Norbert Reithofer

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 »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Race for luxury lead heats up

April 2, 2013 06:01 CET
Audi and Mercedes are both vying to be the world's No. 1 luxury brand as the race heats up to topple BMW from the top position. The three premium giants not only want to lead with the most sales, but also in profitability and with the desirability of their products.... Read More »

 

LUCA CIFERRI

BMW needs to adapt its retirement policy to changing times

12:01 am U.S. ET | March 28, 2013
BMW plans to raise the mandatory retirement age for its top management to 62 from 60 but the company isn't going far enough if it wants to keep the expertise of long-serving executives.... Read More »

 

AUTOMAKERS

BMW may get rid of its retire-at-60 rule

March 27, 2013 06:01 CET
Age 62 soon may be the new 60 for BMW's top executives, including CEO Norbert Reithofer.... Read More »

 

FINAL ASSEMBLY

BMW may get rid of its retire-at-60 rule

12:01 am U.S. ET | March 25, 2013
Age 62 soon may be the new 60 for BMW's top executives, including CEO Norbert Reithofer.... Read More »

 

COMPANY EARNINGS

BMW forecasts flat 2013 profit on Europe decline

March 19, 2013 11:34 CET
BMW forecast unchanged 2013 pretax profit as European auto sales drop and the automaker increases spending to bring out 25 new models in the next two years. Pretax profit climbed 6 percent to 7.82 billion euros ($10.1 billion) in 2012.... Read More »

 

ELECTRIC CARS

BMW details driving range of i3 EV

March 19, 2013 13:32 CET
BMW says its i3 EV, which will begin sales in Europe, the United States and China this year, can cover up to 220 kilometers (136 miles) on a single battery charge, which can be extended up to 350 kilometers using an optional range extender.... Read More »

 

VW, BMW predict 'difficult' 2013 on Europe slump, China slowdown

March 15, 2013 06:01 CET
VW Group and BMW Group predicted a "difficult" 2013 as the European auto market contracts, vehicle prices in the region drop and growth in China slows. VW CEO Martin Winterkorn said the automaker is confronting "tougher competition and difficult economic conditions." BMW CEO Norbert Reithofer sees conditions as "likely to remain challenging in many markets."... Read More »

 

BMW appoints ex-Audi sales chief Schwarzenbauer chief of Mini, Rolls

8:26 am U.S. ET | March 14, 2013
BMW Group has hired Peter Schwarzenbauer, the former Audi sales chief, to head its Mini and Rolls-Royce brands and named Harald Krueger as its new head of production. Krueger succeeds Frank-Peter Arndt, who is leaving the company due to health reasons.... Read More »

 

BMW 2012 profit gains as China demand offsets Europe drop

March 14, 2013 12:49 CET
BMW reported a 3.5 percent gain in 2012 profit as demand for the new 3-series sedan in China and the U.S. more than offset a market downturn in Europe. Earnings before interest and taxes rose to 8.3 billion euros ($10.7 billion) from 8.02 billion euros a year earlier.... Read More »

 

BMW names ex-Audi sales chief Schwarzenbauer boss of Mini, Rolls

March 14, 2013 14:26 CET
BMW Group has hired Peter Schwarzenbauer, the former Audi sales chief, to head its Mini and Rolls-Royce brands and named Harald Krueger as its new head of production. Krueger succeeds Frank-Peter Arndt, who is leaving the company due to health reasons.... Read More »

 

BMW's 2012 profits edge up as U.S., China offset Europe slump

6:49 am U.S. ET | March 14, 2013
BMW reported a 3.5 percent gain in 2012 profit as demand for the new 3-series sedan in China and the U.S. more than offset a market downturn in Europe. Earnings before interest and taxes rose to $10.7 billion, the company said today. BMW is targeting a third consecutive year of record deliveries in 2013.... Read More »

 

BMW shrugs off Europe market decline as Daimler seeks capacity

March 6, 2013 06:01 CET
BMW and Daimler are shrugging off the European auto-market decline as sales growth in China and the United States pushes their luxury-car production to maximum rates.... Read More »

 

Carmakers warn of weak European market for years to come

March 5, 2013 12:38 CET
New-car sales in Europe are at the low end of expectations and the market is likely to remain shaky for at least five years as the region implements austerity measures to cut its debts, industry executives warned on Tuesday.... Read More »

 

Toyota, BMW sign agreement for fuel-cells, sports car

Jan. 24, 2013 10:59 CET
Toyota and BMW are tightening technical ties with plans to jointly develop a sports car platform, lithium-air batteries and new lightweight materials.... Read More »

 

BMW chairman to stay on board until 2016, source says

Jan. 17, 2013 06:01 CET
BMW Chairman Joachim Milberg will remain in his post until 2016, a source said, so he can be succeeded by current BMW CEO Norbert Reithofer during that year.... Read More »

 

BMW to reduce discounts in Germany, report says

Jan. 6, 2013 06:01 CET
BMW will cut back on sales discounts in Germany and focus on maintaining profit margins rather than market share, CEO Norbert Reithofer said.... Read More »

 

GREEN CARS

BMW pushes ahead with EVs, green technology

Nov. 12, 2012 06:01 CET
At a time of retrenchment in electric vehicles and alternative powertrains, BMW CEO Norbert Reithofer reaffirmed his company's commitment to new technology, particularly electric drive.... Read More »

 

DAVE GUILFORD

BMW pushes ahead with EVs, green technology

12:01 am U.S. ET | Nov. 12, 2012
This is a time of retrenchment in electric vehicles and alternative powertrains. Entrepreneurs are flaming out and major automotive players are quietly putting their more adventuresome technologies on the back burner. But that's not universally true Dave Guilford is enterprise editor of Automotive News.... Read More »

 

BMW Q3 profit rises 14% as China growth offsets Europe slump

Nov. 6, 2012 08:34 CET
BMW Group reported a 14 percent gain in third-quarter profit as growth in China helped offset a market downturn in Europe. Earnings before interest and taxes rose to 2 billion euros ($2.56 billion) from 1.76 billion euros a year earlier, the company said in a statement today.... Read More »

 

Mini uses Olympics to defend global market share

Aug. 6, 2012 10:17 CET
BMW is featuring Mini in its sponsorship of the Olympics as part of a bid to polish the brand's sporty image and defend its profit from mounting competition.... Read More »

 

BMW counts on Web to help recoup spending on EVs

July 27, 2012 06:01 CET
BMW will sell cars over the Web for the first time as the world's largest maker of luxury vehicles seeks an inexpensive way to reach more buyers to recoup spending on its electric models.... Read More »