BMW

BMW aims to reignite US car sales

Detroit - Muslimchronicle

BMW, which has been losing ground in the US luxury market to Mercedes, is hoping to turn the tide with a spate of new SUV offerings. At the Detroit Auto Show Monday, the Bavarian auto giant presented for the first time its new model X2, a smaller SUV -- part of a series of six new and upgraded SUV modelsRead more

Car bomb wounds Hamas official in south Lebanon

Sidon - Muslimchronicle

An official of the Palestinian Islamist movement Hamas was wounded on Sunday in a car bomb blast in Lebanon's southern port city of Sidon. Hamas's Lebanon branch named the wounded man as its "staff member" Mohammed Hamdan. "The blast wounded his leg, destroyed his car and damaged the building. Preliminary evidence points to Zionist (involvement) behind this crime," it saidRead more

Car bomb wounds Hamas official in Lebanon

Sidon - Muslimchronicle

An official in the Palestinian Islamist movement Hamas was wounded in a car bomb blast in southern Lebanon on Sunday, military and medical sources told AFP. "A bomb placed in a BMW in Sidon detonated, wounding Hamas official Mohammed Hamdan," a military source said. An AFP journalist in Sidon saw the burnt-out vehicle in a parking lot. A medical sourceRead more

BMW drives to new sales record

Berlin - Muslimchronicle

German high-end carmaker BMW said Friday it booked record sales for the seventh year in a row in 2017, but continued to trail rival Mercedes-Benz. The Munich-based group said in a statement that sales of its core BMW-brand cars rose by 4.2 percent to almost 2.1 million last year. Growth was primarily driven by the strong performance of its X-series SUVs andRead more

US tax reform promises big income

Berlin - Muslimchronicle

German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings. The controversial tax overhaul signed into law Friday by billionaire President Donald Trump will slash the US corporate tax rate from 35 percent to 21 percent. As a result, Daimler projected its net income toRead more

German prosecutors probe BMW diesel

Berlin - Muslimchronicle

German prosecutors on Thursday said they have opened a preliminary inquiry into allegations that luxury carmaker BMW (EUREX: BMWE.EX - news) used a defeat device to cheat diesel emissions tests in at least one of its models. It comes after environmental group DUH this week said tests carried out on a 2016 BMW 320d showed the car emitted higherRead more

Urban, young and active?

Detroit - Muslimchronicle

BMW has unveiled its X2 compact SUV model hoping that it will appeal to a young generation of buyers seeking dynamic drives when it is launched in the markets in March. The company describes the X2 as a lifestyle crossover and says it appeals primarily to urban groups of active young and young-at-heart individuals. The X2 will compete in aRead more

BMW more confident despite Q3 slowdown

Frankfurt am Main - Muslimchronicle

German car giant BMW (EUREX: BMWE.EX - news) fell short of expectations in the third quarter as spending on new models weighed on earnings Tuesday, but the luxury automaker still lifted its performance targets for the full year. Between July and September, net profit at the group shrank 1.8 percent year-on-year to 1.8 billion euros ($2.1 billion), well short ofRead more

BMW says recalling around 1 mln cars

Frankfurt am Main - Muslimchronicle

German luxury carmaker BMW on Friday said it was recalling "approximately one million vehicles" in North America over two separate problems that posed fire risks, and did not rule out that more countries may be affected. The first voluntary recall affects certain BMW 3 Series models from 2006 to 2011, the company said in a statement. The issue is relatedRead more

Carmakers charge toward electric future

Frankfurt - Muslimchronicle

A group of major automakers plans to open hundreds of fast-charging stations for electric cars in Europe in coming years and use a common plug technology in what they hope will be a big step toward mass acceptance of battery-powered vehicles. BMW, Daimler, Ford and the Volkswagen Group with its Audi and Porsche brands have equal shares in the venture,Read more