• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

A look inside a North Country primary feud

May 13, 2026

Pop Star Hayley Williams Declares ‘F**k ICE,’ ‘Free Palestine’ at Concert

May 13, 2026

EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

May 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, May 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    A look inside a North Country primary feud

    May 13, 2026

    Have Trump And Musk Made Amends?

    May 13, 2026

    Trump Can Barely Walk As He Arrives In China With A Lumbering Thud

    May 13, 2026

    South Carolina Republicans tank redistricting, for now

    May 13, 2026

    Pennsylvania Supreme Court Justice Leaves Democratic Party

    May 13, 2026
  • Health

    Vance: $1.3B in Medicaid money to California will be deferred over fraud suspicions

    May 13, 2026

    Why Energetic Health Matters Now More Than Ever

    May 13, 2026

    The Doctor Shortage Is Getting Worse. Your Pharmacist Can Help

    May 13, 2026

    Trump DOJ intensifies push to restrict youth gender-affirming care

    May 13, 2026

    This $250 Million Startup Tracks How Cancer Reacts To Treatment In Real Time

    May 13, 2026
  • World

    Farage Says Work Begins Now to Destroy the ‘Delusional’ Establishment

    May 13, 2026

    Neil DeGrasse Tyson Ruminates On How To Handle E.T. Encounters

    May 13, 2026

    At Least Six Dead Migrants Found in Trainyard near Texas Border

    May 13, 2026

    Trump Shares AI Image Of Democrats Bathing In Feces

    May 13, 2026

    Trump Rejects Iran Reply – ‘Laughing No Longer’

    May 13, 2026
  • Business

    Another Key Inflation Measure Blows Past Forecasts

    May 13, 2026

    Prices Skyrocket To Highest Level In Years As Fallout From Iran War Continues Ravaging Economy

    May 12, 2026

    Reynolds Launches $3,200,000,000 Investment In America-Made Smokeless Nicotine

    May 8, 2026

    CEO Trolls Rival By Using Their Platform To Fund His Attempted Takeover Of Company — But They Aren’t Amused

    May 7, 2026

    Americans May Be Stuck Paying Wartime Gas Prices Long After Iran Deal

    May 7, 2026
  • Finance

    Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

    May 13, 2026

    Alibaba’s AI Business Is Booming, But Its Profits Basically Disappeared

    May 13, 2026

    Oil little changed as Trump heads to China; US oil stocks fall more than expected

    May 13, 2026

    B&G Foods positions for “transformational year” as guidance raised

    May 13, 2026

    Intel Has Tripled in 2026. The Sell in May Case for the Year’s Biggest Comeback Story

    May 13, 2026
  • Tech

    EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

    May 13, 2026

    ‘AI Is Here,’ ‘We Can Work With It,’ ‘You Fight It … Is a Battle We Will Lose’

    May 13, 2026

    Google Reports First Known Case of AI-Developed Zero-Day Exploit Used by Cybercriminals

    May 13, 2026

    Microsoft CEO Satya Nadella Takes the Stand to Defend Relationship with OpenAI

    May 13, 2026

    Suspect Allegedly Asked Chat GPT ‘How to Make Bomb’, Targeted Louvre

    May 13, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Focus: BMW bets on a ‘Neue Klasse’ revival to catch Tesla
Business

Focus: BMW bets on a ‘Neue Klasse’ revival to catch Tesla

September 3, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

MUNICH, Sept 2 (Reuters) – BMW is once again turning to the “Neue Klasse” brand – this time as an electric vehicle – as the German automaker seeks to replicate past successes to catch up with trailblazer Tesla.

During the early 1960s, BMW (BMWG.DE) was a struggling enterprise with an uncertain future, overshadowed by Volkswagen (VOWG_p.DE), Mercedes-Benz (MBGn.DE) and the giants of Detroit.

The company’s leaders put all their chips behind a new car they called the “Neue Klasse,” or “new class.” Launched in 1962 as the BMW 1800, the Neue Klasse set the German automaker on course to become “the ultimate driving machine” company and one of the most successful brands in any industry.

Now, BMW is at another crossroads, and is turning again to a “Neue Klasse” to drive a new strategic direction.

BMW debuted at the Munich autoshow on Saturday a prototype for a “Neue Klasse” electric vehicle (EV) roughly the size of the current 3-series, the company’s best-selling model line.

The show car features panoramic information “head-up” displays projected on the windshield, as well as some traditional BMW design elements such as a distinctive angle – the Hofmeister kink named for the designer of the original Neue Klasse – in the rear side windows and the dashboard screen.

“We want to make this vehicle generation so modern that it looks like we skipped one generation,” BMW Chief Designer Adrian van Hooydonk said. “That is necessary because of those new players that are coming in. You know the debate that’s been going on: Oh, traditional OEM (manufacturer) over 100 years old, can you make this step? We can and we want to.”

See also  New Biden EV charger rules stress Made In America, force Tesla changes

The show car previews a multibillion-euro effort to jump the technology gap with Tesla (TSLA.O) and other EV makers that are winning customers with models and software-driven features many current BMWs do not match.

That is despite BMW being relatively early to embrace EVs with the launch of the i3 compact in 2013 – a car that never shifted large volumes and was eventually discontinued in 2022.

“Neue Klasse is by far the biggest investment in our history. Because the technology we are using all over BMW is all new in all areas, without exception,” Frank Weber, BMW’s chief technology officer, said in an interview ahead of the Munich event.

BMW executives did not disclose the total investment figures. The company is investing 2 billion euros ($2.2 billion)in new battery-making and assembly operations for the Neue Klasse at a plant in Hungary, one of the first factories to start building the vehicles.

