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Archive for the ‘BMW’ Category

Dealers Hampering Sales of Electric Vehicles, Study Shows

Sales of EVs predicted to rise 50% in the U.S. in 2018.

by on May.25, 2018

The Chevy Bolt was one of Consumer Reports 10 best vehicles when it came out. Despite this, a new study suggests salespeople don't want to sell them.

Despite the fact that more and more consumers seem to be interested in buying electric vehicles, a new study suggests that dealers still seem to want to not sell EVs.

According to a study by Nature Energy, salespeople are reticent to sell people who specifically ask about electric vehicles an EV. The publication sent out 126 people to 82 dealerships across Denmark, Finland, Iceland, Norway and Sweden who were either deterred from buying an EV or were given incorrect information about them.

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These countries are all in the top 15 electric vehicle markets in the world.  (more…)

Volkswagen to Supply Vehicles for Apple’s AV Program

Apple to use small van for testing.

by on May.25, 2018

Apple's new autonomous vehicle — a T6 Transporter van from Volkswagen.

Apple’s on-again-and-off again automotive project, has found a partner, Volkswagen, according to a published report.

The report in the The New York Times followed reports by various tech-oriented web sites and publications that both Mercedes-Benz and BMW had rejected the overtures to work with Apple, which once considered building its own electric-powered autonomous vehicles.

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More recently Apple appears to have in development software that could guide self-driving vehicles and has even developed an AV shuttle that has been used intermittently on its Silicon Valley campus. It also has applied for permits to test AVs throughout the State of California. (more…)

China Tariffs on Hold as Trade War Talk Recedes

Two countries putting a deal together.

by on May.21, 2018

The Trump administration is backing away from proposed tariffs on a variety items imported from China.

The announcement by the U.S. Secretary of the Treasury Steve Mnuchin that the Trump administration will suspend any plans to impose tariffs on Chinese imports lowers the risks for American and European carmakers, fearing the impact of a trade war.

Companies such as Mercedes-Benz and BMW, which export American-made vehicles to China, will apparently be spared, facing the substantial tariffs the Peoples Republic of China had proposed imposing on vehicles exported from the United States.

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Importers of vehicles from China, such General Motors, also will be spared American tariffs on vehicles from Chinese factories. (more…)

Performance Version of Tesla Model 3 Will Be “Quicker than a BMW” – But Cost $78,000

Will “beat anything in its class on a track,” tweets Tesla’s Musk.

by on May.21, 2018

Tesla CEO Musk claims the performance Model 3 will not only be faster, but handle better than the BMW M3.

Despite a painfully slow ramp-up of production, Tesla is planning to add a new high-performance version of its Model 3 sedan that CEO Elon Musk claims will be “quicker than a BMW,” and be able to “beat anything in its class on a track.”

In a series of tweets over the weekend, Musk fleshed out details about the all-wheel-drive electric vehicle, noting that it will launch from 0 to 60 in 3.5 seconds, top out at an Autobahn-burning 155 mph, and still yield 310 miles per charge – at least when driven a bit less aggressively. But the yet-unnamed performance version of the Model 3 will also cost $78,000, or about twice as much as a base version of the electric sedan.

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That steep jump actually isn’t entirely out of line, at least when comparing to the likes of a BMW 3-Series sedan. The German sports sedan starts at $34,900, around the same figure as a Model 3 before factoring in the $7,500 federal tax credit. The BMW M3 starts at $66,500, though appears to have less standard equipment than the Model 3 performance version. The Tesla includes AWD, for example, an otherwise $5,000 option.

(more…)

BMW Opens New R&D Facility in Beijing

New center is the third in China.

by on May.17, 2018

BMW Group executives mark the opening of the company's new research and development center in Beijing.

The BMW Group opened a new research and development center in Beijing — its third R&D center in the country.

The opening of China R&D Center is a significant step in expanding local innovation and moving ahead with the group’s localization strategy of “In China, for China and the world” one step further, officials noted.

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China became the largest market for the BMW Group last year. With the establishment of R&D centers in Beijing, Shanghai and Shenyang, the Chinese R&D network is unique and by far the biggest presence of BMW research and development outside Germany. (more…)

BMW Set to Debut New 8 Series Ahead of Le Mans Return

The race also will bring the debut of the BMW M8 GTE endurance car.

by on May.14, 2018

The new BMW M850i xDrive will have to live in the shadow of the GTE race car until next month.

It’s been seven years since BMW last took to the tarmac in Le Mans – and 19 years since the last 8 Series coupe rolled off its assembly line. Both droughts are about to be broken.

