No Reserve Automatic Smoke Free Clean Garage Kept on 2040-cars

Auto blog

BMW negotiates Daimler alliance, buys out car-service partner Sixt

Sixt sells its stake in DriveNow car-sharing to BMW BMW in talks with Daimler to combine car-sharing Combining car-sharing business to aid robotaxi plans FRANKFURT — Germany's BMW has bought out partner Sixt from their joint venture DriveNow, paving the way for a broader car-sharing and driverless taxi alliance with Daimler to compete against Uber and Lyft. Car rental company Sixt said on Monday it would generate an extraordinary pre-tax profit of about 200 million euros ($248 million) in 2018 from the sale of the DriveNow stake to BMW for 209 million euros. "With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services," said Peter Schwarzenbauer, BMW's board member for Digital Business Innovation. "Our experience with mobility services supports our development of future autonomous, electrified and connected fleets," he said, adding that BMW aims to have 100 million customers for "premium mobility services" by 2025. The Sixt deal comes as BMW moves closer to a deal to combine its car-sharing services with Daimler's Car2Go, a person familiar with the discussions told Reuters last week. The German carmakers want to build a joint business that includes car sharing, ride-hailing, electric vehicle charging, and digital parking services, a senior executive at one of the companies said on Monday. Mercedes-Benz parent Daimler and BMW declined comment on the status of potential talks on their car-sharing business. "This is speculation, we do not comment," BMW said. The senior executive, who declined to be named because the plan is not public, said: "This will create an ecosystem which can also be used for managing robotaxi (driverless taxi) fleets." BMW would contribute its ParkNow and ChargeNow businesses to the common company, the executive said, adding that there were still differences of opinion over the valuation of Car2Go. The market for ride-hailing services currently makes up around 33 percent of the global taxi market, and could grow eightfold to $285 billion by 2030, once autonomous robotaxis are in operation, Goldman Sachs said in a recent research note. BMW and Daimler are now working on developing autonomous cars, vehicles which could enable them to up-end the market for taxi and ride-hailing services.

BMW builds awesome M4 GTS safety car and racing wheelchair

BMW has developed two very different, but equally impressive wheeled vehicles recently. The first is the new M4 GTS Safety Car, specially prepared to serve Germany's popular and highly competitive DTM touring car series. It packs 500 horsepower and trick water-injection tech, just like the other 700 road-going examples of the GTS. Unlike the street version, it features key upgrades like special LED lighting, radio communication equipment, and special livery, as well as the no-cost optional Clubsport pack that includes six-point racing harnesses, roll cage, and fire extinguisher. The other new BMW doesn't have an engine, but is highly impressive nonetheless. It's a racing wheelchair created by BMW DesignWorks. Stemming from the automaker's partnership with the United States Olympic Committee, it features carbon-fiber construction and has been streamlined for aerodynamic efficiency. Members of the US Paralympics Track and Field team will help further develop the wheelchair before using it at the upcoming games in Rio de Janeiro. We wouldn't be surprised if longtime BMW driver Alex Zanardi helped in its development as well, even if he'll be competing for Italy at the Paralympic Games this year. Related Video: New high-performance special model BMW M4 GTS to be employed as a safety car at the DTM in 2016. Special models from the BMW M's mid-range series with even better performance and radically designed for high-level driving dynamics have enjoyed a lasting tradition at BMW M Division for decades now. The latest example is the BMW M4 GTS. BMW M has opted for a particularly spectacular way of drawing the public's attention: The BMW M4 GTS is to become the official DTM safety car during the 2016 season. Munich , 28th April 2016. Special models from the BMW M's mid-range series with even better performance and radically designed for high-level driving dynamics have enjoyed a lasting tradition at BMW M Division for decades now. The latest example is the BMW M4 GTS, which is limited to 700 units (combined fuel consumption: 8.5 l/100 km; combined CO2 emissions: 199 g/km)*. In order to provide formidable proof of this elite sports car's outstanding performance qualities, BMW M has opted for a particularly spectacular way of drawing the public's attention: The BMW M4 GTS is to become the official DTM safety car during the 2016 season. The demands on such a lead car at the most popular international touring car series are high.

BMW looking to save billions with cost cuts

BMW is planning a fairly extensive overhaul in a bid to recoup some its annual costs, with CEO Norbert Reithofer (pictured above) aiming to save three to four billion euro ($4 to $5.4 billion) per year to help keep the company's profit margins between eight and 10 percent, while also maintaining investments in production expansion and new tech. BMW's profit margins sat at 9.4 percent in 2013.
According to Automotive News Europe, Reithofer is none too pleased about costs at Mini and on the 1 Series, although neither AN nor its source story, from Germany's Manager Magazin, elaborate on what steps could be taken to improve losses on either project. That makes it hard to figure out just where the fat will be trimmed from.
What may happen, though, is that BMW attempts to trim 100 million euros ($135 million) from its German labor costs each year; a solution hinted at a few weeks ago by Germany newspaper Muenchner Merkur. While a dramatic cost reduction, 100 million euros still doesn't begin to even approach the savings envisioned by Reithofer.