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...Rival BMW has begun trialling some automatons at one of its factories, as has Chinese start-up Nio, while Tesla has also said it will build robots for use in factories....
...BMW sold 8 per cent more cars in Germany than in the previous year, and reported worldwide battery electric sales growth of 27 per cent. Additional reporting by Gloria Li in Hong Kong...
...Last year, six foreign issuers including Mercedes-Benz and BMW issued a total of Rmb28.6bn in panda bonds, carrying an average coupon of 3.08 per cent, according to figures from data provider Wind....
...At Rolls-Royce, BMW’s luxury brand, a separate division has been set up to deal with personalised features....
...Unlike rivals BMW and Mercedes-Benz, Audi makes no cars in the US. Its factory in Mexico makes the Q5 SUV, but many cars it sells in America are exported from Europe....
...In another example, Shenzhen-based Appotronics, which provides laser projectors for nearly half of China’s cinemas, will supply BMW with laser technology for some of the German group’s latest in-car displays...
...VW, BMW and Mercedes-Benz all declined to comment on the complaints, stating that they had not yet been contacted by German regulators....
...Several European companies such as Mercedes-Benz and BMW have already pledged to introduce green steel into their cars in the near future in order to lower their own carbon footprint....
...German carmakers make a large chunk of sales and profits in the country, with Chinese sales accounting for a third of BMW’s total car sales last year, and almost 40 per cent for Mercedes-Benz and Volkswagen...
...However, BMW’s chief executive Oliver Zipse said Berlin would “never have agreed” to EU plans to completely phase out petrol and diesel cars without the inclusion of an exemption for e-fuels....
...BMW, Mercedes-Benz and Tesla all run non-unionised plants in the US and are yet to detail any increases....
...Audi has also been falling behind BMW and Mercedes-Benz in the US, which both sell significantly more cars in the country....
...BMW’s margin reached almost 16 per cent, up from 8.6 per cent....
...Yet Ferrari, Porsche and BMW have not given up on growth, points out Philippe Houchois at Jefferies. All of them are rolling out EV models of their own....
...Rival German groups BMW and Mercedes have also paused Russian production or sales....
...McLaren has deep ties with BMW, which supplies the plug-in hybrid technology for its new Artura supercar, and the pair invest together in some battery research....
...Shares in Mercedes and BMW were flat on Tuesday morning as investors priced in the improving supply picture....
...Mercedes’ German rivals Volkswagen and BMW on Thursday announced results for the first quarter, beating analysts’ expectations with strong sales....
...Indeed, Porsche mostly competes in premium segments against the likes of Mercedes, BMW and Jaguar Land Rover. That suggests its valuation should track closer to these rivals over time....
...It is unclear how many other exporters are following the lead of BMW and Audi....
...What is more, a valuation of 15 times earnings for Porsche would dwarf the lowly five times that Volkswagen’s major German rivals Mercedes-Benz and BMW trade at....
...The move came just months after Mercedes’ owner Daimler and BMW pledged to spend €1bn on a suite of car-sharing, ride-hailing, parking and charging apps....
...Duesmann, a former F1 engineer at BMW and Mercedes, declined to confirm how much Audi was spending on establishing an F1 unit in Neuburg an der Donau....
...The only question is price, and investors will debate whether to benchmark Porsche’s valuation against automakers such Mercedes and BMW or luxury names such as Ferrari and Kering....
...Diess, a former BMW executive who was a rare outsider within VW, will be replaced by Blume, who was born near VW’s Wolfsburg headquarters....
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