Tag: $BMW

BMW Group will integrate Huawei HiCar, the Chinese tech conglomerate’s car mobile app connecting devices with vehicles, into its locally produced new models in 2026, the German automaker said on Monday.

German luxury carmaker BMW posted a steep drop in profit last year due to weakening sales in China and technical problems with braking systems.

Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court’s website on Monday.

BMW group sales fell slightly in 2024 as the German automaker was hit by technical issues and subdued demand in China.

BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake problems and sending its shares to their lowest level in more than 2-1/2 years.

BMW AG has had to lower expectations for the year after a faulty braking system from supplier Continental AG prompted a recall and halt to deliveries of some 1.5 million vehicles.

 BMW reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Thursday, hitting its shares as heightened competition and weaker demand in China weighs on the sector.

 BMW Group reported record sales of over 2.5 million units in 2023 and hit its target of a 15% share of battery-electric vehicles, the carmaker said on Tuesday.