• Loading stock data...
Sunday, August 10, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

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

exclusive

PGA Tour Slashes FedEx Cup Winner Pay From $25M to $10M

The FedExCup is reworking how it distributes its bonus money.

CBS Debuts FedEx Cup Playoffs Coverage Under $6.3B PGA Tour Deal

The FedEx Cup Playoffs have primarily been broadcast by NBC since 2007.

LIV Series Latest To Offer ‘Inside The Ropes’ Access — For A High Price

Greg Norman’s LIV Golf will be the latest to offer well-heeled customers ‘Inside the Ropes’ access to their favorite golf stars.

How Mercedes’ Departure Reshaped Formula E

Mercedes left Formula E in the same month that it announced a major EV investment. The move forced a reckoning at the racing series.

Featured Today

Dec 14, 2019; Philadelphia, PA, USA; President Donald Trump wave during the second quarter of the game between the Navy Midshipmen and the Army Black Knights at Lincoln Financial Field

‘Political Gold’: Trump Putting His Stamp on College Sports 

Trump has embraced executive action on hot-button college sports issues.
August 3, 2025

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty
August 2, 2025

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Las Vegas sign
July 29, 2025

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’
Teahupo'o Tahiti Surfing
July 26, 2024

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.