Vogue Singapore Innovation Prize 2024: Empowering Asian Entrepreneurs

The Vogue Singapore Innovation Prize 2024, in partnership with BMW, has culminated in selecting two finalists for the grand prize. Off/Script, a community-led product creation platform, and PAKT, a circular wardrobe service, are vying for the SGD$20,000 cash prize and a host of other benefits. Both companies champion sustainable practices and are poised to revolutionize their respective industries.

BMW Adjusts 2024 Financial Guidance Due to Sales Slump

German automaker BMW has revised its financial guidance for 2024, citing a decline in global sales. This adjustment is attributed to technical issues with its Integrated Braking System, impacting over 1.5 million vehicles and leading to additional warranty costs. The company also faces subdued demand in China, despite government stimulus measures. As a result, BMW now anticipates a slight decrease in deliveries and a lower EBIT margin for 2024.

Toyota and BMW Expand Partnership to Advance Hydrogen Fuel Cell Technology

Toyota Motor Corporation (TM) has announced an expanded collaboration with BMW to develop a new generation of hydrogen fuel cell powertrain systems, aiming to accelerate the adoption of hydrogen-powered vehicles. This partnership will see the launch of BMW’s first series production fuel cell electric vehicle (FCEV) in 2028 and will leverage both companies’ expertise in electric drive technologies.

BMW Recalls Mini Cooper SE Electric Vehicles Due to Battery Overheating Concerns

BMW is recalling its Mini Cooper SE electric vehicles globally due to potential battery overheating issues. The recall affects over 140,000 cars, including 39,000 in Germany alone. While no accidents or injuries have been reported, BMW acknowledges that overheating could lead to a fire even while the vehicle is parked. The company is urging owners to visit a Mini partner for inspection and potential repairs.

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