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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.
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.
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