Author: Theo Dupont

BMW AG’s Supervisory Board has appointed Dr.-Ing. Milan Nedeljković, currently the member of the Board of Management responsible for Production, as the company’s new Chairman of the Board of Management (CEO). Nedeljković, 56, is set to assume the role on May 14, 2026, following the company’s Annual General Meeting, with his contract extending through 2031. He will succeed Oliver Zipse, 61, who will step down as planned on May 13, 2026, concluding his 35-year tenure with the BMW Group, which includes over six years as CEO. Zipse’s contract had been extended beyond the company’s usual retirement age in 2023. See…

Lexus on Friday unveiled the LFA Concept, a flagship battery-electric sports car that signals the brand’s next step in high-performance vehicle development, drawing directly on the engineering architecture shared with Toyota Gazoo Racing’s GR GT and GR GT3 racing programmes. The new concept uses a high-rigidity all-aluminum chassis developed alongside the GR GT and GR GT3, underscoring Lexus’ effort to carry motorsport-grade engineering into its future electric performance models. Lexus said the platform was designed specifically to exploit the packaging advantages of a battery-electric powertrain, delivering a low centre of gravity, balanced weight distribution and improved aerodynamic efficiency. Lexus described…

Volkswagen Group plans to invest €160 billion ($186 billion) through 2030, Chief Executive Oliver Blume said, underscoring a tightening of spending as Europe’s largest carmaker faces mounting pressure in its two most important overseas markets, China and the United States. The updated figure reflects a continued scaling back of capital deployment. Volkswagen had outlined €165 billion for the 2025–2029 period and €180 billion for 2024–2028, with 2024 previously described as a peak investment year. The adjustment comes as the automaker grapples with higher trade barriers in the United States and intensifying competition in China, both of which have weighed on…