|Bid||77.58 x 0|
|Ask||77.59 x 0|
|Day's Range||76.85 - 78.30|
|52 Week Range||67.73 - 93.87|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||7.18|
|Earnings Date||May 7, 2019|
|Forward Dividend & Yield||3.50 (5.09%)|
|1y Target Est||93.69|
Harald Krüger became the CEO of Bayerische Motoren Werke Aktiengesellschaft (FRA:BMW) in 2015. First, this article will compare CEO compensation with compensation at other large companies. After that, we will consider th...
In a vote Wednesday, the European Parliament ratified draft rules by the European Commission, the bloc’s executive body, which endorse WiFi technology pushed by VW, General Motors Co., and Volvo Group. The European Council of member states still have a say on the draft rules and could decide to veto it.
European Union countries gave initial clearance on Thursday to start formal trade talks with the United States, EU sources said, a move designed but not guaranteed to smooth strained relations between the world's two largest economies. The European Commission, which coordinates trade policy for the 28 member European Union, has sought clearance for two negotiating mandates -- one to cut tariffs on industrial goods, the other to make it easier for companies to show products meet EU or U.S. standards. The Commission presented its mandates in January and found support from most EU members.
Daimler AG and Volkswagen AG shares also slumped, though less than their rival, and VW recovered later. The EU announced in September it had opened a probe into BMW, Volkswagen and Daimler AG over suspected collusion that could have delayed clean-emissions technology for cars.
BMW said it’s contesting the allegations “with all legal means,” but that it’s probable the European Commission will issue a significant fine. The EU announced in September it had opened a probe into BMW, Volkswagen AG and Daimler AG over suspected collusion that could have delayed clean-emissions technology for cars, and sent the manufacturers a statement of objections earlier Friday. BMW, which said its Ebit margin may be as much as 1.5 percentage point lower than its target for at least 6 percent this year, may suffer worst from any fine.
The European Commission said it sent the companies a statement of objections, laying out allegations that the German automakers participated in a cartel to limit or delay two types of technology for diesel and petrol cars, according to an emailed statement Friday. Companies can contest the charges before the EU makes a final decision, which usually brings heavy fines. VW, Daimler and BMW may have colluded through technical talks on selective catalytic reduction systems between 2006 and 2014.
Germany’s painful industrial slump shows little sign of ending, with factory orders plunging the most in a decade in February, led by a drop in exports. The bad news from the Economy Ministry was followed just hours later by new forecasts for 2019 that predicted the weakest growth in six years. Trade tensions and Brexit woes are two factors likely behind the slump, while there’s also weaker demand, particularly in China, for cars and other German products.
Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation and accelerate the development of 'smart' factories. It's the second alliance of its kind in a week after Volkswagen and Amazon Web Services teamed up to connect the German car maker's 122 group plants to improve production systems and processes. "Microsoft is joining forces with the BMW Group to transform digital production efficiency across the industry," Scott Guthrie, executive vice president, Microsoft Cloud + AI Group, said of the alliance that was announced during the Hanover Messe industrial trade fair.
The two companies have not disclosed how much they intend to invest in theproject -- we have sent a message to ask
German new car registrations fell by 0.5 percent to around 345,500 in March, a person familiar with the numbers told Reuters on Tuesday, adding that order levels were however better than those figures showed. The source said the drop - which comes after new car registrations rose by almost 3 percent in February - was probably due to several thousand fewer cars being sold due to carnival celebrations at the beginning of the month. The source said new car registrations had risen by 0.2 percent to 880,000 during the first quarter.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Bayerische Motoren Werke Aktiengesellschaft's (FRA:BMW) released its most recent earnings update in December 2018, which...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BMW Bank of North America and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
FRANKFURT/BEIJING, March 28 (Reuters) - Daimler will build its next generation of Smart electric cars in China through a joint venture with Geely, as a way to increase economies of scale in a market segment that is struggling to turn a profit. China's Geely built a stake of almost 10 percent in Daimler last year, saying it wanted to forge an alliance to develop electric and self-driving cars to better compete against new competitors such as Uber and Google.
Ghosn was head of the giant Renault-Nissan carmaking alliance and one theory for his downfall was that he was pushing too hard for a full combination of the French and Japanese companies. This is surprising, to put it mildly.
How much can really be blamed on China, though? Sure, the country is big: China’s auto market accounted for more than a third of global passenger vehicle sales last year and 70 percent of the industry’s growth. The nation’s six largest auto-related firms explain around 15 percent of fluctuations in German GDP while accounting for only 10 percent of gross value added, or output, according to a Goldman analysis.
China's Great Wall Motor Co Ltd said on Friday its 2018 net profit rose 3.58 percent, even as China's economy slows and competition gets fiercer. Great Wall, China's top sports-utility vehicle (SUV) maker and BMW's local partner, reported full-year net profit of 5.21 billion yuan ($776.16 million), up from the previous year's 5.03 billion yuan. Its popular models include China's best-selling SUV Haval H6 and the Wingle series of pickup trucks.
“They have BMW, they have Mercedes, they have a lot of very good cars that come in,” he said in an interview with Fox Business Network’s Maria Bartiromo airing Friday. Trump answered “well, no” after he was asked whether foreign cars represent a national security threat to the U.S. -- the subject of a Commerce Department study Trump ordered last year.
Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said. Daimler's rival BMW became the first to take advantage of the changes when it agreed in October to buy control of its venture with Brilliance China Automotive Holdings Ltd for 3.6 billion euros ($4.08 billion). Caps on foreign ownership previously prevented overseas carmakers from controlling any Chinese maker or joint venture with foreign peers.
Shares of General Motors fell more than 3 percent Wednesday after BMW warned of lower profits due to international trade tension and the potential ripple effects from Brexit.