First Independent Mena Newspaper
The official importer and distributor of BMW in Egypt, Global Auto Group, has announced plans to inject $100 million meant to develop its services and expand its footprints in the Arab country. Fahad Al-Ghanem, Chairman of the group, made the announcement to Asharq Business, Arab Business reports. Al-Ghanem also revealed that the company will resume […]
The German automaker, BMW, said Thursday that it plans to buy cobalt for the production of its electric vehicles from Moroccan mining company Managem Group as part of a five-year contract worth around €100 million ($113 million). The deal follows a memorandum of understanding on the direct purchase of cobalt signed between the two parties […]
The German carmaker BMW announced Tuesday it will from next year stop sourcing cobalt mineral from DR Congo and will shift to Morocco and Australia where working conditions are acceptable and not linked to child labor. The German company is planning to start producing electrical cars next year. BMW and other world carmakers are under […]