BMW assembly operations starts officially in Egypt

Thu, 19 Jan 2023 - 09:09 GMT

CEO of Global Auto, Mohamed Kandil, revealed the start of assembling BMW X models in Egypt, which belongs to the SUVs category, starting with the X5 40 model.

BMW management and labor reach agreement to cut costs

Wed, 27 Nov 2019 - 12:05 GMT

BMW (BMWG.DE) management and labor have reached an agreement on measures to reduce costs that avoids “drastic measures”, the German carmaker said on Wednesday.

Brilliance to invest $120 in reassembling cars in Egypt

Thu, 25 Jul 2019 - 08:50 GMT

The company will begin temporarily manufacturing on BMW assembly lines, which is the parent company of Brilliance, until a new plant is built.

BMW's hybrid cars to switch to electric only mode in polluted cities

Tue, 25 Jun 2019 - 10:11 GMT

BMW’s efforts to optimize the environmental impact of hybrid cars comes as the auto industry struggles to sell purely electric vehicles.

BMW to settle customs dispute by paying LE 55M to Egypt

Wed, 17 Apr 2019 - 01:19 GMT

The Ministry of Finance is about to sign the agreement with the German company, which will get the company to send the list of prices for approval at customs outlets.

Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW

Mon, 03 Dec 2018 - 09:33 GMT

Trump’s tweet did not give any further detail about the tariff cuts, such as when the deal had been reached or a new level for the Chinese levies.

BMW recalls over 1 mn cars over exhaust system fire risk

Tue, 23 Oct 2018 - 10:50 GMT

German high-end carmaker BMW said Tuesday it would recall more than one million additional diesel cars.

BMW drives to cut battery costs, share costs on autonomous vehicles

Sun, 16 Sep 2018 - 08:26 GMT

BMW management board member Klaus Froehlich said automakers and large suppliers are beginning to discuss how to agree on one standard for autonomous-vehicle systems.

German carmakers join American farmers on front line of U.S.-China trade war

Fri, 22 Jun 2018 - 05:40 GMT

An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war..

BMW says May sales of BMW, Mini vehicles dip due to China tariffs

Tue, 12 Jun 2018 - 09:02 GMT

BMW (BMWG.DE) said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German.

BMW CEO: still seeking partnership with China's Brilliance

Wed, 25 Apr 2018 - 07:48 GMT

Harald Kruger, speaking at the auto show in Beijing, said he preferred a 50-50 joint venture but added the ownership levels had not been decided yet.

Business news wrap-up

Mon, 27 Nov 2017 - 07:22 GMT

A wrap-up of the most prominent business news of the day.

BMW to spend 6.5-7 percent of sales on R&D in 2018: CFO in Handelsblatt

Mon, 27 Nov 2017 - 09:27 GMT

German carmaker BMW (BMWG.DE) will further raise its spending on research and development next year, to 6.5 to 7 percent of sales.

Egyptian delegation visits Germany for automotive sector

Mon, 13 Nov 2017 - 09:58 GMT

A number of 10 companies are taking part in the mission, the Engineering Export Council said.

EU raids automaker BMW in massive cartel case

Fri, 20 Oct 2017 - 03:27 GMT

EU anti-trust regulators have raided the offices of BMW in Munich, the company said, a fresh blow to the German car industry already hit by the Dieselgate scandal.

BMW eyes China joint venture with Great Wall

Wed, 11 Oct 2017 - 11:20 GMT

German luxury automaker BMW (BMWG.DE) is looking to form a joint venture with Great Wall Motor (2333.HK)

BMW to build new 8 series at German Dingolfing plant from 2018

Sun, 24 Sep 2017 - 08:03 GMT

Carmaker BMW (BMWG.DE) plans to build its new 8 series model at its plant in the southern German town of Dingolfing from 2018.

BMW says car keys may be replaced by mobile phone apps

Sat, 16 Sep 2017 - 11:06 GMT

BMW (BMWG.DE) is reviewing the necessity of car keys, Ian Robertson, the company’s board member responsible for sales told Reuters.

Leishman stretches lead at BMW Championship

Sat, 16 Sep 2017 - 10:19 GMT

Marc Leishman fired eight birdies in a seven-under 64 on Friday to stretch his lead in the BMW Championship to three strokes.

Mohammed Al Husseiny challenges Down syndrome, crosses Manch

Fri, 11 Aug 2017 - 01:02 GMT

The Egyptian swimmer Mohamed Al Husseiny prepares to enter Guinness World Records to be the first with special abilities “Down Syndrome” to cross the Manch.