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 carmaker BMW has announced that new stricter EU emissions tests for cars as well as global trade tensions would leave revenues and profits short of its full-year forecast.
BMW has moved forward the annual shutdown of its Mini plant in Oxford to coincide with the UK's EU withdrawal date. The German carmaker said it hoped to guard against any supply hiccups in case of a no-deal Brexit.
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of Dieselgate.
Germany's auto behemoths are cooperating with each other to fight back against tech companies encroaching on their territory. Is this pragmatism the beginning of an impending consolidation in the car industry?
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