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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bayerische Motoren Werke AG | TG:BMW | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.36 | 1.60% | 86.42 | 86.46 | 86.50 | 88.24 | 85.30 | 85.86 | 51,956 | 11:40:28 |
By David Sachs
BMW's Munich plant will produce solely electric vehicles starting at the end of 2027 onward.
The German carmaker said Wednesday it will spend 650 million euros ($710.6 million) to update the factory site with four buildings, including a vehicle-assembly line.
"The Munich plant is an excellent example of our ability to adapt," said Milan Nedeljkovic, a BMW board member in charge of production.
In a statement, BMW characterized the decision as the "era of automobiles with combustion engines from Munich" ending.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
January 10, 2024 08:37 ET (13:37 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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