BMW chief executive Norbert Reithofer will become chairman of the carmaker’s supervisory board. Photograph: Tobias Hase/EPA

German carmaker BMW and larger rival Volkswagen announced surprise changes to top management on Tuesday, with the veteran CEO of the Munich-based luxu(...)

The world’s leading luxury carmaker BMW posted a bigger-than-forecast 27-per-cent gain in second-quarter profit  with the group aiming for record sales this year.Photograph: EPA/ARMIN WEIGEL

New models and strong sales in China helped BMW to beat second-quarter profit forecasts and keep it on track to remain the world’s biggest luxury carm(...)

BMW said first-quarter underlying earnings in its key automotive division fell more than expected, as heavy discounts in core European markets and (...)

BMW CEO Norbert Reithoffer: “Our business performance is exposed to many risks." Photo: Reuters

In keeping with the general air of gloom in the global motor industry, BMW this week said its pre-tax profit would stagnate in 2013 due to cont(...)

A 1978 VW Camper mini bus. VW’s future is being decided in China, Russia, India, the Americas and 
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southeast Asia its chief executive has said. Photograph: Alan Betson / THE IRISH TIMES

CANTILLON: Commentators who claim the recession is hitting the middle classes more than the wealthy need look no further than the motor industr(...)