BMW - Polestar 2 review: more range than a Tesla Model 3 – for less cash

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BMW, also known as Bayerische Motoren Werke AG, is a German multinational corporation that manufactures luxury vehicles and motorcycles. Founded in Munich in 1916, BMW has become one of the world’s most recognizable and prestigious automotive brands, known for producing high-performance, engineering-driven vehicles that offer a combination of luxury, performance, and technology.

The history of BMW begins with the merging of three German companies–Bayerische Flugzeugwerke AG, Rapp Motorenwerke GmbH, and Fahrzeugfabrik Eisenach–into one entity, Bayerische Motoren Werke AG. The new company initially produced aircraft engines for the German military during World War I, but after the war, it shifted focus to building motorcycles and automobiles. In 1923, BMW produced its first motorcycle, the R32, which established a reputation for quality, reliability, and innovative design. The R32 featured a shaft drive, opposed twin-cylinder engine, and a superior chassis design that set the standard for future BMW motorcycles.

Over the next few decades, BMW continued to expand its product line and innovate in engineering and technology. In 1933, the company produced its first cars, the BMW 303 and BMW 328. These cars were built with cutting-edge features, such as an independent suspension and a lightweight aluminum body. During World War II, BMW once again shifted production to aircraft engines for the German military, but after the war, the company again turned to producing motorcycles and automobiles.

In the 1960s and 1970s, BMW began to build a reputation for producing high-quality, high-performance vehicles. The company introduced its “New Class” of vehicles, which included the popular BMW 1600 and BMW 2002 models, as well as the BMW 3 Series, which is still in production today. These cars were known for their superior handling, powerful engine performance, and sleek, modern design.

In the 1980s and 1990s, BMW continued to innovate and expand its product line. The company introduced the BMW 5 Series and BMW 7 Series, which further established BMW’s reputation for superior engineering and technology. BMW also expanded into the luxury SUV market with the introduction of the BMW X5, which quickly became one of the best-selling luxury SUVs in the world.

In the 2000s, BMW continued to push the boundaries of automotive engineering. The company introduced the BMW i3, one of the first mass-produced electric vehicles, as well as the BMW i8, a plug-in hybrid sports car that combined high-performance with eco-friendliness. BMW also introduced a range of advanced driver assistance systems, such as lane departure warning, adaptive cruise control, and collision avoidance.

Today, BMW offers a wide range of high-performance vehicles, from luxury sedans and sporty coupes to SUVs and electric cars. The company’s current lineup includes the BMW 2 Series, BMW 3 Series, BMW 4 Series, BMW 5 Series, BMW 7 Series, BMW 8 Series, BMW X1, BMW X2, BMW X3, BMW X4, BMW X5, BMW X6, BMW X7, BMW Z4, BMW i3, and BMW i8. All of these vehicles are built with the highest levels of engineering excellence, combining performance, luxury, and technology.

In addition to producing vehicles, BMW is also involved in a range of other industries and initiatives. The company is a major sponsor of motorsports, supporting teams in various racing series around the world, including Formula 1, DTM, and IMSA. BMW also operates a successful motorcycle division, producing high-performance bikes such as the BMW S 1000 RR and BMW R 1250 RT. The company has also invested in innovative initiatives, such as urban mobility solutions, e-mobility services, and autonomous driving technology.

Overall, BMW is a company that has consistently pushed the boundaries of automotive engineering and design. From its origins as an aircraft engine manufacturer to its current position as one of the world’s leading luxury car brands, BMW has remained dedicated to providing customers with vehicles that are both technologically advanced and visually stunning. With a continued commitment to innovation, performance, and sustainability, BMW is poised to remain at the forefront of the global automotive industry for years to come.

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EV batteries: Stellantis warning highlights complex post-Brexit rules of origin quotas

Financial Times

23-05-17 15:51

Stellantis’ warning that Britain’s trade rules with the EU could threaten electric van plant viability at Ellesmere Port has reopened the issue of rules of origin for the car industry. Car factories are concerned that anything that affects their exports to Europe will make them less competitive and more at risk. Rules of origin ensure that goods have sufficient locally-made content to qualify for tariff-free access to markets. Under the EU's post-Brexit Trade and Cooperation Agreement, vehicles sold from one to the other must have 55% of their “content” from within the EU or UK. By January 2024, 60% of an electric vehicle battery pack must originate from Europe or UK to qualify as “local”.

https://www.ft.com/content/b579ae23-245f-4f56-adac-412314f201ca

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Ann Widdecombe is right: if you can’t afford a cheese sandwich, don’t make one

