By GREGORY KATZ and MATTHEW KNIGHT
They are rolling symbols of wealth and excess, starting at $263,000 a pop, with many buyers choosing custom options that can easily double the price. And they are more popular than ever before.
Monthly Archives: July 2014
Gaby-Luise Wuest former BMW exec to head Infiniti global operations
Infiniti named longtime BMW executive Gaby-Luise Wuest as its head of global operations, succeeding Francois Goupil de Bouille, whom Infiniti appointed as head of Europe, Middle East and Africa, earlier this year.
BMW Group breaks 1M vehicle mark in 1H for first time
The BMW Group sold more than a million vehicles in the first half of 2014 for the first time. A total of 1,020,211 vehicles were delivered to customers worldwide, an increase of 6.9% over the same period last year (954,501).
Norbert Reithofer, BMW CEO sees €billion challenge to meet EU’s CO2 target
BMW faces a huge financial challenge to meet tougher CO2 emissions limits that take effect in Europe in 2021. CEO Norbert Reithofer says the cost to comply will be in the billions. He is confident, however, that a new engine family will allow the automaker to meet its EU CO2 target and will also put it ahead of the competition.Reithofer, 58, also says that BMW is re-thinking how to stay ahead of Audi and Mercedes-Benz as the sales battle between the three premium brands heats up.
MHD vehicle market to nearly double by 2035
The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%.
