BMW, Mercedes Considering Four-Cylinders for U.S.
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 [...]
BMW Posts $73.7 Million First Quarter Operating Loss
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 [...]
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