Category: BMW
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BMW delays electric Mini production at Oxford, over ‘multiple uncertainties’
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BMW has confirmed a delay in the production of electric vehicles (EV) in its famous mini factory in Oxford, which blames factors that make up the besieged car sector. The German car maker said that the decision includes stopping the upgrade of 600 million pounds for the facility and refused…
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BMW expects full-year earnings margin in lower half of 6-7% target
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(Reuters)-BMW expects its profits before taxes in the fourth quarter are less than last year, and for the entire year margins in the minimum of its goal of 6-7 %, according to the segments of the post on the car site on the car site on Tuesday. Inflation and fixed…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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Northvolt’s Collapse Countdown Started With BMW Pulling the Plug
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Breadcrumb links BMN Business For Northvolt AB, the Swedish startup that has become a model for the future of electric driving in Europe, the road to collapse began in June when BMW AG canceled a multi-billion-dollar order. Article writer: Bloomberg News Charles Daly, Ek Henning, Chunying Zhang, Wilfred Eckel-Durna Posted…
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BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
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Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…