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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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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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Hyundai CEO Jose Muñoz says consumers would pay for a richer combine

Baua Electric

How most likely is it that larger rates of interest will construct customers get started delaying car purchases? They proceed to finance at larger charges or hire automobiles. We need to succeed in a 7 % [global] percentage of battery-electric automobiles via 2030. The purchasers receive advantages.

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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Back in 2001, Maruti Suzuki was one of the first players in this segment with its True Value channel, enabling trust and breaking stereotypes attached to the purchase of ‘second-hand’ vehicles. Luxury brands such as Jeep, BMW, and Mercedes-Benz have also seen consistent growth.

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German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

Green Car Congress

The Federal and state governments also expect the manufacturers to use self-financed competitive measures to provide incentives for the change of pre-Euro-5 diesel vehicles to vehicles with the latest exhaust gas aftertreatment or electric vehicles. Purchase subsidies for low-emission municipal commercial vehicles. Click to enlarge.

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