Inside the new luxury private terminal at Manchester Airport that’s open to everyone Transport A new luxury private terminal with a twist has been unveiled at Manchester Airport ahead of it opening later this year.
BMW: Most sales growth now electric as ‘tipping point’ for combustion engine passes BMW BMW is making most of its sales growth from electric cars as opposed to traditional combustion engine vehicles, its CFO has said.
BMW: Mini production to stay in UK despite Brexit difficulties Automotive BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
BMW: Shares dip on supply chain warning as carmaker lifts earnings guidance August 3, 2023 BMW’s higher annual earnings forecast failed to chime with investors, as the carmaker warned of a hit from supply chain issues and inflation. The Munich-headquartered firm said it expected an annual EBIT margin of 9-10 per cent, up from 8-10 per cent, as it reported strong demand for vehicles and a doubling of deliveries in [...]
BMW invests £500m in Oxford Mini plant with car maker expected to receive £75m UK taxpayer grant March 8, 2023 Hundreds of jobs could be created from a £500m investment in Oxford by BMW, as it looks build electric models of its Mini in Britain. The German car-maker is reportedly preparing to unveil a major injection of cash – including £75m of government-approved funding – as first reported by Sky News’ Mark Kleinman. The investment [...]
BMW: How supply chain issues and China lockdowns have impacted its bottom line January 10, 2023 BMW’s sales have slumped in 2022 due to supply chain issues and the now-scrapped zero-Covid policy in China. A byproduct of the pandemic, supply chain issues such as chip shortages and higher raw material costs were magnified by Beijing’s decision to implement severe lockdown measures for the good part of last year. The German automotive [...]