Telegraph

23-05-17 14:45

Former Conservative MP Ann Widdecombe has been praised for telling people to "stop complaining" about food prices and accept that they have to make sacrifices in a global economy. Writing in the online magazine Reaction, editor Iain Martin said Widdecombe was speaking for millions of people who are fed up with politicians unwilling to tell the truth about the disadvantages that are part of everyday life. Food prices have risen sharply in the past year, while a range of other goods have increased in cost as a result of the eternally rising global inflation.

https://www.telegraph.co.uk/news/2023/05/17/if-you-cant-afford-a-cheese-sandwich-dont-make-one/

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Brussels tariffs are endangering net zero, carmakers warn

Telegraph

23-05-17 19:11

European automakers, including Jaguar Land Rover and Ford, are calling for a delay in the introduction of post-Brexit tariffs on electric vehicles due to concerns that it threatens the move to net zero. The new rules, which will come into effect from January 2022, will impose a 10% tax on vehicles shipped to the EU from the UK if they fail to contain sufficient components - equal to at least 45% of the value of an electric vehicle - manufactured in either the UK or the EU. The rules are part of an initiative to prevent Chinese-controlled minerals from entering the EU through the UK and maintain production standards. Industry leaders suggest that the fast implementation of the rules poses a threat to the industry's transition to clean mobility as few gigafactories, which produce batteries, currently exist outside China and Stellantis, the owner of Vauxhall, has said that the proposals could force it to end production in the UK.

https://www.telegraph.co.uk/business/2023/05/17/brussels-tariffs-endangering-net-zero-carmakers-warn/

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4th XXXTentacion killer gets reduced sentence after taking plea deal

Associated Press

23-05-17 20:24

Robert Allen, who testified against three ex-friends who murdered rapper XXXTentacion during a robbery in June 2018, has been sentenced to 2 years in jail. He received a sentence of seven years in total, six of which have been suspended, and will spend 20 years on probation. Allen could have received a life sentence but received a substantial reduction for testifying against others. His testimony helped convict Michael Boatwright, Dedrick Williams and Trayvon Newsome who were sentenced to life imprisonment for first-degree murder. The trio ambushed the rapper outside a motorcycle shop and stole $50,000.

https://apnews.com/article/xxxtentacion-murder-robert-allen-florida-6ff5ac86ddcc65324e17e944cbc4bb2d

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BMW aims to also build new class of EVs in China from 2026

Reuters

23-05-18 11:16

BMW plans to manufacture its new class of electric vehicles in both China and Europe starting in 2026, according to the automaker's production chief Milan Nedeljković. The move will require an investment of around €1.3bn ($1.5bn), with BMW also producing required high-voltage batteries in China. The new EV models are set for release in 2025.

https://www.reuters.com/business/autos-transportation/bmw-aims-also-build-new-class-evs-china-2026-2023-05-18/

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More than 30 million US drivers don’t know if they’re at risk from a rare but dangerous airbag blast

Associated Press

23-05-18 15:57

ARC Automotive is refusing to recall potentially exploding airbag inflators that are present in the vehicles of more than 33 million people in the US. The National Highway Traffic Safety Administration (NHTSA) has demanded the recall of the units, which have been linked to two deaths and at least seven injuries, and has claimed that the inflators have been found to be defective following an eight-year investigation. Automakers, including Chevrolet, BMW, Ford and Porsche, have sought clarity from the NHTSA. No manufacturer has so far identified an issue affecting all 67 million inflators, necessitating a recall, according to ARC.

https://apnews.com/article/air-bag-deflators-explode-crash-arc-nhtsa-8393a55574147c712d11d62f50ff249f

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Will dashboard AM radio be saved? Bipartisan bill would require automakers to keep it in new cars

Associated Press

23-05-18 18:23

The "AM for Every Vehicle Act" has been introduced yesterday at the US House of Representatives and the Senate. The legislation would demand the National Highway Traffic Safety Administration to mandate car manufacturers to include AM radio for most vehicles at no extra cost. This follows a trend of some automakers completely removing AM radios from newer cars and replacing it with newer features such as the internet radio. The bill mentions the important role AM radio has played in emergencies to facilitate communication, particularly in rural areas where Internet access might not be available when emergencies strike.

https://apnews.com/article/am-radio-cars-congress-bipartisan-bill-ac3aa22e5db8d2acdc2448fe620c28f4

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Cash App founder murder suspect pleads not guilty

