Mini and Rolls-Royce models also affected by potential braking system fault likely to cost BMW almost €1bn
Shares in BMW tumbled as the carmaker revealed it will have to recall 1.5m vehicles over a braking problem, costing it almost €1bn (£0.84bn).
The German manufacturer said its annual earnings would be considerably lower than expected, with the fault in the braking system now discovered to be far more widespread than first thought.
Continue reading...Union drive will cover nearly 150,000 workers at factories largely in US south
Less than two weeks after ratifying new contracts with Detroit automakers, the United Auto Workers union announced plans on Wednesday to try to organize workers simultaneously at more than a dozen non-union auto factories.
The UAW says the drive will cover nearly 150,000 workers at factories largely in the south, where the union has had little success in recruiting new members.
Continue reading...Motorists locked inside their cars, while an NHS doctor said her BMW iX accelerated to 65mph and then crashed
An electric car owner has claimed her vehicle’s autopilot engaged without warning and accelerated to 65mph, zigzagged across the road and caused a serious crash, the Guardian can reveal.
The alleged incident involved a doctor, Ravpreet Kaur, who was travelling in Buckinghamshire with her son in the family’s £80,000 BMW iX. Her husband said they were lucky to escape unhurt.
Continue reading...Chinese-owned MG’s MG4 is Britain’s bestselling EV after Tesla’s Model Y in first seven months of year
China’s share of the European electric car market has more than doubled in less than two years as the world’s second largest economy tries to take the lead in the transition away from petrol and diesel cars.
The UK is the largest market in Europe for Chinese electric car brands, accounting for almost a third of sales in 2023 so far, according to data from Schmidt Automotive Research on the 18 largest European car markets. About 5% of all new car sales in the UK were from Chinese brands in the first seven months of 2023, a market share second only to Sweden.
Continue reading...AI-ovens, dual-display or 3D screen laptops and satellite SOS texting shine at Las Vegas tech show
From colour-changing cars, dual-screen laptops and satellite emergency texts to AI-ovens and a urine-scanning smart toilet upgrade, the annual CES tech show in Las Vegas had more concepts of the future on show than ever before.
The biggest consumer gadget show of the year was still quieter than pre-pandemic levels, with the global economic slowdown biting big tech along with everything else.
Continue reading...Figure based on Covid-19 closures in Europe and North America lasting to end of April
The continued closure of car plants across Europe and North America will cost the auto industry more than $100bn (£82bn) in lost revenues if the shutdown lasts until the end of April.
All major European carmakers have suspended production because of disruption caused by the spread of the coronavirus and if this continues as expected until the end of April, this will account for $66bn (£54bn) in lost sales in Europe, or 2.6m cars. In North America this will account for 2m cars, and lost sales of about $52bn (£42bn).
Continue reading...German carmaker’s CEO offers to travel to London to deliver message to PM saying ‘listen to business’
The boss of BMW has urged Boris Johnson to respond to calls from business to find a compromise on Brexit – and offered to travel to the UK to deliver the message to the prime minister in person.
Speaking as the German carmaker reported falling profits due to its investment in electric vehicles, BMW chief executive Harald Krüger said it would be a “lose-lose” scenario if the UK leaves the EU without a deal.
Continue reading...Carmaker to have 25 electrified models on sale by 2023 as strict new EU rules loom
BMW is accelerating its push away from the internal combustion engine towards battery technology, as the German carmaker seeks to double the number of electric and hybrid vehicles it sells in the next two years.
The company will have 25 electrified models on sale in 2023, two years earlier than previously planned, it announced on Tuesday. More than half of the vehicles will be fully electric.
Continue reading...EU gives car manufacturers 10 weeks to respond to findings from antitrust investigation
The European commission has charged BMW, Daimler and Volkswagen with colluding to limit the introduction of clean emissions technology, in the preliminary findings of an antitrust investigation.
The car manufacturers have 10 weeks to respond and could face fines of billions of euros – up to 10% of their global annual turnover – if their explanations are rejected.
Continue reading...