The Bavarian automaker has confirmed it will unveil an all-new 8 Series model on June 15, a day before the BMW M8 GTE will line up on the starting grid for the 24 Hours of Le Mans. Both cars are shown in this teaser image, though you’ll have to squint hard to make out many details when it comes to the street-legal 8 Series.

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“There isn’t be a better setting for the world premiere of the new BMW 8 Series Coupe than the 24-hour race at Le Mans,” said Klaus Fröhlich, board member of the BMW AG, Development, in an announcement accompanying this single image. “The race is a pure demonstration of passion, dynamics and long-distance capability. These characteristics define our new sports car in a special way.” (more…)

BMW Unleashes its Most Powerful M5 Ever

At 617 hp, M5 Competition will hit 60 in 3.1 seconds and 125 in 10.8.

by on May.14, 2018

The BMW M5 Competition is just a bit more powerful than the M5 at 617 hp, 17 more han the M5.

At 600 horsepower, you might think that the 2018 BMW M5 can make good claim to being “the ultimate driving machine.” But the Bavarian automaker apparently had second thoughts and has decided to amp things up a bit.

Come 2019, if you’ve got $110,995 in loose change you’ll be able to head down to your local BMW showroom and order up the 2019 M5 Competition model. At 617 horsepower, this beast has more than enough power to scare most competitors on the track, but it will be completely street legal – well, unless you try to push it anywhere near to the limits.

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Picking up on the theme we first saw with the M2 Competition, BMW has made some low-key exterior and interior enhancements, focusing most of its efforts on what you’ll find under the hood – and that not only means more ponies but a more distinctive – read: louder – exhaust note. (more…)

Trump Meets With Automakers About CAFE, Blasts NAFTA Instead

President pushes companies to build more cars in U.S.

by on May.11, 2018

Ford CEO Jim Hackett looks on as President Donald Trump makes a point during a meeting with automakers.

The much-anticipated meeting between a 10 automakers and Trump administration officials to discuss rolling back Obama-era fuel economy standards resulted in smoke, but no fire.

President Trump and the head of the Environmental Protection Agency Scott Pruitt met with the heads dozen automakers, including General Motors CEO Mary Barra, Ford Motor Co. CEO Jim Hackett and Fiat Chrysler CEO Sergio Marchionne.

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A proposal from the U.S. Transportation Department would freeze Corporate Average Fuel Economy, or CAFE,requirements at 2020 levels through 2026, rather than allowing them to increase as previously planned. Trump’s administration is expected to formally unveil the proposal later this month or in June. (more…)

Audi Out: Follows Growing Group of Automakers Abandoning Detroit Auto Show

NAIAS still studying possible date change to revive flagging fortunes.

by on May.11, 2018

Audi has traditionally used the NAIAS for major intros, like the Q8 Concept it debuted in 2017.

Already hit by key defections, the organizers of the North American International Auto Show in Detroit learned Thursday that Audi will also be a no-show in January 2019 – though the luxury arm of Volkswagen Group said it will “continue to evaluate” a return at a later date.

A once-regional event, the NAIAS became the most significant auto show in the U.S., and one of the world’s most widely watched, when it added the “International” designation in 1989. At its peak around the start of the new millennium, Detroit could count on virtually every manufacturer to participate, with some years seeing more than 70 new cars, trucks, concepts and crossovers debut.

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As the industry plunged into recession, things began to change. Some manufacturers, such as Nissan, pulled out temporarily, but others decided to abandon the Motor City event entirely. That included some of the most exclusive marques, like Ferrari, as well as mainstream and luxury brands like Mazda, which was a hold out this past January. Volvo had no corporate presence, though its local dealers did roll a few vehicles into Detroit’s Cobo Hall convention center. Now, it seems, the exodus is turning into a rout. Audi follows Mercedes-Benz, BMW and Porsche in planning to stay home next January. (more…)

BMW Launches New Financial Tech Lab

Accelerator designed to develop ideas.

by on May.09, 2018

Ian Smith, BMW Group Financial Services NA CEO, is one of the mentors for the new program.

With the auto industry pushed by new and emerging technology, carmakers are re-evaluating and re-organizing every part of their business, including finance.

BMW Group Financial Services in the U.S. has launched what it describes as an accelerator program named the BMW Financial Services Collaboration Lab 2018.

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The new BMW accelerator will offer entrepreneurs, start-ups, and small businesses in financial technology and other fields with the opportunity to partner with BMW Group Financial Services to develop new technology and solutions that can benefit consumers, dealers and partners.  (more…)