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China’s BYD to manufacture cars in Hungary
BYD already has operations in Hungary, including an electric bus factory.
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BMW Q3 profit drops 7.7%
The company's Q3 net profit stood at $3.1 billion. -
BMW to make ‘multi-million’ pound investment in UK plants: govt
The first generation of the iconic British vehicle's electric model was launched at the Oxford plant in 2019, but last year BMW announced most of its electric cars would be made in China. The investment is expected to be used to make the plant fit for making electric vehicles, with... -
Tesla, Chinese EV brands jostle for limelight at German fair
Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon. -
BMW to put in $218m in S Africa
BMW's Pretoria plant has made over 1.6 million vehicles. -
Top car brands adopt sustainable mobility
Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable design, end-of-life considerations, and incorporating recyclable materials, say experts. -
BMW Q1 net profit at $4.1bn Â
The firm says sales declined in Europe and China. -
China leads in transition from petrol to EVs
According to the China Association of Automobile Manufacturers, electric vehicles made up 25 percent of car sales in the country in 2022, a year-on-year increase of 94 percent. -
VW to cut e-car prices
The price drop is seen as a direct response to cuts by Tesla. -
Rolls-Royce sells record cars
Sales last year advanced eight percent to a record 6,021 cars. -
Auto industry races into metaverse at CES technology show
Las Vegas, United States--Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a "virtual" car lot, or an engineer to simulate how a new part fits: the auto industry is getting a tantalizing taste of the metaverse at the huge CES technology show.... -
Saudi Arabia’s first electric vehicle brand Ceer launched by Crown Prince
Ceer will design, manufacture and sell a range of vehicles in Saudi Arabia and the MENA region, including sedans and sports utility vehicles. The company, which is a joint venture between PIF and Hon Hai Precision Industry (Foxconn), will license component technology from BMW for use in the vehicle development... -
BMW Q3 net profit US$3.1bn
Profit was due to high demand for pricier luxury models. -
Volkswagen profits slip by 26 percent in third quarter
Bottomline took a hit from Russia production halt -
Sustainability key focus of GCC automotive industry
Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says a key BMW Group Middle East official. -
BMW profits slide as China lockdowns hit production
BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply and weighing on the industry. -
Sustainability drives region’s luxury car demand
UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars, Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS.