- BMW struck a 10-year deal with Qualcomm on July 29 for Snapdragon chips and AI accelerators to power next-gen digital cockpits and ADAS/autonomous driving systems.
- BMW CEO Milan Nedeljkovic said industry conditions shifted. Management is cutting costs and speeding restructuring to restore profitability amid weaker demand and a reduced profit outlook this year.
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Key facts: XETR:BMW signs 10-year Qualcomm deal; CEO orders cuts
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BMW struck a 10-year deal with Qualcomm on July 29 for Snapdragon chips and AI accelerators to power next-gen digital cockpits and ADAS/autonomous driving systems.BMW CEO Milan Ned