Tag Archives | BMW

BMW says “pay to use” models will challenge US auto industry

Major change seems underway in the auto industry, as BMW joins the list of those entering the car-sharing market with its DriveNow electric vehicles.  As BMW’s Tony Douglas noted at their launch: “Our core business in the ’70s was selling cars; in the ’80s, late ’70s came the great innovation of leasing and financing. Now […]

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Rolls Royce prices start to slide

BMW, the world’s largest luxury car manufacturer and owner of Rolls Royce motors, today abandoned its August forecast of record auto sales and a 4% operating margin for 2008. CEO, Norbert Reithofer, was in downbeat mood, saying that “the financial crisis is by no means behind us yet, particularly its impact on the real economy […]

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’2009 – another difficult year’ says BMW

BMW, the world’s largest luxury car manufacturer, warned today that it is no longer immune from the global downturn: ‘Business conditions for the automobile industry deteriorated sharply again in the second quarter due to further ongoing steep rises in oil and raw material prices, the weakness of the US dollar, the impact of the international […]

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