Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren’t.
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BMW South Africa is to shut down its Rosslyn manufacturing plant in Pretoria for two weeks because of risks posed by Covid-19 and the resulting impact on demand for new vehicles.
BMW is facing pressure from Tesla and its Model 3. The German brand’s answer to the electric threat is a sleek battery-powered car called the i4.
Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.
Mercedes-Benz gave car buyers a glimpse of the top-end of its electric model plans, showing off a sleek silver battery-powered concept version to complement the flagship S-Class sedan.
Cars made Germany into a global manufacturing powerhouse, but pollution concerns have sullied the reputation of a product that once embodied individual freedom.
Volkswagen South Africa is working on a comprehensive electric mobility strategy with the purpose of laying a strong foundation for the introduction of battery electric vehicles into its key brands.
Nissan, BMW and Volkswagen are among car makers in talks to bring the electric car revolution to South Africa, as the nation’s auto-factory floors risk being left behind in the global switch to greener vehicles.
BMW promoted production chief Oliver Zipse to CEO, resetting its leadership to catch up with rivals in the transition to an era of self-driving, electric cars.
BMW’s first electric Mini will hit the streets by the end of the year, targeting urban buyers and giving the German manufacturer more ammunition to compete with Volkswagen and Tesla.