BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed performance amid ongoing global headwinds. The second quarter saw Group revenues of €31.3 billion, down from the prior-year…
Dr. Milan Nedeljković, Chairman of the Board of Management at BMW AG, delivered a candid assessment of the company’s Q2 2026 performance during a conference call, highlighting significant market pressures and a decisive restructuring plan to restore competitiveness. The second-quarter…
The BMW Group is taking steps to tackle the increasingly competitive environment, with a focus on efficiency and speed. Despite a significant downturn in the Chinese market and challenging operating conditions worldwide, the company is maintaining a clear course. In…
The BMW Group has released its Half-Year Report to 30 June 2026. The report is available for download, and speeches and telephone conferences for journalists and analysts and investors will be broadcast live on the company’s website. The online version…
Hertz, the rental giant, has established a new division called Oro Mobility to support Uber’s robotaxi fleet. Oro will handle charging, maintenance, and repairs for Lucid robotaxis equipped with Nuro autonomous driving technologies. This move comes after Hertz’s previous attempt…
Mini is finally developing its own rugged version of the Countryman, set to debut in October 2026. The off-road-focused compact SUV features higher clearance and all-terrain tires, distinguishing it from the standard model. Currently undergoing testing and validation in the…
BMW is planning to eliminate around 8,000 positions globally, with most cuts expected to hit German corporate roles, while factory workers remain excluded. The automaker is looking to trim costs and restore profitability amid sliding sales in its key Asian…
A Chinese car carrier, the Glovis Nova, has set a national record for electric vehicles shipped in one voyage, carrying 7,738 Teslas from Shanghai to Zeebrugge in Belgium. The ship, which can carry up to 10,800 vehicles at once, is…
Stellantis has announced the sale of its Free2move car-sharing division to Mutares SE & Co. KGaA, a German private equity firm. The transaction is expected to close by the end of the year, as Stellantis shifts focus to core automotive…
MINI has unleashed a specially engineered, all-road-capable Countryman Edition into the unforgiving terrain of the Rocky Mountains for its final proving ground ahead of a global reveal. The camouflaged prototype is being pushed through gravel tracks, rocky climbs, and remote…