BMW CEO Norbert Reithofer has hired management consultants from McKinsey to help draw up cost cuts aimed at saving between €3 billion to €4 billion ($4 billion to $5.4 billion) a year, a German business magazine said.
Tag Archives: bmw
BMW sees big auto finance growth potential in China
BMW Group has received a big boost from its consumer finance company, AFC, which was launched in China in 2010, and the carmaker sees potential for the unit to grow further in the market.
BMW and Tesla executives meet to discuss electric cars
By Edward Taylor
Executives from German carmaker BMW and U.S.-based Tesla met this week in a move which could lead to the creation of charging stations usable for different types of electric cars.
BMW i3 REx reporting ‘check engine light’ problems
From the very start, when BMW announced the small electric city car, the i3, things were looking rather good for them.
BMW launches i8 plug-in hybrid as Tesla shakes up green supercar segment
BMW has begun rolling out the plug-in i8 as rival Tesla Motors Inc. shakes up the market for luxury cars with alternative powertrains.
