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We view it as more important to get back raw materials from cars and other products," Chief Financial Officer Nicolas Peter said in an interview. Some, such as Volkswagen (VOWG_p.DE), are betting big on expanding their own battery production and investing in mines to secure control down the supply chain. Mercedes-Benz (MBGn.DE) said on Thursday it had made a "fundamental decision" to allocate capital to mining and had set up a raw material office in Canada, where it signed a raw materials agreement last year. "With our business development, we are creating the motivation to invest - but we do not need to develop big recycling facilities for battery cells ourselves." Investing in technologies requiring fewer critical raw minerals, including hydrogen-powered cars, is another way BMW plans to bring down costs.

☆ BMW cautiously optimistic on 2023, EV targets ahead of schedule
▼ + stars: | 2023-03-15 | by ( Victoria Waldersee | ) www.reuters.com time to read: +3 min

[1/2] A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. The company said it planned to keep prices stable, after years of dealing with rising costs by passing them on to customers. "We see hydrogen-electric vehicles as a meaningful complement to e-mobility, even with something of a time lag," Zipse said. The BMW iX5 Hydrogen* test vehicle, with a range of 500 km (310 miles) and an ability to refuel in three to four minutes, was being tested in various countries, BMW said in a statement. ($1 = 0.9319 euros)Reporting by Victoria Waldersee; Additional reporting by Danilo Masoni; editing by Paul Carrel, Bradley Perrett, Tomasz Janowski and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ BMW: e-fuels have highest impact for current fleet, not new cars
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

BERLIN, March 15 (Reuters) - BMW (BMWG.DE) Chief Executive Oliver Zipse said he viewed e-fuels as having the biggest impact for decarbonising transport if used in existing car fleets, rather than in new cars as was being discussed in Europe. "The main impact of e-fuels is on existing fleets, not in the regulation of new vehicles being hotly discussed in Europe," Zipse said. The only opportunity to make a difference there is e-fuels. I agree strongly with the colleagues proposing that, particularly because our motors are prepared for it," he added. Oliver Blume, chief executive of Porsche (P911_p.DE) and Volkswagen, (VOWG_p.DE), lobbied strongly in the annual press conferences of both companies earlier this week for being open to using e-fuels, calling on politicians to incentivise their production.

☆ BMW expects higher margin and deliveries in 2023 amid electric rollout
▼ + stars: | 2023-03-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

German automaker BMW on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year, as it pushes ahead with the rollout of its electric fleet. The company said it expects an EBIT (earnings before interest and taxes) margin of between 8-10% for its automotive range in 2023, with deliveries set to rise slightly from 2022 and "selling prices remaining at a stable level." It forecasts the used car market will normalize this year "due to the increased availability of new cars." Like rivals, BMW has been contending with global semiconductor shortages and supply chain disruptions, challenging it to fulfil its book order. The company confirmed the full-year 2022 results reported last week, including an EBIT of 10.6 billion euros ($11.4 billion) for its automotive segment, which had an.

☆ BMW optimistic about year ahead thanks to new products portfolio, CEO says
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMW optimistic about year ahead thanks to new products portfolio, CEO saysOliver Zipse, CEO of BMW, looks back at the full-year results for 2022 and what is next for the German carmaker.

☆ BMW teases a talking car that shifts colors like a chameleon
▼ + stars: | 2023-01-05 | by ( Joseph White | ) www.reuters.com time to read: +2 min

BMW plans to launch a new lineup of electric vehicles, which it is calling the Neue Klasse, or new class. The BMW concept was very much a show car, with elements that could be challenging to put into mass production at competitive prices. But Zipse told a packed theater at the Palms Casino that BMW "will bring this technology into our Neue Klasse ... in serious production." Playing on its long-time slogan "the ultimate driving machine," BMW said the "Dee" technology could make future cars the "ultimate companion." The i Vision Dee car has 240 separate color cells that can change individually.

