Tag: BMW

• Wednesday, March 6th 2019 - 08:15 UTC

  Icon of British sports car engineering to be sold to Italian investor

  

  British sports car maker Morgan is to be sold to an Italian venture capitalist firm. InvestIndustrial will take a majority stake for an undisclosed amount. The Morgan family, which has owned the company for 110 years, will retain a minority shareholding, with the management team and staff also keeping a share of the business.

• Wednesday, September 19th 2018 - 08:56 UTC

  Mini factory in Oxford will shut down for a month in April 2019 in case of a no deal Brexit

  

  Mini factory in Oxford will shut down for a month after Brexit at the end of March to minimize disruption in case of a no-deal outcome. Owner BMW said its summer maintenance shutdown had been brought forward to 1 April to reduce any “possible short-term parts-supply disruption”.

• Monday, July 2nd 2018 - 08:31 UTC

  Leading world car makers urge US not to impose tariffs on auto imports

  

  BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”

• Saturday, June 23rd 2018 - 09:03 UTC

  BMW joins Airbus in calling for clarity in Brexit negotiations

  

  Car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.

• Tuesday, October 14th 2014 - 11:54 UTC

  First BMW rolls out from Brazilian plant; annual production goal: 30.000

  

  Germany's BMW Group celebrated last week the first car to be assembled in its new Brazilian automobile plant in Araquari, Santa Catarina State, where over the course of the next few years, more than 200 million Euros will be invested in the plant, resulting in a production capacity of more than 30,000 vehicles annually.

• Tuesday, October 23rd 2012 - 00:40 UTC

  German luxury car maker BMW joins Brazil automobile industry

  

  German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.

• Friday, June 1st 2012 - 06:57 UTC

  Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold

  

  Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.

• Tuesday, April 24th 2012 - 06:16 UTC

  BMW sales in Brazil drop 30% because of tax rise; factory investment on hold

  

  Bayerische Motoren Werke AG (BMW), the world’s largest luxury automaker, posted a 30% drop in first-quarter sales in Brazil due to a tax rise for imported cars, said Henning Dornbusch, the company’s country head.

• Wednesday, January 25th 2012 - 07:37 UTC

  BMW plans to build cars in Brazil as of 2014

  

  Germany’s BMW Ag., the world’s largest luxury carmaker plans to build cars in the Brazilian state of Santa Catarina from 2014 reports Automobilewoche.

• Saturday, August 6th 2011 - 08:26 UTC

  Germany’s BMW planning assembly plant in Brazil to cater Mercosur luxury car demand

  

  German automaker BMW said this week it would probably build its first assembly plant in Brazil after strong demand for luxury cars generated stellar earnings for the global leader.