BMW News
The acquisition of FreeNow will open doors to major European cities as Lyft comes under pressure from rival Uber in its home North American market.
Mini has pushed back plans to go all-electric globally by 2030.
Mini expects a redesigned lineup and lower-priced trims on core models to lift U.S. sales in 2025 by 40 percent from last year's record low.
The move would help BMW appease the Trump administration and ward off a mounting trade war instigated by an increase in U.S. tariffs.
Global sales fell 1.4 percent, but EV sales were up 32 percent through March.
VW, BMW and Mercedes will unveil EVs and concept cars in an effort to recapture relevance in the world’s largest and most volatile auto market.
U.S. auto exports to China have dropped three consecutive years, and fell 13 percent to 109,356 in 2024, according to the China Automobile Dealers Association.
No. 2 Lexus trailed BMW by about 4,500 vehicles.
Canada and Mexico won protections against potential new U.S. auto tariffs in 2018 as part of the U.S.-Mexico-Canada Agreement on trade, but there is no evidence that President Donald Trump will honor them.
Luxury brands have grabbed a larger share of the U.S. new-vehicle market in recent years as affluent households maintained spending, though tariffs will push prices further out of reach of consumers.
