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.
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.
Germany has rejected genetically modified crops, nuclear power and magnetic levitation trains. Now, the country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.
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.