BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants. The company's supervisory board discussed new leadership at BMW's U.S. plant in Spartanburg, South Carolina, after 53-year-old Harald Krueger said he would not be available for a second term as CEO. "With Oliver Zipse, a decisive strategic and analytic
One report says Trump could impose 25 percent duty on imports next week.
Falling stock prices are giving the German automaker the birthday blues. Investors are worried about the company's future outlook against luxury rivals.
Coaches like to say that there's no "i" in team. At least one BMW executive is saying the company's not sure if there are any more "i"s in its near future. BMW executive Harald Krueger indicated that the German automaker is holding back on any i-project plans besides the i3 city car and i8 plug-in hybrid spo