BMW Group
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BMW’s Next CEO Major Task is Reviving The Electric Car Initiative Amid Competition From EVs Like Tesla
In an update on Friday, BMW CEO Harald Krueger will be leaving his post as the German automaker’s CEO. The company announced that Krueger would not be seeking another term in his contract as CEO after it expires next year. A press release from BMW noted that the Supervisory Board will be discussing Krueger’s replacement during a meeting…
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BMW CEO Harald Krueger Steps Down Following Weakest Earnings in Years
BMW CEO Harald Krueger is stepping down after a four-year tenure in which the automaker lost its lead in luxury car sales and saw an early head start in electric vehicles evaporate. Friday’s news comes after BMW lost money on its automotive business in the first quarter of the year after the company was hit…