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Tag: BMW

Apple hires former BMW exec to work on its electric car project

Apple has reportedly hired Ulrich Kranz, a former BMW vice-president and co-founder of electric startup Canoo, to work on its project to develop an electric car. The technology giant hired Kranz about...

Global chip drought hits Apple, BMW, Ford as crisis takes turn for the worse

The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the...

BMW profits sink as new tech costs climb

Frankfurt - BMW's net profit fell 29% to 1.48 billion euros (R23.6bn) in the second quarter from a year earlier, as profits were reduced by higher spending on revamping factories and...

BMW shares plunge over emissions investigation

BMW shares fell after the luxury carmaker warned of a probable first-quarter charge exceeding 1billion (R15.87bn) related to an EU investigation into alleged collusion by German automakers to delay the rollout...

BMW forced to pay former staff R55m

Automobile giant BMW’s property has been ordered to be publicly auctioned to recover nearly R55 million owed to former employees. David Mahlatsi and 1390 other former members of the BMW...

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In the years ahead, what is your ambition for your business?

Making the most out of your economic prime, needs focused attention and action. With this in mind, what is your medium or long-term ambition for...

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