Harald Krüger, BMW's boss, has said that he will stand down with less than a year of his five-year term remaining
IN THE GRAND finale of #NEXTgen, an event held last month at BMW’s headquarters in Munich to show off the German carmaker’s vision for the future of mobility, Harald Krüger, its boss, unveiled the Vision dc Roadster. The staid 53-year-old mounted the futuristic, angular motorbike as if he were ready to ride off into the sunset. Shortly afterwards he was on his way. On July 5th Mr Krüger said that he would stand down with less than a year of his five-year term remaining.
It would be unfair to pin all the blame on the outgoing boss. All carmakers must contend with slowing sales in China, trade tiffs and costly investments required to cope with tighter emissions rules and other upheavals, such as electric vehicles , self-driving cars and mobility services like carsharing. Daimler, the maker of Mercedes and BMW’s arch-rival, has also seen its margins shrink and last month issued its third profit warning in a year.
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