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In an automotive market that is rethinking the speed of electrification, BMW has renewed its backing of its EV strategy during the release of its full 2024 group report. However, with a significant drop in revenue compared to 2023—the last year has clearly been a tough one. The BMW Group’s 2024 profits before tax were … Read more
WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to … Read more
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. BMW has paused a £600mn investment plan to produce electric Mini cars in Oxford, putting the future of the historic plant under threat as the industry grapples with a slower than expected move away from … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BMW has pledged to continue investing in combustion engine and hybrid technology as it warned of a “rollercoaster ride” in the US transition to electric vehicles following the return of Donald Trump as president. Board … Read more
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