Qualcomm and BMW jointly developed an automated driving system that will debut on the BMW iX3. Qualcomm CEO Cristiano Amon told CNBC that the Snapdragon Ride Pilot Automated Driving System is available for any automaker to licence.
BMW Chief Executive Oliver Zipse said the European Union's planned phase-out of combustion engines by 2035 was a "big mistake", calling for a shift to emission measures that capture a vehicle's entire supply chain.
BMW Chief Executive Officer Oliver Zipse discusses the new all-eclectic SUV called the iX3. "This will be the benchmark of the industry," he tells Bloomberg's Tom Mackenzie.
BMW Group announced on Tuesday that it would join hands with Chinese autonomous driving firm Momenta to develop advanced driving assistance technology specifically for the China market.
German carmaker BMW reported a slight increase in second-quarter deliveries on Thursday, as growing demand in Europe offset a slump in China.
BMW is deeply undervalued, offering a compelling 15% annualized return to 2027E, with a well-covered 5-6% yield and strong fundamentals. The company leads legacy peers in EV penetration, boasts superior margins, and demonstrates operational flexibility through its multi-powertrain production lines. Risks include China exposure and competition in entry-level premium segments, but BMW's execution, cost control, and brand strength mitigate these concerns.
The luxury-car maker said the buyback is scheduled to start in May and will last no later than April 30, 2027.
The carmaker reiterated its forecasts for the year, but said actual performance might deviate from these projections if tariffs remain in place for longer than expected.
German automaker BMW plans to start integrating artificial intelligence from Chinese startup DeepSeek in its new models in China from later this year, CEO Oliver Zipse said at the Shanghai auto show on Wednesday.
European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said, fearing any first-movers could risk a backlash from U.S. President Donald Trump.
BMW remains an attractive investment despite new US tariffs, thanks to its strong brand, premium pricing power, and balanced ICE/BEV strategy. The company's preference shares offer a 5.9% yield and trade at a low valuation, making them a compelling entry point. Tariffs will increase costs and prices, but BMW's strategic responses and historical management excellence mitigate long-term impacts.
Trump's 25% auto tariff shook markets, hitting stocks and sparking fears of a global trade war. UAW backed the move, while Tesla and foreign automakers warned of higher costs and job risks.