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Industry: Email Alert RSS FeedBMW seeks to cut costs; Automaker hires 70 engineers for purchasing.
Automotive News Europe, February, 2005 by Wernle, Bradford
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Byline: Bradford Wernle
Despite achieving production and sales records in 2004, BMW will continue to look for ways to cut costs.
The German automaker hired 70 engineers into its purchasing department to help identify potential savings, said BMW CEO Helmut Panke at the 3 series launch here.
"They had to be engineers who could talk to suppliers about engineering and design changes," he said. "We gave our purchasing department more clout."
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The new 3 series should help BMW remain profitable in 2005 despite the weak dollar and the fact that BMW loses some ...
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Most Popular Articles in Autos
- Service Slants
- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
- More »