BMW

German automakers lose ground in China as local EV rivals surge

Mercedes-Benz sold just 1,153 electric CLA units in China in the first half of 2026, while Xiaomi delivered more than 80,000 of its similarly priced SU7 sedans in the same period. The stark contrast illustrates a deepening crisis for German…

BMW Q2 pretax profit drops 35% amid China slump and tariff drag

BMW Bayerische Motoren Werke AG reported a sharp decline in second-quarter pretax earnings on Thursday, with profit falling more than a third as the German premium carmaker grapples with collapsing demand in China, tariff headwinds, and foreign exchange pressures that…

Qualcomm closes $3.9B acquisition of AI firm Modular

Qualcomm announced on Wednesday that it has completed its acquisition of Modular Inc., the AI-native software infrastructure company founded by Chris Lattner, in a deal that reshapes the chipmaker's artificial intelligence strategy across data centers, edge computing, and consumer devices.

Qualcomm named BMW’s lead chip supplier through next decade

Qualcomm announced on Wednesday that it has signed a long-term agreement to supply chips for BMW Bayerische Motoren Werke AG future digital cockpit and automated driving platforms through the next decade, deepening a partnership that pits the chipmaker against rivals…

BMW to cut 8,000 jobs worldwide by end of 2027

BMW Bayerische Motoren Werke AG announced on Wednesday a voluntary severance programme that will eliminate around 8,000 positions worldwide by the end of 2027, making it the last major German automaker to launch a large-scale workforce reduction amid mounting pressures…

BMW bets on Neue Klasse EVs to reverse 30% China sales drop

BMW Bayerische Motoren Werke AG reported a 30% decline in China sales during the second quarter of 2026, deepening a two-year slide that has forced the German automaker to pin its recovery hopes on the Neue Klasse electric vehicle platform…

VW, BMW, Mercedes each lose 30%+ in China sales

Volkswagen, Mercedes-Benz, and BMW Bayerische Motoren Werke AG each suffered sales declines of at least 30% in China during the second quarter of 2026, as local electric vehicle competitors continue to outpace Europe's legacy automakers in the world's largest car…

VW deliveries post steepest drop since 2022 as China sales plunge

Volkswagen Group reported an 8.6% decline in global deliveries in the second quarter of 2026, marking its steepest quarterly drop since mid-2022, as a deepening sales collapse in China offset gains in North America and Europe.

BMW deploys Figure 03 robots as Figure AI’s fleet surpasses its human workforce

Humanoid robotics startup Figure AI has crossed a threshold that until recently belonged to science fiction: the company now has more robots than people on its payroll. Founder and CEO Brett Adcock announced on X this week that roughly 740…

VW CEO lays out sweeping restructuring at annual meeting

Volkswagen CEO Oliver Blume used the automaker's annual general meeting on Thursday to lay out a sweeping plan for the future, warning shareholders that rising geopolitical tensions, fierce competition, and trade barriers demand faster and deeper changes at Europe's largest…

Toyota wins 2026 Le Mans 24 Hours, ending Ferrari’s streak

The No. 7 Toyota TR010 Hybrid of Kamui Kobayashi, Mike Conway, and Nyck de Vries crossed the finish line on Sunday at the Circuit de la Sarthe to claim victory in the 94th running of the 24 Hours of Le…

BMW claims first WEC Hypercar win with 1-2 at Spa

BMW Bayerische Motoren Werke AG M Team WRT delivered a landmark 1-2 finish at the 6 Hours of Spa-Francorchamps on Saturday, claiming its first-ever FIA World Endurance Championship Hypercar victory and its first overall win in an ACO rules race…