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German luxury brand BMW announced full-year 2023 results Thursday, highlighted by global deliveries climbing 6.4% to 2.554 million units. BMW’s global revenue jumped 9% to 155.5 billion euros, with automotive EBIT margin climbing to 9.8%. In addition, BMW said EV sales jumped 74.2% to 375,000 units globally.
BMW has begun production of a battery-assembly facility at its San Luis Potosí, Mexico, plant in anticipation of production of its next-generation Neue Klasse EVs.
BMW will provide a look at the future of its SUV line-up on March 21, when it shows the new Vision Neue Klasse X concept SUV. The German brand confirmed the reveal date on social media with a teaser image showing the car’s side profile, and it has a similar silhouette to the current iX.
The manual transmission is a dying breed. While manuals hold a bit more of a market share than they did in years past, it's still only a matter of time before manuals are gone for good. The latest evidence comes from Japan, where BMW is sending off its manual transmission with a special edition M3.
The next-generation BMW M4 will reportedly drop its petrol engine in favour of battery power – but buyers of the BMW M3 sedan may still have the choice of petrol power after all, a new report claims.
We know that BMW is prepping the next-generation M5. It’ll offer a wagon variant that, until now, has only been rumored to be available in North America. BMW design boss Domagoj Dukec on Tuesday confirmed to The Car Guide the automaker will offer the new M5 Touring wagon in the United States. It’ll allegedly arrive in 2025 and sit alongside the new M5 sedan.
BMW has started the countdown to the end of the traditional manual transmission, despite comments only weeks ago it would keep the three-pedal option alive in its high-performance 'M' cars.
At last update, in November 2023, the list of available manual cars in Australia stood at six small SUVs, one small hatch and one small sedan (what?!), one medium SUV, two large off-road SUVs and, thankfully, 24 performance models.