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BMW to offer ride hailing services in China from December

BEIJING: Germany’s BMW  plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market. BMW Mobility Service Ltd, a fully-owned subsidiary of the BMW Group, obtained its ride-hailing license in Chengdu, the capital of Sichuan province in China’s southwest, BMW said. BMW Group said in October it would increase its stake in its Chinese joint venture with partner Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent. China’s…

New emissions tests push BMW into profit warning

FRANKFURT AM MAIN: German high-end carmaker BMW said Tuesday that new stricter emissions tests for cars as well as refits to older vehicles and global trade tensions would leave revenues and profits short of its full-year forecast. "The industry-wide shift to the new WLTP test cycle has... led to significant supply distortions in several European markets" and unexpectedly "intense competition", the Munich-based group said in a statement. Tougher new regulations came into force this month, a reaction by authorities to…

South Korea to ban about 20,000 BMW vehicles after engine fires

 South Korea’s transport ministry said on Tuesday it would ban some 20,000 BMW vehicles from the streets amid mounting public fears about engine fires. The driving ban comes after 27 engines went up in flames between January and July, which prompted BMW’s Korea unit to apologize for last week and a recall of 106,000 diesel vehicles including the 520d from Aug. 20. Amid public concerns over safety, the government order will affect about 20,000 BMW cars that are part of the recall but yet to receive safety checks,…

Automakers warn US tariffs will cost hundreds of thousands of jobs, hike prices

WASHINGTON: Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A coalition representing major foreign automakers including Toyota Motor, Volkswagen, BMW, and Hyundai Motor, said the tariffs would harm automakers and U.S. consumers. The administration in May launched an investigation into whether imported…

BMW launches Uber-like car-hailing service in US state

TENNESSEE: Germany-based globally renowned firm BMW has launched an Uber-like car-hailing service named Access by BMW in Tennessee. BMW has started a pilot program today in Tennesse which will provide unlimited access to BMW cars for a flat predetermined monthly fee. This service can only be availed by the pre-registered members. “It’s a very small pilot; just enough to get our feet wet and see what happens,” BMW spokesperson Accessible by a smartphone app, Access by BMW works with both on Android and Apple-powered…