BMW is stepping up its sustainability efforts and has partnered with UAE-based Emirates Global Aluminum on a deal that provides solar-produced aluminum to the automaker. The move comes as BMW enhances the production of its fleet of electric vehicles and looks to have at least 25 models by 2023.
Aluminum is used to make body frames more lightweight and has extensive use throughout a car including wiring, wheels, and even engine parts. Nadine Philipp, head of sustainability at BMW, told Cheddar the goal is to reduce carbon dioxide (CO2) output.
"For a year, we save more than 220,000 tonnes [243,000 tons] of CO2 by this production and we can cover half of the demands of our plant back in Landshut [Germany] where we produce drive trains, for example, and body components," Philipp said. "So we are really happy that we have the set up there and that we can go on with the green aluminum."
With the EGA partnership, BMW expects to reduce carbon dioxide emissions by 2.8 million tons by 2030. The German car manufacturer joins a number of other automakers making an effort to bring down their carbon footprint within the first half of this century.
"We believe that this is key to the future of society, like committing to the Paris Climate Agreement targets. That's a key role, and we are part of this. We have a responsibility there and we have responsibility towards, of course, our own business, our customers, but [also] society," she added.
Though the luxury brand is making significant changes to production, Philipp said the quality of vehicles will not be compromised. For BMW, she said, efforts in sustainability are just as important as incorporating the latest technology into cars and is even demanded by the customer base.
Make sure your love don't cost a thing this Valentine's Day to any scammers. Note: we're not talking about your partner that didn't do the dishes after saying they would.
Landing founder and CEO Bill Smith shares how the company’s new Nomad pass and partnership with Frontier Airlines allows subscribers unlimited airfare and accommodations.
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
