All companies (including car companies) have to be more concerned about their future than about their past. The smart companies, however, leverage their historical successes to help roadmap their future. I'm not sure BMW is doing this. The future of the automobile, whether we like it or not, are EVs. BMW is (or was) in a unique position to carve out the "ultimate driving machine" component of the growing EV market for themselves based on their history of doing this among ICE vehicles. They are failing.
Today it was announced that Tesla sold more vehicles in the US in 2022 than BMW. Not more electric vehicles...vehicles of any type. Tesla 491,000. BMW 332,000. This is the first time in 28 years that an American automaker has been #1 in luxury car sales. I hope it's a wakeup call to BMW to change their strategy. Bigger grills aren't going to do it. They need to eat Tesla's lunch with EVs that are ultimate driving machines.
"Tyson Jominy of analytics firm J.D. Power noted that the tide is quickly changing. "Not only do luxury buyers want EVs, but the one that only sells EV is now the sales leader," Jominy told Automotive News, adding "If you want to be at the top of the luxury segment, you've got to beat Tesla, and you've got to do it with EVs.""
Despite the chaos of the last year, Tesla has come out on top.
www.thedrive.com