Nicolas Peter

7 results

Daimler’s chief financial officer says the group will ‘consciously undersupply demand levels’ to support higher pries even when the current semiconductor shortage is sorted. Photograph: Alex Kraus/Bloomberg

Carmakers Daimler and BMW plan to limit the volume of premium models they ship even once the industry-wide chip shortage eases, in a bid to lock in th(...)

A man driving a BMW Isetta  drives past Brexit supporters gathering in Parliament Square, in central London on January 31, 2020, the day that the UK formally leaves the European Union. Photograph: AFP via Getty

A no-deal Brexit would cost German carmaker BMW “hundreds of millions” of euros, with increased tariffs passed on to consumers, the group’s chief fina(...)

Herbert Diess, chief executive of Volkswagen, presents the carmaker’s new electric car, the ID.3 model, at the Frankfurt motor show. Photograph: Silas Stein/DPA/AFP

The Government’s current target of having one million electric vehicles on our roads by 2030 is unattainable, the Irish motor trade has warned in a le(...)

BMW has been hammered by the trade spat between America and China, and has also seen its share price almost halve, from €122 to €65, since 2015, despite consistent profitability

American magazine Automobile claims BMW Group is set to slash its model range after the car division’s earnings fell 22 per cent last year. BMW’s Chi(...)

BMW has warned its earnings will fall “well below” last year’s level, and embarked on a €22bn efficiency drive to offset the impact of trade conflicts and unprecedented spending on electric cars.

BMW has warned its earnings will fall “well below” last year’s level, and embarked on a €22 billion efficiency drive to offset the impact of trade con(...)

BMW has said it will not make a successor to the 3 series Gran Turismo model

BMW will step up cost-cutting in anticipation of a difficult year, the German carmaker said on Friday, as it reported a 7.9 per cent fall in 2018 oper(...)

BMW has forecast stronger sales momentum during the rest of the year from new models such as the X2 compact SUV. Photograph: iStock

BMW warned that trade tensions could drag on profits in the coming months, squeezed by power politics between China and the United States. The manuf(...)