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BMW Bayerische Motoren Werke AG

88.54
0.26 (0.29%)
28 Jun 2024 - Closed
Realtime Data
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
  0.26 0.29% 88.54 88.36 88.74 88.96 87.62 87.72 21,507 22:50:02

BMW Munich Factory Will Only Make Electric Vehicles From Late 2027

10/01/2024 1:52pm

Dow Jones News


Bayerische Motoren Werke (TG:BMW)
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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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