• Loading stock data...
Sunday, May 5, 2024

BMW Scales Back Motorsports, Amplifies EV

  • BMW is back on the road for the Mobil 1 Twelve Hours of Sebring.
  • The car manufacturer is also making strides with electric vehicles.
BMW Motorsports/Design: Alex Brooks

Led by three-time IndyCar champion Bobby Rahal, BMW Team RLL got back on the road over the weekend. 

The Twelve Hours of Sebring is part of the WeatherTech SportsCar Championship series and the second major endurance race of the 2021 season. The team last raced the Tour of Sebring in November after the race’s traditional March date was delayed due to the pandemic.

Despite Team RLL’s participation, BMW announced ahead of the race that it will limit its involvement in motorsports this year. The company will only be involved in four of the 13 scheduled SportsCar Championship series events. 

The decision comes as BMW focuses on electric vehicles. “We are intent on ensuring that the ‘greenest’ electric car on the market is made by BMW,” CEO Oliver Zipse said in a statement. The company expects half of its sales to come from electric vehicles by 2030. 

BMW recorded a pre-tax profit of $5.6 billion in the final six months of 2020 compared to $5.1 billion during the same period in 2019. Q4 specifically saw pre-tax profit reach $2.7 billion compared to $2.4 billion a year earlier.

BMW could have 2 million electric vehicles in circulation by 2025 and 10 million by 2030. It’s set to unveil its first all-electric sedan, the i4, later this year and hopes to have 25 electric cars in its lineup by mid-decade.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Iowa Athletes Sue State, Citing ‘Unconstitutional’ Tracking of Gambling

They claim investigators didn’t get warrants, misled about the purpose of questioning.

Rockies Coach’s Team Plane Cockpit Visit Triggers Federal Investigation

A since-deleted video shows him sitting in the cockpit mid-flight.

A’s Reach Deal to Leave Oakland for Sacramento After This Year

The A’s will play in a minor league park starting in 2025.

Ongoing NFL Network Cuts Hit On-Air Talent

The network also made cuts around the ‘Good Morning Football’ move to L.A.
podcast thumbnail mobile
Front Office Sports Today

How Red Bull Laps the F1 Competition and Builds the Brand

0:00
0:00

Featured Today

May 6, 2023; Miami Gardens, Florida, USA; Red Bull driver Max Verstappen (1) of the Netherlands walks through the garage area following qualifying for the Miami Grand Prix at Miami International Autodrome.

Max Verstappen Is Unstoppable. Is That Hurting F1 With New American Fans?

Formula One could be facing an inevitable plateau in the United States.
Apr 17, 2024; Tempe, Arizona, USA; Arizona Coyotes left wing Lawson Crouse (67) celebrates after scoring a goal during the third period against the Edmonton Oilers at Mullett Arena.
May 4, 2024

Everything to Know About the Coyotes’ Second Chance at NHL Life

The clock is ticking in order to restart a Phoenix expansion team.
April 28, 2024

Just Like We Drew It Up? Stadium Renderings Can Excite, Confound, and Anger

During a historic wave of development, drawings wield more power than ever.
The scene in the green room behind the NFL Draft Theater in Detroit on Tuesday, April 23, 2024. Thirteen college players who will be picked in the first round will be waiting in this large room with friends, family, agents and college coaches on Thursday night.
April 27, 2024

More NFL Draft Prospects Are Staying Home, and TV Networks Are Adjusting

Whether making or missing out on millions, more prospects are staying home.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Ukraine’s Improbable Soccer Run Continues With Euros Qualification

The country reaches its first major soccer tournament since Russia’s invasion began.
March 4, 2024

FIA President Under Investigation for Alleged F1 Race Tinkering 

Mohammed Ben Sulayem is being scrutinized for his role in overturning a crucial penalty at F1’s 2023 Saudi Arabian Grand Prix. 
March 6, 2024

Super Bowl LVIII Scores Big With International Viewers

The NFL gets a 10% global boost compared to last year.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
February 29, 2024

Paris Games Gain Momentum With $2B Completion of Olympic Village

The $2.2 billion housing project finished on time and was essentially on budget.
Everton goalkeeper Jordan Pickford passes during the first half against the Everton.
February 26, 2024

Everton Financial Punishment Trimmed After Appeal Is Partially Successful

Everton’s appeal of the EPL’s 10-point punishment was reduced to a six-point loss.
Lionel Messi
February 23, 2024

Copa América Tickets Climb in Latest Lionel Messi Effect

Tickets for Argentina’s game in Miami are pushing five figures.
German protests
February 21, 2024

German Football League Abandons Outside Investment After Protests

Bundesliga rethinks $1 billion media rights plan.