BMW names new boss to steer car giant in tough times / Photo: Ronny Hartmann - AFP
-
Kenya's economy faces climate change risks: World Bank
-
From birds to fish, how extreme heat causes wildlife to suffer
-
The Sun may not engulf Earth after all, scientists say
-
Russia signals slower rate cuts amid high Ukraine war spending
-
Heatwave hits more than half of France's population
-
Online threats, insults fuel S.Africa's anti-foreigner hate
-
Gaza ceasefire a 'deadly illusion': UNICEF
-
European robotics start-ups go up against Chinese heavyweights
-
'Alter-Ego': An Italian hospital's little robot carer
-
Indonesia to capture last-known wild Bornean rhino for IVF
-
No vaccine, conflict, mistrust: Ebola's return to DR Congo
-
AI museum brings sights, sounds and smells of the rainforest
-
New Zealand minister defends fishers after two orcas killed in net
-
Football 'ambassador' and fan favorite: a duck becomes a star in Mexico
-
Fossils challenge assumptions on how animals adapted to land
-
US stocks resume upward climb as dollar advances again after Fed outlook
-
Al-Qaeda-linked jihadists attack Niger airport, 11 soldiers killed
-
AI-generated videos use Down syndrome to make sales
-
Ghana pushes for concrete slavery reparations
-
Europe risks 'total irrelevance' without sovereign tech: Cohere chief
-
AI-generated videos wield Down syndrome to make sales
-
Suspected jihadists stage deadly new attack on Niger airport
-
Man dies, trains and classes disrupted as heatwave hits France
-
Oil tankers pass Hormuz Strait after war deal: tracker
-
Swiss central bank holds interest rates, with eye on currency risks
-
S.African sentenced in 'world's largest' rhino trafficking case
-
Bank of England follows Fed in holding interest rate
-
German chemical company to cut 3,200 jobs as crisis worsens
-
Range raises $8.3M Series A to unify treasury, risk and compliance across stablecoins and fiat
-
Innovations on show at Paris Vivatech fest
-
Bird flu kills 13,000 seal pups on remote Australian island
-
New wave of anti-LGBTQ laws sweeps Africa
-
Drastic restrictions on public transport take effect in Cuba
-
Cuba approves economic reforms to boost private sector, investment: state TV
-
Robots pour cocktails and run marathons, but still can't multitask
-
Birthright citizenship helps spark US World Cup run
-
Castro gives crucial backing to Cuba reforms
-
Driving the World's Leading Supply Chains: 9 OMP Customers Named to The 2026 Gartner Top 25
-
Qantas to launch non-stop Sydney-London flights in October 2027
-
US Fed chair Warsh vows reforms as central bank signals rate hikes on horizon
-
US Federal Reserve holds rates steady, raises inflation expectations
-
Brest boss Roy dies aged 58 from cancer
-
Military salutes and K-pop madness shake up Colombia campaigning
-
Recovery of ship traffic in Hormuz limited, but signs emerge
-
England's World Cup opener puts Spanish resort on beer alert
-
Nations allege 'attacks' on science at key climate talks
-
Plague was killing hunter-gatherers 5,500 years ago: study
-
Prince Harry and family to visit UK in July: media
-
What happens when the Strait of Hormuz re-opens?
-
US retail sales beat expectations in May as energy costs stay high
BMW names new boss to steer car giant in tough times
BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition.
An engineer by training and an employee of the Munich-based manufacturer since 1993, the 56-year-old will succeed current CEO Oliver Zipse in May when he reaches the end of his term, the group said in a statement.
Nedeljkovic currently oversees the group's factories worldwide, which produce both electric and combustion engine models on the same production lines.
A key task will be advancing BMW's expansion of its electric vehicle (EV) offerings, already well underway under Zipse's leadership.
But the Serbian-born executive takes over at a time of deep crisis for Germany's flagship auto sector.
BMW, which also owns the Mini and Rolls-Royce brands, is seeing its sales decline in the key Chinese market due to strong local competition, particularly when it comes to EVs.
BMW, like domestic rivals Mercedes-Benz and Volkswagen, has also been impacted by US tariffs, although it has fared somewhat better as its largest factory in the world is located in South Carolina.
The carmaker reported rising profitability in the third quarter due to healthy worldwide sales, with Zipse saying the group had proven itself "resilient" in the face of headwinds.
L.K.Baumgartner--CPN