BMW is not interested in settling EU cartel investigations

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German automaker BMW has no interest in settling an investigations by the European Union antitrust officials against the company and other German automakers, German magazine WirtschaftsWoche reported on Friday, mentioning company sources. In April, EU cartel regulators had charged BMW, Daimler and Volkswagen for colluding to block the rollout of cleaner emissions technology from 2006 […]

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BMW increases X3 production in China

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BMW’s Chief Executive on Tuesday stated the automaker has boosted production of its X3 offroader model in Spartanburg, South Carolina, along with that one in China, a step which decreases exposure to trade tariffs between China and the United States. “We have boosted production of X3 for the U.S. market,” Harald Krueger informed analysts on […]

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Investments, legal fines put brakes on BMW

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BMW’s first-quarter operating profit dropped 78 percent to 589 million euros, regardless of higher deliveries of luxury vehicles, as the automaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision. The European Commission earlier month informed German automakers they face hefty fines for alleged collusion in the area […]

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