Weaken Tailpipe Emissions Standards

Automakers Tell Trump Not to Weaken Tailpipe Emissions Standards

The U.S. auto industry – which had asked President Trump to relax pollution standards shortly after his inauguration – is now warning that his efforts to reduce tailpipe emissions are going to create instability for the automakers themselves.
In a letter released on Thursday and signed by 17 companies including General Motors, Ford, and Toyota, the automakers warned the administration that the fallout from his plan to all but eliminate Obama-era …