When real Neue Klasse vehicles start to go down assembly lines in 2025, they will arrive 13 years after Tesla launched the Model S and redefined the ultimate driving machine for many affluent customers. Tesla and other EV startups already use key elements of the Neue Klasse design, such as a battery pack that forms part of the vehicle’s body structure to reduce weight and assembly cost.

‘COMPETITIVE OFFER’

BMW’s new compact models will enter a competitive segment where Tesla has started a price war. BMW has not announced prices for the Neue Klasse.

“It will be a very competitive offer,” Chief Executive Oliver Zipse told reporters ahead of the show. “We will not price ourselves out of this market.”

See also  Automakers Slowing EV Production After Biden’s Freebies Bite Dust

Tesla has also redrawn the business model around the vehicle – selling directly to customers, using over-the-air software upgrades to add features and constantly capturing vehicle data to improve driver assistance and other features.

“There is a multi faceted transformation that needs to take place” for established automakers such as BMW, said Evangelos Simoudis, a Silicon Valley venture capital investor and expert on vehicle software strategies.

Neue Klasse vehicles will be powered by 48-millimeter-diameter cylindrical batteries in different lengths. The batteries are similar in size and shape to those Tesla plans to use in its Cybertruck and other models.

The Neue Klasse is targeting a 50% reduction in battery pack costs and 25% more range per kilowatt-hour, a measure of efficiency, executives said.

BMW has begun overhauling its Main assembly plant in Munich, adjacent to the company’s headquarters, to build Neue Klasse vehicles, which will eventually replace current combustion models including the 3-series sedan and X3 utility vehicles.

The software systems and battery technology behind the Neue Klasse vehicles will be as challenging for BMW as the manufacturing transformation, if not more so.

Neue Klasse vehicles will have four “super brains,” to control propulsion, driver assistance systems, infotainment and other functions, Weber said. BMW is developing the driver assistance system with chipmaker Qualcomm. It is developing the propulsion and chassis controllers in-house, Weber said.

BMW is rolling the dice on using head-up displays, projected on the windshield, to counter the large video screens Tesla, Mercedes and others are using to pipe maps, music, conference calls and video games to drivers and passengers. Small head-up displays have been offered by automakers for years.

See also  Investors Scramble To Adjust Their Portfolios After Inflation Surge

“We are convinced head-up is the best way to display information,” said Stephan Durach, senior vice president for connected company development.

Developing the large-scale windshield displays has not been easy, Durach said in an interview. “It goes deep into the overall architecture of the car. You get rid of the instrument cluster, you do your steering wheels in a different way.”

($1 = 0.9263 euros)

Reporting by Joe White
Editing by Mark Potter

: .

Acquire Licensing Rights, opens new tab

Joe White is a global automotive correspondent for Reuters, based in Detroit. Joe covers a wide range of auto and transport industry subjects, writes The Auto File, a three-times weekly newsletter about the global auto industry. Joe joined Reuters in January 2015 as the transportation editor leading coverage of planes, trains and automobiles, and later became global automotive editor. Previously, he served as the global automotive editor of the Wall Street Journal, where he oversaw coverage of the auto industry and ran the Detroit bureau. Joe is co-author (with Paul Ingrassia) of Comeback: The Fall and Rise of the American Automobile Industry, and he and Paul shared the Pulitzer Prize for beat reporting in 1993.

Bets BMW catch Focus Klasse Neue Revival Tesla
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Another Key Inflation Measure Blows Past Forecasts

May 13, 2026

Trump Just Admitted Americans Aren’t His Focus In The Iran Negotiations

May 13, 2026

Prices Skyrocket To Highest Level In Years As Fallout From Iran War Continues Ravaging Economy

May 12, 2026

Elon Musk’s Tesla Recalls RWD Cybertrucks Because Wheels Could Fall Off

May 11, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Human Rights Atrocities ‘Prevalent’ in China’s Global ‘Green’ Mining

July 9, 2023

Passengers Sue Airline For Allegedly Removing Eight Black Men From Flight Due To Body Odor Complaint: REPORT

May 30, 2024

China’s Country Garden eyes debt deal, Evergrande creditors anticipate liquidation

October 9, 2023

Jeremy Renner Walks ‘Rennervations’ Carpet After Snow Plow Accident

April 12, 2023
Don't Miss

A look inside a North Country primary feud

Politics May 13, 2026

DAYS THE BUDGET IS LATE: 43 PRIMARY COLORS: Republican Assemblymember Robert Smullen sat down with…

Pop Star Hayley Williams Declares ‘F**k ICE,’ ‘Free Palestine’ at Concert

May 13, 2026

EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

May 13, 2026

Tiger Suffers Setback in Court as Judge Gives Prosecutors Access to Golf Legend’s Prescription Drug History

May 13, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,359)
  • Entertainment (4,479)
  • Finance (3,356)
  • Health (2,025)
  • Lifestyle (1,876)
  • Politics (3,212)
  • Sports (4,178)
  • Tech (2,086)
  • Uncategorized (4)
  • World (4,226)
Our Picks

China’s June factory activity slows as conditions weaken – Caixin PMI

July 3, 2023

‘Grandparent Scams:’ Crooks Are Targeting Seniors with AI-Powered Voice Cloning of Loved Ones

November 15, 2023

Catholic League Decries L.A. Dodgers’ Award to LGBT Group Known for Drag Queens in Nun Habits

May 17, 2023
Popular Posts

A look inside a North Country primary feud

May 13, 2026

Pop Star Hayley Williams Declares ‘F**k ICE,’ ‘Free Palestine’ at Concert

May 13, 2026

EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

May 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.