Electric Cars

A rare and exceptionally well-maintained 1988 BMW E28 M5, a true legend in the automotive world, has surfaced for sale. This particular model, a black-over-Natur leather example, boasts a remarkably low mileage of 59,000 miles and is one of only 1,239 units ever imported to the United States. It showcases an array of period-appropriate performance enhancements that significantly boost its desirability and driving dynamics, making it a compelling acquisition for collectors and performance enthusiasts alike. The vehicle's history, while noting some minor mileage discrepancies, confirms its overall pristine condition, a rarity for a car of its vintage.

Vintage Performance Icon: The 1988 BMW E28 M5 Hits the Auction Block

The automotive community is buzzing with the news of a pristine 1988 BMW E28 M5 being offered for sale on Bring a Trailer. This particular model year, revered as the pioneering \"super sedan,\" established the benchmark for high-performance luxury vehicles and laid the groundwork for future BMW M series cars. Produced between 1985 and 1988, only a limited number of these exquisite machines, precisely 1,239, made their way to American shores, rendering each surviving example increasingly valuable.

This M5 stands out not only for its low mileage of 59,000 but also for its meticulous upkeep and thoughtful upgrades. The heart of this classic, its original M88 3.5-liter inline-six engine (a powerplant originally derived from the iconic BMW M1 supercar), underwent a significant rebuild and expansion to 3.6 liters in 1998 by the esteemed specialists at Korman Autoworks. This modification effectively restores and enhances the engine's power, which was originally detuned for the North American market, boosting it from 256 hp to deliver more exhilarating torque and overall performance. Recent servicing has ensured its mechanical integrity, including the installation of a new water pump and ignition components, alongside a refreshed Getrag five-speed manual transmission and a limited-slip differential, ensuring seamless power delivery.

Luxurious amenities from the 1980s are still present and fully functional, including heated power sport seats, cruise control, and air conditioning. The car also features its distinctive 16-inch basketweave BBS wheels. Modern handling is provided by Bilstein shocks and H&R lowering springs, which enhance agility while preserving the sophisticated ride comfort characteristic of this classic sedan.

Originally priced at approximately $48,000 in 1988, the E28 M5’s market value has appreciated considerably. Today, well-preserved examples typically command prices ranging from $40,000 to $80,000, with exceptional units fetching six figures. Currently, with an ongoing bid of $32,500 and six days remaining in the auction, this enhanced M5 offers an attractive opportunity for enthusiasts to own a piece of BMW's storied past. Its recent sale and subsequent acquisition by a California dealer underscore the strong market confidence in its enduring appeal and quality. This vehicle remains celebrated as one of the greatest M5s ever produced and was the fastest sedan of its era, boasting nearly half the weight of contemporary M5 models and often available at a fraction of their cost, making it an irresistible proposition.

The availability of this 1988 BMW E28 M5 serves as a powerful reminder of automotive engineering's golden age, highlighting how timeless design and thoughtful modifications can elevate a classic to new heights. It encourages a reflection on the evolution of performance vehicles, noting the increasing size and complexity of modern cars compared to the purist ethos of earlier models. This M5's blend of historical significance, enhanced performance, and robust market value underscores the enduring passion for classic automobiles and the unique joy derived from driving a machine built with precision and soul.

Bosch's Strategic Restructuring: Navigating a Shifting Automotive Landscape

Bosch Initiates Comprehensive Workforce Restructuring

Robert Bosch GmbH, widely recognized as Bosch, a global leader in automotive component supply, is embarking on a significant organizational overhaul. Reports indicate the German conglomerate intends to eliminate approximately 13,000 jobs, representing about three percent of its total global workforce, by the year 2030. This strategic maneuver is a direct consequence of a decelerating European automotive sector, escalating operational costs, and intensified market competition, particularly from emerging Chinese rivals.

