BMW achieved record sales in the past year, selling more than ever before. The global sales increased by 6.5% to approximately 2.55 million vehicles, following a strong final quarter. The sales of fully electric vehicles (BEVs) increased by 74% to 376,000 vehicles, making BMW grow faster in this segment than the overall market for fully electric vehicles. The company aims to sell more than half a million BEVs this year and increase its share in total sales to about 20%. All regions contributed to the automaker’s record sales, with growth of 4.2% in China, 7.5% in Europe, and 9.4% in the US.

Switzerland’s labor market is on the path to normalization in 2023, according to the latest figures published by the State Secretariat for Economic Affairs (Seco). Despite a slightly declining demand for labor, many companies continue to report difficulties in recruiting skilled workers. The average unemployment rate for 2023 is 2%, a decrease of 0.2 percentage points compared to 2022. The unemployment insurance recorded a surplus income of 2.79 billion francs.

Electric car manufacturer Tesla has to largely stop production in Grünheide near Berlin for about two weeks due to attacks by Yemeni Houthi militias in the Red Sea on ships. This has created a gap in the supply chains. The company stated that due to missing components, they are forced to suspend vehicle production in the Gigafactory Berlin-Brandenburg between January 29 and February 11. Production will be fully resumed from February 12. Tesla has been manufacturing electric cars in Grünheide since March 2022, where around 11,500 employees work. The company aims to double the production in Grünheide from the targeted 500,000 cars per year to one million per year.

The US Federal Aviation Administration (FAA) has launched an investigation against Boeing following an incident with a Boeing aircraft in which a part of the fuselage broke off during flight. The circumstances suggest that the aircraft manufacturer may have neglected its duties in production, inspections, and tests. Boeing was given ten working days to respond. The FAA had ordered to ground and inspect aircraft of the type Boeing 737-9 Max over the weekend.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Europe
Countries 🇩🇪 🇾🇪 🇨🇳 🇺🇸 🇦🇺 🇨🇭
Sentiment negative
Relevance Score 1
People Jochen Goller
Companies Tesla, Citigroup, UBS, Global Infrastructure Partners, Boeing, Blackrock, US-Luftfahrtbehörde FAA
Currencies US Dollar
Securities None

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