Automobiles are marketed under the brands BMW, Mini and Rolls-Royce, and motorcycles are marketed under the brand BMW Motorrad. In 2017, BMW was the world's fourteenth-largest producer of motor vehicles, with 2,279,503 vehicles produced. The company has significant motorsport history, especially in touring cars, Formula 1, sports cars and the Isle of Man TT.
Ford has already ramped up investment in EV production at its Texas and Michigan plants. It said it would be making the new investments in partnership with SK Innovation, a South Korean battery maker.
- Outside of a few major metropolitan areas, EVs still aren't very common in the US and the country accounted for just 2% of new EV sales globally last year. The Biden administration hopes to change this with tougher tailpipe emissions rules from 2026 and billions of dollars of spending on new charging points and consumer incentives. However, the cash is tied up in two spending bills that Democrat leaders must get through a divided Senate. On Thursday, lawmakers will vote on the first - a $1.5tn infrastructure plan - which appears to have enough bi-partisan support to pas
- But a second, $3.5tn bill - which focuses on widening America's social safety net - is opposed by every Republican and some moderate Democrats who say it is too expensive in its current form. Ford told the BBC its announcement was not timed to coincide with this week's voting on Capitol Hill. But it said it supports the passage of both bills, which would "help more Americans get into electric vehicles, while at the same time supporting American. manufacturing and union jobs".