Hardly any product symbolizes the strength of Bavaria as a business location more than BMW. Customers come from everywhere to pick up their purchases in BMW's experience center in Munich.
German premium car manufacturer BMW has announced it will spend hundreds of millions of euros on a new battery cell competence center. The company wants to have more options should e-cars hit the mass market.
German carmaker BMW has fallen short of analysts' expectations as massive spending on future technologies has weighed on quarterly earnings. The company said it would not deviate from its long-term strategy.
Strong vehicle sales in the world's most important car market have been essential in enabling German carmakers to end their third quarters on a positive note. Their dependence on China is expected to increase further.
A group of mainly German carmakers has launched a joint venture to build a network of fast charging stations for electric vehicles to support a drive to boost sales of environment-friendly cars across Europe.
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