☆ Volkswagen-FAW plant in Chengdu halts production amid COVID wave
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 28 (Reuters) - Volkswagen's (VOWG_p.DE) and FAW's (SASACJ.UL) plant in Chengdu, China has halted production due to the rise in coronavirus cases in the country and two production lines at its Changchun plant are also on hold, a VW spokesperson said on Monday. Other plants are all stable but the situation is volatile, the spokesperson added. Protests erupted in cities across China over the weekend, including in Chengdu, Shanghai, Beijing and Lanzhou, as frustrations mount over the government's zero-COVID policy. While low by global standards, China's case numbers have hit record highs for days, with Chengdu residents subjected to mass testing from Nov. 23 to Nov. 27. Reporting by Victoria Waldersee, Jan Schwartz, Christina Amann Editing by Paul Carrel and Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ BMW's Zipse: we are not leaving lower segment for electric cars
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 9 (Reuters) - BMW Chief Executive Oliver Zipse said the premium carmaker would not abandon its lower-priced segment in the transition to electrification. "We are not leaving the lower market segment. Even if you consider yourself a premium manufacturer, it is wrong to leave the lower market segment - that will be the core of your business in the future," Zipse said, speaking at an event organised by autos supplier Robert Bosch GmbH in Berlin. BMW's chief financial officer warned last week that although sales of fully electric vehicles were expected to double this year from 2021 levels, the company expected rising inflation and interest rates to weigh on incoming orders, particularly in Europe. Reporting by Victoria Waldersee Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

The higher profit comes despite lower sales volumes as supply chain issues including the semiconductor chip shortage that has curtailed output for carmakers globally. BMW warned that rising inflation and interest rates will hit consumer purchasing power in the coming months and that its above-average order books are ecpected to "normalise, especially in Europe". Despite an overall 9.5% drop in sales from the same period last year, the Munich-based carmaker's third-quarter revenue jumped 35.3% to 37.18 billion euros ($36.49 billion). That compared with analyst expectations of 35.32 billion euros, Refinitiv data shows. BMW posted pretax profit of 4.1 billion euros, beating analyst forecasts of 3.4 billion euros.

☆ 'Very attractive': Buy this automaker to play massive pent-up demand in U.S., fund manager says
▼ + stars: | 2022-11-02 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

There is huge demand for cars in both the U.S. and China -- the world's two largest autos markets -- according to fund manager Steven Glass, who named one automaker to cash in. In the U.S. alone, the shortfall stands at five million vehicles, Glass, managing director and analyst at Pella Funds Management, told CNBC's Street Signs Asia on Monday. How to play it His top pick to play the sector is German automaker BMW . The Bavarian automaker aims to have two million EVs on the roads by 2025 and estimates half of its car sales to comprise EVs by 2030. Of this investment, $1 billion has been earmarked to prepare BMW's existing U.S. manufacturing facility in South Carolina to produce EVs.

☆ EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
▼ + stars: | 2022-10-28 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

The European Union is moving forward with plans to ramp up the number of EVs on its roads. In a statement Thursday evening, the European Parliament said EU negotiators had agreed on a deal related to the European Commission's proposal for "zero-emission road mobility by 2035." Formal approval of the deal from the European Council and European Parliament is required before it takes effect. "It means that the European Union will now be the first and only world region to go all-electric." "Make no mistake, the European automobile industry is up to the challenge of providing these zero-emission cars and vans," he added.

☆ Why BMW really decided to make batteries in the US
▼ + stars: | 2022-10-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

That sum included $700 million for the construction of a battery manufacturing plant nearby. It’s one of a number of such announcements in recent months and years as automakers gear up to start producing more electric vehicles. The rules allow consumer tax credits only for electric vehicles that meet increasingly strict goals for US-based manufacturing of the vehicles themselves, as well as their batteries. BMW has never said publicly that it intends to make only electric vehicles after any certain time. “We can easily ramp them up,” Zipse said of increasing regulatory demand for electric vehicles.

☆ BMW chief warns against setting gas-powered phase-out date
▼ + stars: | 2022-10-19 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

BMW CEO Oliver Zipse seen in a file photo at the BMW plant in Munich, Germany, January 20, 2022. Speaking ahead of the announcement of a $1.7 billion electric vehicle (EV) investment in South Carolina, Zipse said in an interview that BMW has not set a date to end production of gas-powered vehicles and cautioned against banning their sale. Rival automaker General Motors (GM.N) has said it plans to end sales of gas-powered passenger vehicles by 2035. President Joe Biden has called for 50% of all new vehicle sales by 2030 to be EVs or plug-in hybrids but has not endorsed a phase-out date. BMW, which expects at least 50% of its sales by 2030 to be zero-emission, says it will more than double EV sales this year.

☆ BMW invests $1.7 bln to build electric vehicles in U.S.
▼ + stars: | 2022-10-19 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

An employee works at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. The luxury automaker plans to build at least six fully electric BMW models in the United States by 2030. BMW Group had already announced that four additional battery cell factories will be built in Europe and China to meet its needs. BMW's 30-year-old South Carolina plant has built more than 6 million vehicles, employs more than 11,000 people, and has an annual production capacity of up to 450,000 vehicles. South Carolina awarded a $65 million grant to Spartanburg County to assist with costs related to the project.

