(Bloomberg) –BMW AG plans to boost its investments in startups, as competition intensifies with new rivals including Tesla Motors Inc. over technologies that make cars smarter and more energy efficient. The luxury-vehicle maker will invest as much as 500 million euros through its iVentures capital fund over 10 years, Munich-based BMW said Monday in a Read More..
German carmakers BMW, Daimler, Audi and Porsche together with Ford MotorÂ agreed to cooperate on a fast-charging network for battery-electric vehicles along the continent’s major highways. The venture, which is open to other automakers, will build about 400 ultra-fast charging stations, beginning in 2017. The stations will use the combined charging system (CCS) standard, which offers Read More..
MUNICH — The auto industry’s commitment to change was clearly on display at this year’s Handelsblatt Automotive Summit, where the CEOs of the five Germany-based car companiesÂ laid out their strategies for the near and medium-term. The CEOs of Volkswagen Group, Daimler, BMW, Opel and Ford of Europe didn’t make any big news at the annual Read More..
For a long weekend away we decided to leave the car at home and use DriveNow to get to and from the airport. It was the first time I used BMWâ€™s DriveNow carsharing service for more than just a short distance in the city. Hereâ€™s a brief report on the experience: DriveNow cars â€“ and Read More..
Daimler started work on a second battery plant in Kamenz in eastern Germany Monday as itÂ prepares for expected strong growth in electric-vehicle sales. The premium car group said it will invest 500 million euros in Kamenz, part of a global investment of 1 billion euros in battery production. Daimler R&D boss Thomas Weber said at Read More..
Vodafone has joined a new alliance that promotes 5G connectivity as the new standard for the auto industry. The mobile operator said it is joining the 5G Automotive Association (5GAA) as the first network operator to participate. The group was formed in SeptemberÂ by automakers Audi, BMW and Daimler and telecommunications equipment and IT companies Ericsson, Read More..
PARIS — At the Paris auto show, BMW unveiled a variant of its i3 city car with an extended 300 km driving range. The premium brand also displayed an X2 concept. Ian Robertson, Â head of BMW Group sales and marketing, spoke to automotiveIT at the show about new mobility, the importance of car sharing and Read More..
BMW and Toyota Motor have teamed up with insurer Allianz to invest in Nauto, a Californian startup company that has developed technology toÂ accelerate the auto industry’s drive to develop autonomous cars. Nauto’s system, which lets fleet vehicles become part of a self-learning network, consists of an in-vehicle camera and sensor hardware, a smart network and Read More..
Toyota is the highest ranking automaker on Interbrand’s annual list of the Top 100 global brands, bestingÂ Mercedes-Benz and BMW, which came second and third, respectively. The brand consultancy named Apple, Google and Coca-Cola the three most valuable brands overall this year. Apple and Google were in the top positions for the fourth consecutive year. Automotive Read More..
Three German automakers have joined forces with telecommunications and IT companies to accelerate the commercial availability of 5G mobile connectivity. The automakers – Audi, BMW and Daimler – have formed the “5G Automotive Association” together withÂ Ericsson, Huawei, Intel, Nokia and Qualcomm. The group’s aim is to test and promote 5G and agree on standards for Read More..