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BMW electric sales double YOY, soaring EV demand and ‘compelling products’ boost Q3 earnings beat

Electrek

Despite lingering supply chain bottlenecks disrupting the global auto industry, the BMW Group achieved record revenue in Q3 as sales and demand for its electric vehicles continue propelling the German luxury automaker forward.

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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Bosch, the world’s largest automotive supplier for Ford, GM, Toyota, VW, and BMW, among others, said last week that as many as 1,200 employers in its software and electronics division would be fired by the end of 2026, and that 80% of those cuts would take place at the Stuttgart-based headquarters in Germany. Get started here.

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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. This is despite the near-constant supply shortages that have plagued (and continue to plague) the auto industry, notably in Europe. BMW stock chart by TradingView.

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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

MRC observed that the European Automotive industry is moving towards a full-scale adoption of CFRP parts. As an example, BMW has launched the i3 electric vehicle, which uses CFRP parts for the complete vehicle structure.

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BMW Group, Intel and Mobileye bringing Delphi in as partner in autonomous driving platform work

Green Car Congress

The BMW Group, Intel and Mobileye will bring Delphi onboard as a development partner and system integrator for the autonomous driving platform currently under development. —Klaus Fröhlich, Member of the Board of Management of BMW AG for Development. Earlier post.).

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Mexico To Triple EV Production In 2023

CleanTechnica EVs

The Mexican auto industry has grown sevenfold since the 1960s and doubled its output since the 1990s, when it was granted full access to the US market. […] Giant amongst developing nations, Mexico stands currently as the seventh-largest automobile producer in the world (in number of units).

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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. The French plant should start mass production soon. billion) investment.

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