BMW Names Production Chief Oliver Zipse New CEO

The transcript discusses the leadership transition at BMW, highlighting Oliver Zipse's appointment as CEO following Harold Kruger's early resignation. Kruger faced challenges in bridging tensions within the BMW Board, particularly regarding the pace of transition to electric and self-driving cars. Zipse, previously head of production, is now tasked with leading BMW's efforts in these areas while managing financial challenges and convincing the board of his vision for the company's future.

How does the current market situation affect BMW's operations?

What is the significance of the transition to electric and self-driving cars for BMW?