BBC

23-05-18 22:12

Nima Momeni has pleaded not guilty to the murder of technology entrepreneur Bob Lee. The prosecution claims the killing was premeditated, arguing that Momeni drove Lee to a secluded area and stabbed him twice in the chest. Despite this, Momeni's lawyer argued against the use of CCTV footage, stating that it does not show enough to conclusively determine events. While the prosecution did not suggest a motive, court documents have revealed that Momeni questioned Lee about his sister. Momeni's sister, Khazar Elyassnia, is married to a local plastic surgeon and both she and her husband attended the hearing. Momeni was ordered to be detained ahead of his trial.

https://www.bbc.com/news/world-us-canada-65642500

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Emissions-free Electric Vehicles Are a Fantasy

Heritage

23-05-19 02:36

Despite the Biden administration's announcement of federal vehicle electrification targets that would require over 60% of new car sales to be battery-powered electric vehicles (EVs) by 2030, compared to under 6% in 2022, for the US, a new report has highlighted the carbon footprint created by producing and powering EV batteries. The report, which argues that EVs can create more carbon emissions than gas-powered vehicles when total lifecycle emissions are taken into account, highlights that the majority of the electricity used to power EVs is not generated from wind or solar power, but fossil fuels.

https://www.heritage.org/environment/commentary/emissions-free-electric-vehicles-are-fantasy

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Lawyer for Bob Lee’s alleged killer claims stabbing was ‘accidental’

The Independent

23-05-19 17:46

The defence lawyer for Nima Momeni, a fellow tech executive who has been accused of killing Cash App founder Bob Lee with a kitchen knife, has claimed that the stabbing was an accident. Momeni’s attorney, Paula Canny, argued that there had been “no premeditation” in the case. Prosecutors believe that the suspect’s DNA was found on the murder weapon.

https://www.independent.co.uk/news/world/americas/crime/lee-cash-app-killing-momeni-b2342334.html

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UK increasingly hopeful of securing JLR battery factory

Financial Times

23-05-19 17:19

UK ministers have offered a package of subsidies and incentives, including higher energy subsidies, as they seek to convince Tata Motors to build a flagship battery factory in the UK for Jaguar Land Rover’s electric cars, according to people close to the discussions. A decision on whether to build the plant in Somerset or in Spain is believed to be imminent. The company has requested £500m ($618m) of financial assistance from the UK government. British ministers have prioritised the establishment of the plant to support the country’s car industry as it struggles to switch to electric vehicle production ahead of Brexit. High UK energy prices compared with European Union rivals have been the main issue for Tata despite its historic links with the UK.

https://www.ft.com/content/7b737c9e-ff5b-42ce-9f27-6b35cd9b95b4

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This Week in Style: Puma’s F1 streetwear, celebrities reverse cosmetic enhancements and the rise of alternative engagement rings

The Globe and Mail

23-05-20 11:00

Sportswear company Puma has signed a deal to sell fan wear and produce merchandise for all 10 Formula One teams from 2024. Puma is an established racing performance products maker, having worked with Mercedes AMG, Ferrari, Alfa Romeo and Porsche. It has also launched a streetwear collection aimed at women with Scuderia Ferrari. The collection, designed by June Ambrose, a hip-hop industry veteran, will be available this spring. F1 is one of the world's fastest-growing sports, with an estimated 1.5 billion viewers tuning in annually.

https://www.theglobeandmail.com/life/style/article-this-week-in-style-pumas-f1-streetwear-celebrities-reverse-cosmetic/

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EU’s new green reporting rules are ‘impossible’, businesses say

Financial Times

23-05-20 13:19

BMW, Telefónica and BP are among the companies complaining that they face an “impossible task” when it comes to Europe’s new environmental reporting requirements. Finance directors have urged the European Commission to delay implementation and improve the guidance related to the European Union’s sustainable investment rules, known as the “taxonomy”. The firms said the system was unclear and burdensome, and provided little of value to investors. The taxonomy is meant to inform investors to direct funding towards sustainable activities.

https://www.ft.com/content/5ff29758-7da5-4573-a13d-8c216911524a

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Bavaria turns back clock for royal wedding in Munich