☆ BMW investing $1.7 bln to build electric vehicles in U.S.
▼ + stars: | 2022-10-19 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

SPARTANBURG, South Carolina Oct 19 (Reuters) - BMW AG (BMWG.DE) said on Wednesday it will invest $1.7 billion to build electric vehicles in the United States, the latest announcement from major automaker about plans to ramp up U.S. EV production. "It's the biggest single investment we've done so far," BMW Group Chairman Oliver Zipse told Reuters in an interview. The luxury automaker plans that at least six fully electric BMW models will be built in the United States by 2030. BMW Group has already announced four additional battery cell factories will be built in Europe and China to meet its needs. BMW's 30-year-old South Carolina plant has built more than 6 million vehicles, employs more than 11,000 people, and has an annual production capacity of up to 450,000 vehicles.

☆ BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
▼ + stars: | 2022-10-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The German automaker expects to produce at least six fully electric models in the U.S. by 2030. The Spartanburg facility, where the investment announcement took place, currently produces BMW "X" SUVs and lithium-ion battery modules for its two plug-in hybrid electric vehicles. "Going forward, it will also be a major driver for our electrification strategy, and we will produce at least six fully electric BMW X models here by 2030," BMW Chair Oliver Zipse said in a release. In April, the company announced plans to spend $2 billion to build a second U.S. plant in Kentucky.

☆ Automakers need more time to meet U.S. minerals requirements for EVs -execs
▼ + stars: | 2022-10-19 | by ( Ben Klayman | ) www.reuters.com time to read: +5 min

"We believe it's unfair," he added, pointing out that none of the South Korean automaker's EVs qualify for the credit. Munoz said U.S. legislators should offer companies investing in the United States some type of waiver or a longer transition period. Automakers are trying to figure out how their vehicles will meet the new law's requirements to qualify for EV tax credits. Details of the act are still being ironed out and the U.S. Treasury is currently taking comments on how to implement the rules around the EV tax credits. "We're pretty well positioned," he said at the Reuters conference, citing the Detroit automaker's four U.S. battery plants the company has announced and its raw materials supply deals.

☆ How Germany's industrial giants are preparing for winter
▼ + stars: | 2022-09-27 | by ( Victoria Waldersee | ) www.reuters.com time to read: +7 min

Some industrial giants in particular gas-heavy industries like chemicals have begun shifting production and sourcing from elsewhere, while others are switching from gas to coal or oil - spelling trouble for their carbon footprint. read moreBMW (BMWG.DE)BMW consumes around 3,500 gigawatt hours (GWh) of energy annually in Germany and Austria, three-quarters of which comes from natural gas. The carmaker can reduce its gas intake by at least 15% compared to last year, the company's chief financial officer said on Monday. LINDEThe world's largest industrial gas company said in July it produced gases which were critical from a medical or process safety perspective and so believed it would be prioritised for gas allocation from Germany' government. read moreA spokesperson declined to provide further information, saying an update would be provided later in October in line with third quarter results.

☆ Factbox: How Germany's industrial giants are preparing for winter
▼ + stars: | 2022-09-27 | by ( Victoria Waldersee | ) www.reuters.com time to read: +7 min

Industrial giants, in particular gas-heavy industries like chemicals, have begun shifting production and sourcing from elsewhere. It is now sourcing some of its ammonia from outside of Europe, where prices are lower, a spokesperson said. read moreBMW (BMWG.DE)BMW consumes around 3,500 gigawatt hours (GWh) of energy annually in Germany and Austria, three-quarters of which comes from natural gas. Chief executive Dominik von Achten said the company was shifting production at plants to times when power prices were lower, such as weekends. LINDEThe world's largest industrial gas company said in July it produced gases which were critical from a medical or process safety perspective and so believed it would be prioritised for gas allocation from Germany' government.

☆ BMW reveals its new $120,000 electric flagship
▼ + stars: | 2022-04-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

CNN —Electric vehicles, with their need for lots of expensive batteries, have often trended towards luxury. Electric cars from Porsche, Mercedes, and Audi have all hit the market in recent years. The i7 is the electric version of a new generation of the BMW 7 Series flagship unveiled on Wednesday. While those other luxury brands’ electric vehicles are based on dedicated EV chassis with little relationship to their gas-powered models, BMW emphasizes adaptable engineering as its edge. Both of those iconic British brands are owned by BMW, and plan to sell only electric vehicles by 2030.

