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BMW i8
Introduction
Bayerische Motoren Werke AG commonly known as BMW or BMW AG, is a German automobile, motorcycle and engine manufacturing company founded in 1916.It also owns and produces Mini cars, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad. BMW has been winner of many racing championships (Bhasin.2016).
In 2014, BMW launched a new campaign for their revolutionary hybrid electric cars, the “i8”. It is the company’s first plug-in hybrid, with a breathtaking design and brand new features. The technology behind the i8 is the combination of the efficiency of an all-electric motor and the Twin Power turbo engine that delivers a unique and exhilarating driving performance.
Launch Campaign
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A combination of an electric and petrol engine in the i8 helps maintain such efficiency in various driving conditions; the design itself is specific to maximizing fuel efficiency.
Political Factors
The main political factors automobile companies like BMW face in the US are:
1. Legislations enforcing a certain limit a production vehicle should emit in CO2.
2. Recycling is a key political factor BMW must abide by to ensure a safer, more clean environment.
3. Government authorities may apply heavy taxation in order to prevent the automobile industry from abusing fossil fuel and CO2 emissions.
Hence, the production of a hybrid car especially the i8 would come as a remedy and solution for such factors.
Cultural/Social Factors
The i8 is a symbol fuel efficiency and environmental awareness. It is also a status symbol as the sleek design of the vehicle attracts the wealthy to buy. It has created a sort of trend among buyers of the finer things to seek a product that is both appealing in design and use as well as socially conscious and environmentally
Nonetheless, SUV.org is still, in my opinion, the most valid argument of all the articles. In closing, we as Americans are required to ensure the longevity of our planet whether it be quality of the air or the preservation of all things green. Works Cited Bragg, John. “The American Dream: Why Environmentalists Attack the SUV.”
Increasing environmental awareness, coupled with a responsible American government and improved technology, have all contributed to the comeback of low-and zero-emissions vehicles in the US. It remains to be seen whether the automakers and oil companies will once again work to halt this progress, or embrace it as the technology of a more responsible future.
With new diesel technology in today’s world, I think people should consider trying or using new diesel cars and trucks as well as the use of clean diesel.
The majority of people, especially in America, cannot go about their daily lives without a car. Automobiles have instilled themselves in peoples’ lives and shown their usefulness since their debut in 1769. Since then, humans have redesigned and refined the automobile thousands of times, each time making the vehicle more efficient and economical than before. Now as the world approaches an ethical decision to dwarf all others, many people look toward automotives for yet another change. The emergence of the hypercar due to ecological turmoil exemplifies the change the world has demanded. Hypercars alter everything people know about automotives, modern ecology, and fuel efficiency. Not only do hypercars offer a solution to many ecological problems humans are faced with now, they also represent the only logical area for the automotive industry, and by some stretch American society, to expand.
The world of technology is ever changing and advancing. With the automotive industry in play technology is constantly surpassing what is available today with what can be done for tomorrow. Technology and the automotive industry go hand in hand with constant improvement to components of cars. Due to technology advancement there is competition within the car industry, especially between American car companies and European car companies. European car companies provide their buyers with innovative variety and revolutionary luxuries. European car technology is superior to American car technology due to their safety, entertainment, and luxury features.
The parallel hybrid system involves an internal combustion engine and an electric motor that assists the engine to provide torque and power for the vehicle to move using a power splitter, a set of gears (Nice & Layton 2000). Since the electric motor used is small, these hybrids cannot be solely powered by the motor. In series-parallel hybrids, there is an internal combustion engine and an electric motor. The power generated by both sources can be used to drive the wheels or charge the batteries. The vehicle can be powered solely by the electric motor or the internal combustion engine or even both simultaneously (Nice & Layton 2000). In a series hybrid vehicle, the vehicle is driven by the electric motor only without mechanical connections to the internal combustion engine, which only recharges the battery that powers the vehicle when the battery charge is low (Wu 1995). This system was invented by Ferdinand Porsche, the founder of Porsche, in 1900 (Lampton 2009).
The idea of the hybrid electric vehicle (HEV) has been around for longer than a decade, as many people may not have originally thought. In fact, hybrid vehicles have been in development for the past century. The combination of an electric motor and a gasoline engine has been stirring in the minds of scientists and inventors alike for many years. Hybrid cars have surpassed many feats as it's progressed through the years, such as increased gas mileage and reducing the pollutants that regular internal combustion engines expel. While the hybrid car is in high demand at the present time, some people believe these cars are just a quick resolution before bigger and better ideas, such as fuel cell vehicles, begin taking over the automobile industry. Still, the development of the hybrid car has had many effects on today's society and may continue to in the future.