Persistent Financial Challenges in Bosch's Mobility Sector

Bosch has been engaged in workforce optimization for an extended period. Despite these efforts, its mobility division, responsible for producing a wide array of automotive parts from spark plugs to advanced self-driving car software, continues to incur substantial financial losses, estimated at around 2.5 billion Euros (approximately 2.9 billion U.S. dollars) annually. This ongoing deficit underscores the profound challenges facing the unit.

Dual Pressures Shape Bosch's Market Position

The company faces a formidable set of challenges from multiple directions. On one hand, the demand for new vehicles in Europe remains subdued, prompting automotive manufacturers to scale back their procurement orders. Concurrently, Bosch contends with aggressive competition from Chinese counterparts, who offer significantly more cost-effective batteries, electric motors, and electronic components. Markus Heyn, the Bosch board member overseeing the mobility business, acknowledged the complex global environment, stating that "Geopolitical developments and trade barriers such as tariffs are creating significant uncertainties that all companies must contend with." He further emphasized the company's objective to "seize growth opportunities wherever possible and position our Mobility sites worldwide for the future," anticipating a further escalation of competitive pressures.

Germany to Bear the Brunt of Job Reductions

A substantial portion of these impending job cuts will affect Bosch's facilities in its home country of Germany. This will undoubtedly have a profound impact, given Bosch's deep historical ties to the nation's industrial heritage. For instance, at Feuerbach, one of Bosch's oldest operational sites, an estimated 3,500 positions are projected to be eliminated by 2030, primarily due to diminished demand leading to underutilized production capacity. Similarly, the Schwieberdingen facility anticipates a reduction of 1,750 jobs, attributed to weak order volumes and delays in deploying novel technologies. In Waiblingen, Bosch plans to cease operations at an entire plant, affecting 560 employees by 2028. Furthermore, approximately 1,550 roles will be phased out in Bühl, a center for small electric drive systems, while Homburg, a key production hub for diesel truck components, will see about 1,250 positions disappear.

Broader Economic Headwinds Impacting Germany's Industrial Landscape

Bosch's struggles are not isolated; they mirror broader challenges confronting Germany's industrial sector. The country has grappled with elevated energy costs since the Russia-Ukraine conflict, rising labor expenses driven by demographic shifts, and the complexities introduced by international trade tariffs. Major German automakers, including Volkswagen and Porsche, are also implementing job cuts and reducing production volumes in response to declining sales in China and the repercussions of U.S. tariffs. This trend extends to other key suppliers like Continental and ZF Friedrichshafen, which are undertaking similar cost-cutting initiatives.

Bosch's Commitment to Innovation Amidst Austerity Measures

Despite the significant restructuring, Bosch remains steadfast in its long-term vision, having made considerable investments in electric vehicles, battery technology, and hydrogen-powered solutions. These pioneering endeavors, however, come with substantial financial commitments. Stefan Grosch, Bosch's labor director, reiterated the company's unwavering commitment to Germany, emphasizing that "Germany remains central for Bosch. But we have to become more efficient to hold our ground in global competition." This statement highlights a delicate balance between maintaining a strong presence in its home market and enhancing global competitiveness.

Potential Repercussions for the American Automotive Sector

The operational adjustments at Bosch could have significant ripple effects on the vehicles purchased by American consumers. As the preeminent Tier 1 automotive supplier, Bosch furnishes components to virtually all major car manufacturers, including American giants like Ford, GM, and Stellantis, as well as Japanese brands such as Mazda and Mitsubishi. The decision to eliminate 13,000 jobs transcends a typical corporate reorganization; it signifies a profound transformation within the global automotive industry. Established industry players are facing unprecedented pressure from newer entrants capable of delivering comparable products at significantly reduced costs, posing a formidable challenge to traditional market leaders.

Supply Chain Vulnerabilities and Consumer Debt Concerns

Should Bosch's operational stability continue to be precarious, the U.S. automotive industry could encounter critical disruptions in its supply chain. In a market where American car buyers are already managing substantial levels of debt, such disruptions could trigger economic consequences too severe to easily absorb, potentially impacting vehicle availability, pricing, and overall market stability.