Norbert Reithofer

BMW's expansion in N. America will counter cooling China

March 21, 2015 06:01 CET

BMW's decision to add a car plant in Mexico was motivated by a desire to reduce its reliance on the cooling Chinese market, CEO Norbert Reithofer said. BMW plans to build up to 150,000 cars a year at a new factory in Mexico starting in 2019....
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LUCA CIFERRI

BLOG: China and cutting CO2 tough tasks for incoming BMW CEO Krueger

7:15 am U.S. ET | March 19, 2015

BMW CEO Norbert Reithofer sees China and CO2 emissions as the biggest challenges facing incoming chief Harald Krueger when he takes over the top job from Reithofer on May 15....
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BMW CEO signals core brand may lose luxury lead

March 18, 2015 14:14 CET

BMW may surrender its position as the No. 1 global premium brand by unit sales to rival Audi, although it will retain the title if sales of Mini are included, CEO Norbert Reithofer said. A push by competitors such as Audi into areas of subcompact cars, a segment where BMW does not offer a vehicle, is making it harder to retain the title, Reithofer said....
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BMW's sales crown scrutinized as profits shrink, rivals catch up

March 17, 2015 15:58 CET

BMW's record car sales have meant big profits that have funded incentives and investment in new technologies. But competitors are catching up and profits are shrinking. Some industry observers are wondering if the "sales grow, profits look after themselves" formula still works....
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BMW names ex-Mini plant boss next production chief

March 12, 2015 14:15 CET

BMW Group has promoted manufacturing expert Oliver Zipse to succeed incoming CEO Harald Krueger as head of production. Zipse has held senior posts in product strategy and technical planning and previously served as head of Mini's UK plant....
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BMW profit rises 14% on X5, 2-series demand

March 12, 2015 13:08 CET

BMW said profit increased 14 percent to 9.12 billion euros ($9.66 billion) last year as the X5 SUV and 2-series Active Tourer compact minivan helped drive record sales. The automaker's profit margin widened to 9.6 percent of revenue from 9.4 percent in 2013....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, VW changes shake up Germany's top auto ranks

March 11, 2015 06:01 CET

When Harald Krueger becomes CEO at BMW Group and Herbert Diess takes over as boss of the VW brand this year, four of the six heads of Germany's biggest automotive brands will be in their early or mid-50s, marking a generational shift for the industry....
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BMW CEO Reithofer sees challenges mounting for his successor

March 4, 2015 21:46 CET

The new boss of BMW Group, Harald Krueger, will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, the company's outgoing CEO, Norbert Reithofer, said....
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Auto bosses say billions in savings at stake if EU-U.S. trade deal fails

Jan. 28, 2015 19:41 CET

The CEOs of Germany's top auto companies said Wednesday that they could save roughly 5 billion euros in annual costs if the European and U.S. governments can agree on a landmark free trade deal....
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BMW's designated CEO Krueger will usher in new era at automaker

Dec. 10, 2014 10:58 CET

BMW's designated CEO Harald Krueger is seen as an executive who commands respect among colleagues as a "straight shooter, a good motivator and a good speaker," according to one analyst, and by another as likely to start "a new era" at the automaker.....
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BMW names Krueger next CEO, Reithofer new chairman

Dec. 9, 2014 10:33 CET

BMW CEO Norbert Reithofer will step down in May, one year early, and hand over his post to production chief Harald Krueger. Reithofer will succeed Joachim Milberg as chairman of the company's supervisory board....
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LUCA CIFERRI

BLOG: BMW's manufacturing arm also produces future leaders

6:44 am U.S. ET | Dec. 9, 2014

BMW's manufacturing arm not only builds great cars -- it also produces the company's future leaders, as the appointment of Harald Krueger to succeed CEO Norbert Reithofer shows....
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LUCA CIFERRI

BLOG: BMW's manufacturing arm also produces future leaders

6:44 am U.S. ET | Dec. 9, 2014

BMW's manufacturing arm not only builds great cars -- it also produces the company's future leaders, as the appointment of Harald Krueger to succeed CEO Norbert Reithofer shows....
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BMW CEO to join Siemens supervisory board, report says

Nov. 20, 2014 15:46 CET

BMW CEO Norbert Reithofer will be nominated to join the supervisory board of German engineering company Siemens, German monthly Manager Magazin said, without citing sources....
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LUCA CIFERRI

BLOG: Reithofer's vision made U.S. plant into a global giant

12:01 am U.S. ET | Oct. 11, 2014

BMW CEO Nortbert Reithofer has transformed the automaker's U.S. factory into one of the world's largest SUV production hubs....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET

Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there....
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CHRISTIAAN HETZNER

BLOG: With its new minivan, BMW ditches rwd for practicality

12:01 am U.S. ET | July 20, 2014

Even BMW has to obey the laws of physics: a rwd car that is compact yet roomy is a paradox. But for traditional fans of the brand, the fwd 2-series Active Tourer is nothing less than a heresy on wheels....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW CEO sees billion-euro challenge to meet EU's CO2 target

July 8, 2014 06:15 CET

BMW CEO Norbert Reithofer says the cost to meet tougher EU CO2 limits due in 2021 will cost the carmaker billions of euros, but he's confident that a new engine family will allow the automaker to achieve the target....
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Check out the ANE e-magazine for July

July 7, 2014 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at the challenges facing Volkswagen Group as it tries to become the world's largest automaker....
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BMW will decide on location of 2nd N.A. factory before summer break, CEO says

June 25, 2014 13:11 CET

BMW is still deliberating on where to locate a new factory in North America but will reach a decision before the summer break, CEO Norbert Reithofer said....
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BMW plans multi-billion cost cuts to maintain profitability, report says

June 18, 2014 13:55 CET

BMW CEO Norbert Reithofer has hired management consultants from McKinsey to help draw up cost cuts aimed at saving between 3 billion to 4 billion euros a year, a German business magazine said....
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Q&A: NORBERT REITHOFER, BMW CEO

BMW's big workload: New segments, growing lineups

12:01 am U.S. ET | June 2, 2014

BMW will continue to enter new segments as it expands its lineup of X-model crossovers, says CEO Norbert Reithofer. The group also will add vehicles using its new front-wheel-drive platform -- both for BMW and Mini....
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BMW sees 2014 as year of growth opportunities for auto industry

May 15, 2014 11:42 CET

BMW Group expects global demand for cars to rise this year, underpinning its goal to sell a record number of vehicles in 2014....
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BMW Group Q1 profit rises 3% on SUVs

May 6, 2014 10:42 CET

BMW Group reported a 3 percent rise in first-quarter profit as increasing demand for its SUVs helped offset spending on expansion. Revenue gained 4 percent to 18.2 billion euros....
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