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

Feds launch Medicaid fraud crackdown in NYC adult day care centers

October 21, 2026

‘Slow Horses’ Season 6 Finale Recap: Olivia Cooke Interview

October 21, 2026

The Indian Government’s Job Statistics Are Misleading

October 21, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, October 21
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

    October 21, 2026

    JD Vance’s Ohio Rally Disaster May Have Gotten Sherrod Brown Elected

    October 21, 2026

    El-Sayed’s Muslim Brotherhood Boost… Look Who’s Cheering Him On! (VIDEO) * The Gateway Pundit * by Grant Stinchfield

    October 21, 2026

    Why Republicans’ massive cash advantage is evaporating on the airwaves

    October 21, 2026

    Trump Says Ilhan Omar “Might Go to Jail” – Calls Somalia a “Real Sh*t House” * The Gateway Pundit * by Jordan Conradson

    October 21, 2026
  • Health

    Feds launch Medicaid fraud crackdown in NYC adult day care centers

    October 21, 2026

    American Diabetes Association shakes up leadership

    October 21, 2026

    Ebola, Nigeria, Vaccines, CRISPR, Mark Cuban: Morning Rounds

    October 21, 2026

    Mark Cuban’s Cost Plus Drugs tackles expensive rare disease treatments

    October 21, 2026

    Counterintuitive approach floated to boost measles vaccine uptake

    October 21, 2026
  • World

    Amy Robach And T.J. Holmes’ Exes Are Now Engaged — To Each Other

    October 21, 2026

    Pro-Trump New York Post Warns How He Could Spark ‘Full-On Riot’ In GOP

    October 21, 2026

    Reporter Hits Back At Trump’s ‘Sick Person’ Jab With Pointed Health Update

    October 21, 2026

    Bush Family Member Rebukes Trump, Breaks From GOP In Key Race

    October 21, 2026

    Trump Dodges JD Vance 2028 Endorsement Question, With Vance Right Behind Him

    October 21, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    The Indian Government’s Job Statistics Are Misleading

    October 21, 2026

    The China-US Quantum Computing Contest

    October 21, 2026

    China’s AI Industry Brings Both Gains and Challenges for Its Fragile Economy

    October 21, 2026

    Goldman Sachs, JPMorgan, Morgan Stanley dominate AI stock boom

    October 21, 2026

    Taiwan’s Tech Diplomacy Has a Labor Problem

    October 20, 2026
  • Tech

    Texas AG Ken Paxton Sends Compliance Letters to 156 Data Centers over Water Usage Reporting

    October 16, 2026

    Musk Unveils Flying Tesla Roadster at SpaceX Texas Site

    October 16, 2026

    Nvidia’s Jensen Huang Says U.S. ‘Absolutely Must’ Work with China on AI Safety

    October 16, 2026

    8 States Sue OpenAI Alleging ChatGPT Deceived Parents and Harmed Children

    October 16, 2026

    Poll Shows Mike Rogers Edging Out Abdul El-Sayed in Michigan Senate Race

    October 15, 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  ‘You’re Putting Words In My Mouth’: Hakeem Jeffries Snaps Back At CNBC Host Pressing Him On Dems’ Role In Inflation

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  EXCLUSIVE: GOP State Officials Urge Asset Management Giant To Stop Its ‘Wholly Partisan’ Push For Green Initiatives

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  Elon Musk's Cybertruck Gives Tesla Big Production Headaches as Launch Date Looms

“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

Rita Wilson Returning for Lena Dunham’s ‘Girls’ Revival

October 19, 2026

(VIDEO) Trump Responds After Elon Musk Unveils Flying Tesla Roadster * The Gateway Pundit * by Jordan Conradson

October 16, 2026

Musk Unveils Flying Tesla Roadster at SpaceX Texas Site

October 16, 2026

New Hampshire Fisherman’s 1,116-Pound Bluefin Tuna Catch Smashes State Record

October 9, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

India Charges Four Journalists with ‘Misrepresenting’ Manipur Violence to ‘Provoke Clashes’

September 7, 2023

It’s Been a Red Bull Season

May 18, 2023

6 Steps To Follow If You’re Looking To Transform Your Life

February 7, 2024

AI Cuts Gate Dwell to 30 Seconds as Eagle Grows 350%

September 4, 2026
Don't Miss

Feds launch Medicaid fraud crackdown in NYC adult day care centers

Health October 21, 2026

Tara covers the business of health care. Her stories focus on hospitals, doctors, and how…

‘Slow Horses’ Season 6 Finale Recap: Olivia Cooke Interview

October 21, 2026

The Indian Government’s Job Statistics Are Misleading

October 21, 2026

Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

October 21, 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 (4,399)
  • Entertainment (7,545)
  • Finance (5,263)
  • Health (2,972)
  • Lifestyle (1,962)
  • Politics (5,040)
  • Sports (5,499)
  • Tech (2,833)
  • Uncategorized (4)
  • World (7,844)
Our Picks

Eight-Year-Old Stabbed by Teenager at School in Germany

August 25, 2023

Pop Star Charli XCX to Donate Tour Ticket Proceeds to the Transgender Law Center

June 10, 2026

Bayer ordered to pay $1.56 billion in latest US trial loss over Roundup weedkiller

November 19, 2023
Popular Posts

Feds launch Medicaid fraud crackdown in NYC adult day care centers

October 21, 2026

‘Slow Horses’ Season 6 Finale Recap: Olivia Cooke Interview

October 21, 2026

The Indian Government’s Job Statistics Are Misleading

October 21, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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