BMW Group finance chief Nicolas Peter expects the automaker's full-year operating margin to be "in the area of about 9 percent," despite major challenges such as the chip shortage and volatile raw materials prices. He told Automotive News Europe how BMW plans to overcome those obstacles.
Silk-FAW, a joint venture between Chinese automaker FAW and Silk EV, a U.S.-based automotive startup, has recruited former Ferrari and Lamborghini top executives to help the company build cars that will rival Ferrari and Lamborghini supercars.
Audi CEO Markus Duesmann shares his plan for the automaker's EV shift, outlines what the company is doing to offset microchip shortages and explains why Europe needs to invest more in software and battery development in an interview with Automotive News Europe.
To remain competitive, Brembo Executive Deputy Chairman Matteo Tiraboschi says the company has to grow through aquistions in key areas, but he has given up on his goal of doubling annual revenue to 5 billion euros. He outlined his new plan in an interview with Automotive News Europe.