BMW Buying Out Brilliance Automotive in China, Adding Capacity for U.S.

Now that China has relaxed its joint-ownership mandates, BMW has announced that it will procure a majority stake in its venture with Brilliance Automotive. The German firm will be the first foreign automaker to have majority control of its business in the region.

Being first will not come cheaply, however. It will cost BMW $4.2 billion to assume control with a majority stake of 75 percent of the business — albeit as part of a larger deal. All the manufacturer has to do is come up with the funds and wait until 2022, when rules limiting foreign ownership for all Chinese auto ventures are officially lifted.

Read more
2018 BMW X3 Is Supposed to Become the Segment Sales Leader, but It's Priced Higher Than Key Competitors

Munich HQ has huge expectations for the third-generation BMW X3. The X3, after all, was the vehicle that ignited the compact luxury SUV craze, the vehicle that spawned competitors such as the Audi Q5, Acura RDX, Mercedes-Benz GLK/GLC, Volvo XC60, Lexus NX, and Porsche Macan. Surely the X3 has the power, the might, the capacity for sales domination, right?

“We created that segment,” BMW CEO Harald Krueger said in July. “The No. 1 approach and target I clearly have is, there shouldn’t be anyone besides us who is No. 1.”

“If somebody on my team is not performing to that, well, he has a problem,” Krueger says, making clear to BMW USA’s Bernhard Kuhnt that greater global production of the X3 will mean greater allocation, which had better mean greater U.S. sales.

BMW will not, however, seek to achieve the lofty sales goals by introducing the 2018 X3 with a price that undercuts its key rivals.

Read more
The Third-generation BMW X3 Absolutely Must Be the Best-Selling Small Luxury Crossover in 2018, BMW CEO Says

“We created that segment,” BMW CEO says of the sector in which the BMW X3 arrived before Acura, Audi, Infiniti, Lexus, Lincoln, Mercedes-Benz, Porsche, and Volvo.

“The No.1 approach and target I clearly have is, there shouldn’t be anyone besides us who is No.1,” Krueger told Automotive News Europe.

In the U.S., where Krueger’s goals (expectations? demands?) for the South Carolina-built BMW X3 are lofty, the X3 ranked a distant fifth in the category in 2016.

But Krueger ain’t kiddin’ around.

Read more
UPDATE: BMW CEO Krueger Recovering Well, Fainting Spell "Nothing Serious" [Video]

Harald Krueger, who just took the CEO reins at BMW, had a dizzy spell and collapsed to the floor Tuesday during the group’s press conference.

According to The Telegraph, it was Krueger’s first appearance as the group’s CEO.

Read more
BMW Brings New North American Plant To Mexico

It’s official: BMW’s second North American assembly plant will be built in Mexico, with production to begin in 2019.

Read more
  • Arthur Dailey In Ontario 'distracted driving rules apply' . In Ontario while driving or stopped in traffic including at a red light or a stop sign it is illegal to i) use a phone or other hand-held wireless communication device to text or dial – you can only touch a device to call 911 in an emergency, ii) use a hand-held electronic entertainment device, such as a tablet or portable gaming console iii) view display screens unrelated to driving, such as watching a video program or a GPS device. In fact, simply holding a phone or other device while driving is against the law. – Government of Ontario website.Other examples of distracted driving may also include: personal grooming, eating or drinking, tending to children or pets. From Campisi LLP.
  • Theflyersfan $25,000 for an out of warranty VW Golf wagon. Make peace with the deity of your choice and do it soon because the world is set to come to an end any minute now.Being hauled on a flatbed doesn't rack up any miles so I guess that explains the 29,000 mile number. But at least it's a stick shift so would someone brave in the greater Columbus area take a chance? Just keep dry towels in the car to mop up all of the water that is bound to make an entrance sometime soon and wreck the interior. And get a AAA membership.
  • Slap I've got a red 2019 Alltrack S manual. Chose the S so I wouldn't have to deal with the potential leaks from the panoramic sunroof in the SE and SEL. So far it's been a great car - handles well and carries all of my stuff.
  • Arthur Dailey @Jeff, I agree completely. However those who are 'younger' than us and were not driving during that era do not seem to understand how the market viewed different brands or what consumers valued back in the late 1960s and the 1970s.
  • FreedMike Paging Corey...