BMW, Mercedes Considering Four-Cylinders for U.S. »
Yazan admin | 02 Jul. 2009 | Automobile, Bmw | No Comments
As President Obama’s administration continues to make stricter fuel economy standards a priority, Germany’s top luxury automakers – which traditionally rely on six-cylinder engines in their base model vehicles – are considering four-cylinder engines for the U.S. to meet those standards.
BMW last offered a four-cylinder engine for U.S. consumers in its 318ti hatchback in 1999, [...]
BMW Posts $73.7 Million First Quarter Operating Loss »
Yazan admin | 02 Jul. 2009 | Automobile, Bmw | No Comments
Due to sinking sales in the luxury car market, BMW has posted an operating loss of €55 million euros or $73.7 million in the first quarter of 2009. As a result, the automaker is unable to deliver a reliable earnings forecast for the remainder of the year.
BMW CEO Norbert Reithofer told reporters that there have [...]
