BMW partners Jaguar Land Rover to develop electric engine

BMW partners Jaguar Land Rover to develop electric engine
A BMW I3 electric car charges its battery outside the BMW factory in Leipzig, Germany. (Getty Images)
Updated 05 June 2019

BMW partners Jaguar Land Rover to develop electric engine

BMW partners Jaguar Land Rover to develop electric engine
  • A joint team will be based in Munich and tasked with developing the next generation electric drive units which BMW will launch together with JLR
  • Like many other traditional carmakers, both BMW and JLR are racing to catch up with US tech giant Tesla which has a head-start in making the cleaner, smarter vehicles of the future

BERLIN: German high-end car giant BMW and British group Jaguar Land Rover announced Wednesday they are teaming up to develop a new generation of electric motors.
A joint team will be based in Munich and tasked with developing the “next generation electric drive units” which BMW will launch together with JLR.
“Cooperation between car manufacturers to share know-how and resources is important” as the automotive industry tackles “the significant technological challenges” posed by the electric cars of the future, said BMW in a statement.
The partnership is for research and development and the engines will be produced “by each partner in their own manufacturing facilities,” BMW said in a statement.
Both groups hope the partnership will reduce development costs at a time when the transition to electric vehicles weighs heavily on manufacturers’ balance sheets.
Like many other traditional carmakers, both BMW and JLR are racing to catch up with US tech giant Tesla which has a head-start in making the cleaner, smarter vehicles of the future.
Pressure is also coming from the EU for the European automotive industry to shift gears to electric engines, as new tougher CO2 emissions limits come into force from 2020.
To meet the high costs shifting away from internal combustion engines, other carmakers have also struck up partnerships.
Mercedes-Benz maker Daimler and Chinese auto giant Geely in March announced plans to develop the next generation of electric Smart cars to be made in China in a joint venture.
JLR last year unveiled an electric Jaguar SUV and is currently carrying out major restructuring in a bid to save £2.5 billion ($3.2 billion, 2.8 billion euros) so as to be able to invest more in electric cars.


Israel expects $220 million in non-defense trade with Bahrain in 2021

Updated 28 min 27 sec ago

Israel expects $220 million in non-defense trade with Bahrain in 2021

Israel expects $220 million in non-defense trade with Bahrain in 2021
  • The Economy Ministry trade forecast anticipated growth in Israeli exports to Bahrain of diamonds and refined metals for chemicals
  • It also anticipated growth in imports of oil and aluminium from Bahrain

JERUSALEM: Israel foresees $220 million in non-defense trade with Bahrain in 2021, the Economy Ministry said on Wednesday as it hosted a delegation from the Gulf state to cement newly established ties.
Bahrain and neighbor the United Arab Emirates normalized relations with Israel on Sept. 15, a US-brokered pact motivated by business prospects as well as shared worries about Iran.
Meeting Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Bahrain’s minister for industry, commerce and tourism, Zayed bin Rashid Al-Zayani, said he saw an “immense opportunity to even develop (ties) further, not just in terms of business — in terms of culture, sport, exchange, tourism.”
The Economy Ministry trade forecast anticipated growth in Israeli exports to Bahrain of diamonds and refined metals for chemicals, and of imports of oil and aluminium from Bahrain.