BMW CEO Harald Krueger is stepping down after a four-year tenure in which the automaker lost its lead in luxury car sales and saw an early head start in electric vehicles evaporate. Friday’s news comes after BMW lost money on its automotive business in the first quarter of the year after the company was hit…
BMW and Daimler are putting more than $1 billion into a joint venture that will develop ride-sharing, charging and parking services. The rival German carmakers announced the investment in Berlin, describing their mobility business as a “global game changer” that could help fend off challenges from upstarts including Uber. “Our mobility services have developed a…
BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. BMW has become one of the first foreign companies to be granted a ride-hailing operating license in China. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan…