Porsche is always a want to consumers because they have the mind of concept that owning Porsche is meant for upper social class and it could bring them to a higher status as the value is high. Therefore, the Porsche 914 and 944 models were out in the market in 1970s and 1980s to attract consumers from different social classes who could not afford a traditional Porsche model. At that time, consumers bought the 914 and 944 models to satisfy their needs and wants because they wanted the image of the brand. It also boost their confidence and low self-esteem while being associated with upper social classes.
Another strategy used by BMW to differentiate itself from other automakers in the market is the proactive usage of technology and innovativeness in the development of products. From the early 1990’s, BMW has been on the forefront of incorporating technology in its designs in line with the technological advances of the modern world. This has led to the creation of inventive products. The uniqueness of these auto products put BMW in a position of advantage. The development of the hydrogen car as early as 2000 was an indicator of the company’s innovative strategy. In addition, the company also presents itself as environment friendly creating a whole range of vehicles in this category. This is a differentiation strategy meant to boost the company’s image and reputation amongst customers. In addition, this gives the environment conscious customers a variety of products to choose from giving BMW an upper hand in the industry.
Market Segmentation, Positioning and targeting for BMW 1.1 Introduction This report aims to examine the market segmentation, positioning and targeting of BMW (automobile company). BMW will be examined giving information about the company and where it is now and any recommendations that we feel are appropriate. 1.2 BMW Company Profile BMW was formed in 1917, from the merger of two small aero engine makers. Their famous blue and white symbol stems from the colours of the Bavarian Luftwaffe and is said to resemble the view of the one of their plane through a propeller. BMW is renowned for its sporty, sophisticated & luxury image which has been built up since the 1970's with many motor sport victories ranging from Touring Car to Formula 1.
Today, people use their own personal vehicles to travel more than ever before. Personal transportation is no longer considered a luxury; it is now considered a necessity. The number of cars in the United States has been growing steadily since the 1970s. The number of miles traveled by cars has risen nearly 150 percent, yet the United States population has only grown roughly 40 percent during that time (hybridcars.com, Driving Trends). Although it may seem like we are advancing into the future, in reality, we are moving backwards from the effects these vehicles have on our bodies and the environment. The pollution produced by these vehicles has brought us to the day where we must find other modes of transportation that cause less harm to the world in which we live. Advances in technology have developed hybrid vehicles to try and slow down the amount of pollution. Driving a hybrid vehicle, instead of a conventional gas powered vehicle, can reduce the amount of pollution that affects our lives and the environment around us.
... on foreign oil. As of now hybrids do not have the popularity in the world that is needed. If the world continues to pollute at the rate it is going at now, the implications will be serious. More effort is needed from everyone to make this world a better place, and while hybrid vehicles are going to be extremely important, that is not the only thing that can be done. If one is not in a position to be able to drive a hybrid vehicle, other opportunities are out there to help the environment. Recycling is something that always helps the environment, and doing things such as walking, riding a bike, or even taking the bus can have bigger impact than is thought. This writer concludes that hybrid vehicles are an integral part of making a greener environment. Without them, along with the increasing rate of pollution, many countries are headed on a crash course for disaster.
BMW has captured the attention of automobile drivers from all around the world with their “Ultimate Driving Machine.” The BMW Company was originally established in Germany and has extended nationally reaching over 12 countries. With Germany and the United States being the top two target countries, BMW has established their products as a combination of luxury, safety, and comfort with product lines to suit all styles of living. Revenues have been increasing each year since before 1996 with profits coming from product line of automobiles and motorcycles. In 2001, BMW came out with a new product group, the Mini. The Mini also contributed to the revenue increase in 2001. BMW has current developments in their sports cars, the Z8. BMW has created a trustworthy name for the automobiles they produce and has all the potential to continue their success in the future.
BMW was found in 1913 by Karl Rapp as an aircraft engine design shop. After WWI, it started building motorcycles and then expanded into motor vehicles industry during the 1930's. After WWII, the company suffered again but survived later when Herbert Quandt took over the control in 1959. The company rapidly grew considerably and reached a market value of nine billion U.S. dollars in 1979; however, it was still small compared to the big U.S. auto manufacturer. Profits continued to grow up quickly. By 1995, BMW had thirty-four wholly owned subsidiaries, fourteen in Germany and twenty around the world. They also discovered that U.S. market would be the largest and fastest growing market for BMW.
Bayerische Motoren Werke AG, shortly known as BMW, is a German manufacturer of luxurious automobiles and motorcycles. BMW group is not simply one name: it is also the parent company of other premium brands such as the MINI, the Rolls-Royce and the motorcycling company Husqvarna. For the purpose of providing a maximum of details, this essay will just focus on the automobile part of BMW as it is more significant than the motorcycle segment and since they have a lot of overlapping factors.