Persons: Mercedes EQS, Oliver Zipse, Mercedes, Zipse, ”, Oscar, Hans Zimmer BMW Organizations: CNN —, Porsche, Mercedes, Audi, BMW, Benz, BMW BMW, General Motors, ”, i7, Royce

☆ BMW i7 electric car revealed
▼ + stars: | 2022-04-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

Electric cars from Porsche, Mercedes, and Audi have all hit the market in recent years. BMW has come out with its own electric cars like the iX and i4 and now the new i7, a battery-powered take on the brand’s new most expensive sedan. The i7 is the electric version of a new generation of the BMW 7 Series flagship unveiled on Wednesday. While those other luxury brands’ electric vehicles are based on dedicated EV chassis with little relationship to their gas-powered models, BMW emphasizes adaptable engineering as its edge. Both of those iconic British brands are owned by BMW, and plan to sell only electric vehicles by 2030.

☆ BMW CEO warns against electric-only strategy
▼ + stars: | 2022-04-14 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

[1/2] BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022. He has long advocated against all-out bans on combustion engine car sales in the face of rising pressure from regulators on the auto industry to curb its carbon emissions and environmental impact. Offering more fuel-efficient combustion engine cars was key both from a profit perspective and an environmental perspective, Zipse argued, pointing to gaps in charging infrastructure and the high price of electric vehicles. "How much energy you need and use, and circularity, is important - for environmental reasons but even more for economic reasons." Reporting by Doyinsola Oladipo; Writing by Victoria Waldersee; Editing by Christoph Steitz and Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

☆ Viitorul aparține mașinilor electrice. Până când vor mai putea fi produse cele pe diesel și pe benzină.
▼ + stars: | 2021-07-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

Autoturismele diesel şi pe benzină şi-au trăit viaţa, iar viitorul este al celor electrice. Conform mai multor surse citate joi de AFP, Comisia Europeană are în vedere eliminarea completă a emisiilor auto începând din anul 2035, informează Agerpres. Cum vehiculele electrice sunt singurele care satisfac această exigenţă, ele vor deveni astfel singurele autorizate la comercializare pe piaţa autoturismelor noi. Pe o piaţă care la nivel global a regresat din cauza pandemiei, vânzarea maşinilor electrice avansează puternic. Volkswagen a anunţat în luna iunie că între anii 2033 şi 2035 va înceta să vândă în Europa motoare cu combustie.

Persons: Oliver Zipse, Tesla, german Matthias Schmidt, Diane Strauss, Pascal Canfin Organizations: Europeană, Agerpres, Volkswagen, Daimler, Mercedes, BMW, PSA, Fiat, Toyota, Renault, Hyundai, Volvo, Parlamentul European Locations: înmatriculări, Europa Occidentală, german, Europa, Franţa, Stellantis

☆ UE pregătește sfârșitul mașinilor diesel și pe benzină; Până când vor mai putea fi produse
▼ + stars: | 2021-07-09 | by ( ) www.jurnal.md time to read: +4 min

Sursa foto: Profimedia ImagesUE pregătește sfârșitul mașinilor diesel și pe benzină; Până când vor mai putea fi produseAutoturismele diesel şi pe benzină şi-au trăit viaţa, iar viitorul este al celor electrice. Conform mai multor surse citate joi de AFP, Comisia Europeană are în vedere eliminarea completă a emisiilor auto începând din anul 2035, informează Agerpres. Cum vehiculele electrice sunt singurele care satisfac această exigenţă, ele vor deveni astfel singurele autorizate la comercializare pe piaţa autoturismelor noi. Noile reglementări vor favoriza şi mai mult aceste vehicule şi vor stimula abandonarea celor hibride şi hibride reîncărcabile, care asociază motorul electric şi bateria. Volkswagen a anunţat în luna iunie că între anii 2033 şi 2035 va înceta să vândă în Europa motoare cu combustie.

☆ Uniunea Europeană pregătește sfârșitul mașinilor diesel și pe benzină. Până când vor mai putea fi produse
▼ + stars: | 2021-07-08 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

Autoturismele diesel şi pe benzină şi-au trăit viaţa, iar viitorul este al celor electrice. Conform mai multor surse citate joi de AFP, Comisia Europeană are în vedere eliminarea completă a emisiilor auto începând din anul 2035, informează Agerpres. Pe o piaţă care la nivel global a regresat din cauza pandemiei, vânzarea maşinilor electrice avansează puternic. Noile reglementări vor favoriza şi mai mult aceste vehicule şi vor stimula abandonarea celor hibride şi hibride reîncărcabile, care asociază motorul electric şi bateria. Volkswagen a anunţat în luna iunie că între anii 2033 şi 2035 va înceta să vândă în Europa motoare cu combustie.

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