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Ford warned on Thursday that the chances of a no-deal Brexit have risen in the last few months as new Prime Minister Boris Johnson ramps up preparations for a possible disorderly exit in October.
BMW’s supervisory board will discuss new leadership at the automaker’s U.S. plant in Spartanburg, South Carolina, later on Thursday, and is expected to name Oliver Zipse as its new CEO, after 53-year-old Harald Krueger said he would not be available for a second term as CEO.
BMW has moved some engine output from Britain due to Brexit in a further sign of the decisions companies are having to take to handle uncertainty over the UK’s exit from the European Union.
BMW is recalling about 1.6 million diesel cars to fix a potential fire hazard in their engines, expanding repairs from just under half a million vehicles in Europe and Asia.
The European Commission has opened a formal investigation into whether German automakers BMW, Daimler and Volkswagen Group colluded to avoid competition in developing clean emissions technology.
South Korea’s transport ministry said on Tuesday it would ban about 20,000 BMW vehicles from the streets amid mounting public fears about engine fires.
BMW’s South Korean unit apologized over 27 engine fires between January and July that have prompted a government probe and a major backlash from consumers.
BMW is investing 1 billion euros ($1.17 billion) in a new assembly plant in Hungary, its first factory in Europe in nearly two decades as the automaker strengthens its European footprint amid growing protectionism.
BMW AG will appint Neil Fiorentinos as the new CEO of BMW Group Region Central & Southeastern Europe on September 1, 2018. Fiorentinos replaces Christoph v. Tschirschnitz, who has decided to accept new management challenges outside the BMW Group.
BMW Czech Republic was, as in the past year, a partner of the Carlsbad Classic race car. The sixth year of this “rally” started in Karlovy Vary from Thermal Hotel on Friday afternoon (July 13, 2018).
Czech government of Andrej Babiš agreed to sign a declaration on strategic cooperation between the Government of the Czech Republic and BMW AG to support the planned construction of a test center in the Sokolov region.
German state prosecutors said they searched BMW premises in Germany and Austria, investigating suspected defeat devices capable of manipulating exhaust emissions.
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