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الاقتصادية - CNN
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German Minister Calls for Increasing Fees on Chinese Cars

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German Minister Calls for Increasing Fees on Chinese Cars

SpaceX begins testing of Starship after its listing and prepares for first launch

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SpaceX begins testing of Starship after its listing and prepares for first launch

Total Energies forecasts profit increase in second quarter driven by rising oil and gas prices

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Total Energies forecasts profit increase in second quarter driven by rising oil and gas prices

American LNG shipment docks in China for first time in a year

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American LNG shipment docks in China for first time in a year

Head of State appoints Ahmed Sultan Al-Shaibi as Deputy Minister of Higher Education and Scientific Research

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22 Hrs
Head of State appoints Ahmed Sultan Al-Shaibi as Deputy Minister of Higher Education and Scientific Research
الاقتصادية - CNN

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BMW faces challenging restructuring amid profit pressure

BMW faces challenging restructuring amid profit pressure

BMW is facing increasing pressures on its profits and profit margins, and is confronting significant challenges in the global automotive industry, including an economic slowdown, intense competition from Chinese electric vehicles, rising costs, and disruptions in supply chains. In response, the company announced the appointment of Dorothea von Buxhoeveden, an experienced leader in transformation management from the aerospace sector, to the role of Chief Human Resources Officer. She will lead restructuring programs, implement efficiency improvement strategies, and develop employees' digital skills. BMW aims to achieve cost savings by boosting productivity and accelerating digital transformation, while maintaining a stance against widespread layoffs, unlike competitors Volkswagen and Mercedes-Benz. This move comes amid expectations that profit margins in the automotive sector may drop to around 1% this year, with a focus on redesigning operational structures and managing human transformation to ensure the company's continued presence in a rapidly changing market.

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