BMW BMW-1.71%decrease; red down pointing triangle expects trade tensions between the U.S., China and European Union to cost it around 1 billion euros ($1.09 billion) this year, the carmaker’s ...

BMW confirmed the iX3 electric SUV will be the first of the "Neue Klasse" models to launch. The iX3 is scheduled to arrive late this year, and an electric 3-series sedan will follow in 2026.

Typically, a modern-day car requires on average over 5,000 feet (1,500 meters) of wiring for all its systems to work as intended. In the Neue Klasse, BMW plans to cut that by almost half ...