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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. In this respect, we are quite clearly in the fast lane.

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Reeves Callaway, Callaway Automobiles founder and CEO, dies at 75

Baua Electric

The Callaway Automobiles and CEO used to be 75. Callaway based Callaway Automobiles in 1977 in his storage in Used Lyme, Conn. A former Method Vee champion motive force, Callaway discovered engine construction, chassis tuning and detail fabrication moment dreaming of changing into a qualified race automobile motive force.

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Tesla tweaks financing product with best resale value guarantee and lower monthly payments

Green Car Congress

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). —Tesla Co-founder & CEO Elon Musk.

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BMW Q2 recruit penetration grew greater than 40%

Baua Electric

On the terminate of 2022, recruit penetration at BMW was once unwell dramatically — 30-plus issues vs. pre-pandemic ranges, BMW Nationwide Broker Discussion board Chairman David Sloane informed Car Information on the age. BMW and its captive finance arm listened, after spoke back with systems to produce leasing extra compelling.

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SGL Group and BMW Group Establish Carbon Fiber-Joint Venture; BMW Will Use Output in the Megacity Vehicle

Green Car Congress

SGL Group and BMW Group have formed a 51:49 joint venture to manufacture carbon fibers and fabrics for the automotive industry. This joint venture with the BMW Group is a milestone for the use of carbon fibers on an industrial scale in the automobile industry. Norbert Reithofer, BMW AG Management Board Chairman.

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The Six People You Meet In the Car Business

The Truth About Cars

I spent 33 years in the automobile business, the equivalent of 96 human years. Having worked for car dealerships, manufacturers, an auction house, and an auto finance company, I’m convinced there is no other industry that attracts& such a diverse cast of characters. & These are their stories.

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New Navigant Leaderboard puts GM and Waymo at the head of the autonomous driving technology pack, Tesla last

Green Car Congress

Fiat Chrysler Automobiles (FCA) has joined the partnership of BMW, Intel, and Mobileye. . … Silicon Valley and the incumbent automotive industry are increasingly recognizing that each can benefit from the expertise of the other in commercializing this technology quickly. Bosch and Daimler are working together.

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