Deutsche Welle

23-05-20 17:51

Ludwig Prince of Bavaria, a descendant of the last King of Bavaria, wed Sophie-Alexandra Evekink on Saturday in Munich. The Wittelsbach family continued their traditions with an elaborate wedding ceremony at the Theatine Church - a church with previous royal connections. Ludwig is a great-great-grandson of the last Bavarian King Ludwig III and a representative of the House of Wittelsbach which ruled Bavaria until the end of the monarchy in 1918. The wedding ceremony was conducted by Archbishop of Munich, Cardinal Reinhard Marx. Sophie-Alexandra has Canadian and Dutch roots and is currently a Criminology PhD student at the University of Oxford. Approximately 1,000 guests attended the ceremony, including politicians like Bayern Prime Minister Markus Söder. Reportedly, the couple had already held a private ceremony in December to legally marry.

https://www.dw.com/en/bavaria-turns-back-clock-for-royal-wedding-in-munich/a-65686287

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Shenyang Weighing Takeover of Brilliance China’s Major Owner, Sources Say

Bloomberg

23-05-25 07:15

Shenyang, a city located in north-eastern China, is preparing to take over Brilliance Auto Group Holdings for CNY16bn ($2.3bn). The deal will turn Shenyang's government into the owner of 30% of Hong Kong-listed Brilliance China Automotive Holdings. The proposed takeover comes as China is predicted to become the world's second-largest exporter of passenger vehicles. Brilliance Auto Group began a restructuring process in 2020 after defaulting on debt. The deal may end this process and unsecured creditors would receive 20% of their principal in cash over multiple installments, according to anonymous sources.

https://www.bloomberg.com/news/articles/2023-05-25/shenyang-said-to-mull-takeover-of-brilliance-china-s-major-owner?srnd=next-china

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Car buyers: how to steer through the labyrinth of choice

Financial Times

23-05-26 06:22

Delays in UK car manufacturing caused by semiconductor shortages and plant shutdowns during the coronavirus pandemic have caused hold-ups in car buying, creating high demand for second-hand cars and leading to their prices exceeding those for new models. The chip crisis is beginning to ease, however, and carmakers anticipate that production rates should return to normal during 2022. Meanwhile a shortage of new cars caused by factory closures during the coronavirus pandemic will be felt for years as a hole in the market washes through the system. The car-buying process has also been complicated by decisions about electric vehicles, selection of new or used models and which finance products to consider. Costly electric cars are gaining in popularity as mainstream manufacturers convert existing models for electric power. Consumers finance cars by financing the amount of value a car loses over a period, rather than considering the sticker price. Almost 50% of second-hand car sales are bought using this method, with over 90% of new cars sold based on a depreciation-based model.

https://www.ft.com/content/1fc3b134-a789-43af-acb0-bdc416d7c80a

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Last-Minute Green Deal Hiccups Expose EU Concerns Over Political Costs

Bloomberg

23-05-27 06:00

Leaders and firms in Europe’s largest markets are beginning to question the ambitious pace of the continent’s green push due to the large costs associated with transformation. The EU plan to make the continent climate-neutral coincides with the implementation of emergency rules to alleviate the effects of an energy crisis and rising competition from China and the US, which has led to calls for a slower pace. Countries such as France and Germany have started to chip away at parts of the EU’s Green Deal, which has led to concerns from EU officials that the timeline for no net emissions of greenhouse gases by 2050 is in jeopardy.

https://www.bloomberg.com/news/articles/2023-05-27/last-minute-green-deal-hiccups-expose-eu-concerns-over-political-costs?srnd=next-china

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‘Malibu sniper’ convicted of murdering dad shot dead in camping tent

The Independent

23-05-27 17:59

Anthony Rauda has been found guilty of second-degree murder and will be held responsible for the death of Tristan Beaudette, who was shot to death during a camping trip with his daughters at a California state park in 2018. Rauda was also found guilty of multiple burglaries and three counts of attempted murder. Rauda had been accused of shooting 11 people over two years. During his spree, he used an improvised shotgun filled with pellets which did not cause life-threatening injuries. Prosecutors said that Rauda sought to kill victims in creative ways during his spree.

https://www.independent.co.uk/news/world/americas/crime/malibu-sniper-camping-murder-b2347091.html

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Taking an electric car on the road is still a gamble in America

Financial Times Opinion

23-05-28 17:19

Electric vehicle (EV) drivers are encountering charging infrastructure problems as EVs become more widespread in the US. While the number of EVs in the US has soared to 3 million over five years, the charging station industry has not kept pace with the growth. The US has 135,000 public charging points, but these are often located in inconvenient spots and are unreliable. The Biden administration has set a target of 500,000 public charging stations by 2030, but this is unlikely to match up to China’s 1.8 million stations that are already up and running.

https://www.ft.com/content/e85297a6-6f95-4f77-891b-0afe9e0c66b2