Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, is considering building engines in North America for the first time and expanding vehicle production in the region to capitalize on growing demand, three people familiar with the matter said.
Bayerische Motoren Werke AG backed the German government’s goal to have 1 million electric cars by 2020 on the country’s roads, a week after Volkswagen AG said the target is achievable under broader terms for alternative drives.
Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, forecast weaker auto profitability in the fourth quarter after investments to roll out new models like the i3 electric car weighed on results.
Bayerische Motoren Werke AG extended Chief Executive Officer Norbert Reithofer ’s contract to 2016, leaving him to steer the largest luxury-car maker to its goal of boosting deliveries by half in the next decade.
To avoid the fate of other slow- selling electric vehicles, Bayerische Motoren Werke AG will offer the new i3 -- a battery-powered compact car -- with a unique option: the use of a sport-utility vehicle.
Bayerische Motoren Werke AG , the world’s largest maker of luxury autos, will expand the BMW and Mini model ranges to boost annual sales 55 percent over the next decade and fend off Volkswagen AG and Daimler AG.
Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, will resolve the supply chain debacle that delayed the delivery of spare parts around the world by the end of this month, top executives said.