by Edward Taylor
BMW has developed street lights equipped with sockets to charge electric cars, it said on Friday, and will run a pilot project in Munich next year that uses existing local authority lighting networks.
Tag Archives: bmw
BMW profit rises 17% as SUV demand outpaces EVS, Mini
BMW said third-quarter earnings before interest and tax (EBIT) rose 17 percent to €2.26 billion ($2.83 billion) as surging demand for its SUVs more than offset slow sales of its electric cars and Mini brand.
Net profit, however, slipped 1 percent to €1.31 billion. BMW said this was due to a higher tax bill and a writedown on the value of its stake in carbon fiber manufacturer SGL Carbon.
Daimler opens China r&d center to help Mercedes close sales gap with Audi, BMW
Daimler has opened a research and development center in Beijing tasked with further tuning its Mercedes-Benz brand to wealthy Chinese tastes and closing the sales gap with Audi and BMW brand.
Mercedes’s China sales rose 30.5 percent to 203,485 in the first nine months, trailing BMW, which sold 335,863, a rise of 18 percent. Sales of luxury market leader Audi rose 16 percent to 415,704 in the same period.
Audi, BMW and Mercedes’s unshakable grip on China’s luxury market
In recent years a number of non-German global brands have challenged the solid grip that Audi, BMW and Mercedes-Benz maintain on China’s luxury car market. But until now, none of them has put any noticeable competitive pressure on the three leading brands, to say nothing about shaking their iron grasp on the market.
BMW Maintains lead over rivals Audi, Mercedes but it’s shrinking
BMW Group’s core brand outsold rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe, but the gap between the three luxury car brands has narrowed this year in a fierce sales race.
BMW said that sales of its namesake brand rose 6 percent last month to 167,584, beating its two competitors. Audi sales rose 6 percent to 159,950 in the same period, while Mercedes’ brand jumped 14 percent to 162,746.
