Norbert Reithofer

BMW's Spartanburg plant will be company's biggest

1:00 pm U.S. ET | March 28, 2014
BMW is investing $1 billion in its Spartanburg, S.C., factory by 2016 to expand capacity by 100,000 units and add production of a fifth crossover, the X7 -- making the plant its biggest worldwide.... Read More »


BMW's U.S. factory will be company's biggest global car plant after adding X7 crossover

March 28, 2014 19:00 CET
BMW is investing $1 billion in its U.S. factory to expand capacity by 100,000 units and add production of a fifth crossover, the X7 -- making the plant its biggest worldwide.... Read More »


BMW's finance chief sees risks to group's Russia business

March 20, 2014 11:58 CET
BMW CFO Friedrich Eichiner said any worsening of the crisis between Ukraine and Russia would jeopardize the company's outlook.... Read More »


BMW sees annual output of 100,000 units for its 'i' electric range

March 19, 2014 16:03 CET
BMW says it may build more than 100,000 units a year of its 'i' range of battery-powered cars by 2020 to help meet tougher CO2 emissions regulations.... Read More »


BMW targets significant profit gain lifted by new models

March 19, 2014 12:43 CET
BMW Group forecasts ''significant'' gains in 2014 profit as new models like the 4-series Gran Coupe and i8 plug-in hybrid sports car propel record deliveries.... Read More »


BMW aims to sell a record 2 million cars this year

March 14, 2014 11:57 CET
BMW Group aims to sell a record 2 million cars or more this year, up from 1.96 million in 2013, as the automaker benefits from record deliveries in China and the U.S.... Read More »


BMW Group posts Q4 profit gain on 3-series demand

March 13, 2014 13:29 CET
BMW Group reported a surprise 4 percent gain in fourth-quarter profit because of strong demand for the 3 series. CEO Norbert Reithofer forecasts a new all-time high for vehicle sales in 2014.... Read More »


BMW targets 2 million car sales this year on China, U.S. gains

March 5, 2014 10:46 CET
BMW Group plans to sell more than 2 million vehicles this year as demand grows in China and the U.S. and the automaker pushes to stay ahead of Audi and Mercedes in global brand sales.... Read More »


BMW i3 buyers face six-month wait for their cars

Jan. 31, 2014 06:01 CET
BMW i3 buyers face a six-month wait to receive the electric car because of high demand.... Read More »


BMW said to mull first engine plant in U.S. or Mexico

Dec. 11, 2013 12:04 CET
BMW is said to mull building engines in the United States or Mexico for the first time and expanding vehicle production in the region to capitalize on growing demand.... Read More »



BMW has high hopes for i3

Dec. 6, 2013 06:01 CET
BMW is bullish on the market potential for the i3 EV, the first model from its i subbrand. The automaker said orders for the i3 topped 10,000 even before sales started last month in Germany.... Read More »


BMW and PSA will review engine alliance next year, Reithofer tells paper

Dec. 2, 2013 10:32 CET
BMW and PSA/Peugeot-Citroen will review their partnership on small gasoline engines next September, BMW CEO Norbert Reithofer told a French newspaper.... Read More »


BMW i3 pioneers use of carbon fiber in mass-produced cars

Nov. 16, 2013 06:15 CET
BMW is breaking new ground with its extensive use of carbon fiber in the i3 electric car. The move represents the biggest shift in automobile production since at least the 1980s when the first all-aluminum car frames were made.... Read More »



BMW indirectly controls its carbon fiber partner

6:40 am U.S. ET | Oct. 29, 2013
BMW CEO Norbert Reithofer was correct when he said this week the automaker doesn't need a bigger stake in SGL. What he didn't say is the reason why: BMW already indirectly controls the carbon fiber supplier.... Read More »


BMW joins VW in public support of German electric-vehicle goal

Oct. 29, 2013 06:01 CET
BMW has joined VW in backing the German government's goal to have 1 million electric cars on the country's roads by 2020.... Read More »


BMW CEO says automaker has no plans to raise stake in SGL

Oct. 29, 2013 06:01 CET
BMW does not intend to increase its stake in SGL Group, the carbon fiber materials supplier the automaker works with to create the passenger cabin for its i3 electric car and its i8 plug-in hybrid.... Read More »


BMW plans front-wheel-drive 1-series sedan

6:07 am U.S. ET | Sept. 26, 2013
BMW plans a front-wheel-drive 1-series sedan as a rival to the Audi A3 sedan and the Mercedes CLA.... Read More »


BMW plans to build front-wheel-drive 1-series sedan

Sept. 26, 2013 12:07 CET
BMW plans a front-wheel-drive 1-series sedan as a rival to the Audi A3 sedan and the Mercedes CLA.... Read More »


BMW will fix supply-chain delays by month's end, execs say

Sept. 11, 2013 06:01 CET
BMW says it will resolve a supply chain problem that has delayed the global delivery of spare parts to some customers by the end of this month.... Read More »


BMW said to let PSA cooperation on engines expire after 2016

Sept. 4, 2013 11:34 CET
BMW and PSA will end cooperation on small gasoline engines when the project agreement lapses in 2016, a person familiar with the matter said.... Read More »


BMW's Reithofer sees western Europe car market staying tough well into 2014

July 16, 2013 12:49 CET
BMW CEO Norbert Reithofer says he does not see a pick up in the western European car market before the second half of 2014.... Read More »


BMW's Reithofer tells Germans to embrace EVs

May 15, 2013 06:01 CET
BMW CEO Norbert Reithofer told his fellow Germans to set aside their worries and embrace EV technology as the carmaker gears up to launch the i3 electric city car.... Read More »


BMW CEO raps EU calls for stiffer car emissions goals

May 14, 2013 13:25 CET
BMW CEO Norbert Reithofer criticized calls by European Union lawmakers for tougher fuel efficiency goals by 2025, warning their demands would hurt the European industry in competition with the United States and China.... Read More »


BMW seeks third straight sales record as new models offset weak Europe

May 14, 2013 10:49 CET
BMW stuck to its goal of setting a sales record for the third consecutive year as new models help offset a slump in Europe.... Read More »


BMW CEO says Europe needs at least 5 years to solve debt crisis

May 2, 2013 11:16 CET
BMW's boss expects European governments to need at least five more years to overcome the region's protracted debt crisis. "I don't think that's a pessimistic assumption," CEO Norbert Reithofer said on Thursday during a conference call to discuss first-quarter results.... Read More »


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