BMW Invests €2 Billion in Germany as It Bets on AI and EVs

BMW is launching a broad restructuring plan that combines management cuts, greater use of artificial intelligence and around €2 billion in new investment in German production as the luxury carmaker works to restore profitability. The strategy comes after a difficult period for BMW. Weak demand in China, rising costs, US tariffs and growing competition from Chinese carmakers have put pressure on the company’s earnings and forced it to rethink how it develops, builds and sells vehicles.