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Manheim to Hold Benefit Vehicle Auction at NIADA Convention

Proceeds from sale of stunning BMW 330i will go to NIADA Foundation for charity and scholarships.

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Automakers Report Greater Access to Semiconductor Chips

With an improved chip supply, carmakers are at work whittling down order backlogs.

Automakers Consider Lighter, Machine-Made Wire Harnesses

The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.

BMW Announces It will Meet 2022 Output Targets

Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.

Penske Automotive Group More Than Doubles Q1 Net Income

Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.

BMW Q1 Sales Rise 3.2%

The luxury automaker credits strong factory-dealer communications as the reason dealers could sell into the pipeline.

COVID-19 Shutters Production in China

Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.

Ukraine War Challenges EV Supply Chains

Supply chain challenges rising from the war in Ukraine could make electric vehicles (EV) more expensive to build as raw material prices shoot up.

S&P Global Mobility Predicts Impacts of Ukraine War

The Ukraine War will lower global light-duty vehicle production through next year by millions of units, predicts the automotive research firm.

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BMW Cuts Margin Forecast for 2022

BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.

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