The latest wave of design and engineering centers set up by Chinese automakers across Europe is aimed at gaining prestige, better understanding market requirements, learning the complicated ins and outs of homologation and forging ties with new suppliers.
Observers suspect that the top job at BMW is cursed. Seemingly without exception a failed CEO always follows a successful one. Bernd Pischetsrieder followed Eberhard von Kuenheim, Helmut Panke bowed out after Joachim Milberg and now Harald Krueger is departing after Norbert Reithofer.
VW said its ID3 will be an electric car "for the millions and not the millionaires." But the ID3 will not be immediately become a car for the masses because the launch edition of the Golf-sized hatchback costs more than the entry version of the midsize Passat.