Autoline Daily 2023: Top Industry News for March 16

BMW Expects Big Boost from EVs; Distracted Driving Underestimated; VW Reveals Sub 25,000 Euro EV Concept

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BEV Version of New BMW 5-Series Confirmed

From TU Automotive
BMW will celebrate the 50^th anniversary of its executive level 5 Series Sedan with the unveiling of the model’s eighth generation car and confirming a BEV variant “in a few months’ time”.

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GM Works to Protect Truck Profit Margins

Demand for General Motors’ trucks is down due to higher interest rates and slowdowns in the housing market. Idling one plant is intended to ease the oversupply and maintain light-truck profits.

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Citroën Bows to Demand and Turns Back to ICE

From TU Automotive
In a clear indication that the European automotive market is not ready for mass transition to BEVs, French brand Citroën is reintroducing ICE powertrains to its compact people-carrier range.

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Tesla’s Investor Day Lays Out Legacy Automakers’ Barriers to BEV Success

For Wards Intelligence Subscribers
Tesla’s Investor Day presentation left its intended audience disappointed but underscored the constant improvement Tesla manufacturing undergoes and just what’s stopping legacy automakers from doing the same.

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