|Bid||62.54 x 0|
|Ask||62.58 x 0|
|Day's Range||62.04 - 62.66|
|52 Week Range||61.14 - 86.74|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||5.77|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||3.50 (5.64%)|
|1y Target Est||93.69|
In a letter to California Governor Gavin Newsom signed by 17 major automakers including General Motors Co, Toyota Motor Corp and Volkswagen AG, the companies urged a compromise "midway" between the Obama era standards that require annual decreases of about 5% in emissions and the Trump administration's proposal that would freeze vehicle emissions requirements at 2020 levels through 2026. The automakers are making a last-ditch appeal to try to revive talks in order to avoid years of uncertainty over what rules they will face.
BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. The automaker also foresees no immediate change to its investment plans for North America, said Oliver Zipse, BMW board member in charge of production. Zipse was in the central Mexican city of San Luis Potosi for the inauguration of a $1 billion BMW plant.
Moody's Investors Service has assigned provisional ratings of (P) Aaa (sf) to the 2019-1 senior notes to be issued by BMW Canada Auto Trust (BMWCAT 2019-1). The rated notes are collateralized by a pool of closed-end retail automobile lease contracts and related new BMW motor vehicles. All leases were originated by BMW dealers, in accordance with underwriting standards of BMW Canada Inc. (BMW Canada).
BMW will maintain its investment plans for the North American region despite threats by U.S. President Donald Trump to impose tariffs on Mexican exports to the United States, a board member of the German carmaker said on Thursday. BMW also sees no reason to change the firm's plans for Mexico at the moment, said Oliver Zipse, BMW board member in charge of production. Zipse was in the central Mexican city of San Luis Potosi for the inauguration of a new BMW plant.
BMW spent about $1 billion on the plant, set in the vast arid plains of San Luis Potosi in north-central Mexico. The timing comes just days after President Trump threatened to impose a 5% tariff on all goods imported from Mexico on June 10, unless that country takes unspecified steps to stop illegal migration from Central America.
A JLR spokesperson would not comment on specific details about the plans whenasked if Jaguar will stick with the architecture it created for its first all-electric vehicle, the I-Pace
Jaguar Land Rover, owned by India’s Tata Motors Ltd., will cooperate on BMW’s fifth generation of electric drive technology, the companies said in a statement on Wednesday. It forms the backbone of a BMW electric model offensive set to start next year with the introduction of an electric X3 sports utility vehicle.
Jaguar Land Rover and BMW will work together to develop electric-vehicle technology, the latest collaboration as rival carmakers across the world seek to spread their investment costs. The two companies will jointly work on electric drive units, which transfer power from batteries to the wheels, and pool some research and development resources and purchasing. Both companies are seeking to cut costs to counter the squeeze on their current businesses from falling sales and trade costs, while also trying to invest in technologies needed for the future, such as electric cars.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Sonic Automotive, Inc. New York, May 31, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sonic Automotive, Inc. 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.
Does the May share price for Bayerische Motoren Werke Aktiengesellschaft (FRA:BMW) reflect what it's really worth...
Germany will extend for another year a bonus scheme to encourage people to buy electric cars, Die Welt newspaper reported on Thursday, another sign of Berlin's eagerness to support a sector in which it lags U.S. and Asian rivals. The newspaper said the cash-for-clunkers bonus, first introduced as a stimulus measure after the post-2008 economic slowdown6, would be extended until 2020, with buyers getting up to 4,000 euros ($4,455) cashback on some kinds of electric cars. The bonus scheme currently being extended, specifically targeting electric vehicles, was introduced for three years in 2016.
Developers of a multi-rotor hover craft billed as the first flying vehicle to be powered by hydrogen fuel cells unveiled a full-scale model on Wednesday in Southern California, in a show-and-tell that raised some eyebrows but never left the ground. A mockup of the futuristic aircraft, dubbed "Skai" by its inventors, was put on exhibit for investors, the news media and other invited guests outside the BMW Group's Designworks studio in Newbury Park, a suburb north of Los Angeles. Engineering and avionics for the drone-like vehicle were developed by Alaka'i Technologies, a privately held company based in Massachusetts but named for a tropical forest in Hawaii ranked as one of the wettest spots on Earth.
FRANKFURT/DETROIT, May 29 (Reuters) - Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real world success, industry veterans told Reuters. Renault and Nissan Motor Co, which have been in an alliance since 1999 designed to share vehicle components, have only managed to use common vehicle platforms in 35% of Nissan's products despite an original target of 70%, according to Morgan Stanley.
Audi is also mulling an end to the $170,000 R8 sports car as Volkswagen’s biggest profit generator focuses resources on the rollout of 20 fully-electric cars by 2025. Sales of electrified vehicles, which include hybrids, are set to account for 40% of deliveries by then, Audi said Thursday at its annual shareholders meeting in Neckarsulm, Germany. “We’re shedding old baggage,” Chief Financial Officer Alexander Seitz said.
Germany's export-oriented car industry will not see a significant recovery from its current slowdown, the chief economist of Germany's Ifo institute said on Thursday. Germany's export dynamic is very weak, Klaus Wohlrabe said as the institute's business climate index, a key indicator of the economic sentiment in Europe's biggest economy, fell more than expected in May.
Bidding farewell to the company he led for more than a decade, Daimler AG Chief Executive Officer Dieter Zetsche urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval. “Everything is under scrutiny,” Zetsche said Wednesday at the annual shareholder meeting in Berlin, citing costs, investments and the Mercedes-Benz maker’s product range. The walrus-mustached Zetsche, 66, and Chief Financial Officer Bodo Uebber, 59, who is also leaving, turned Daimler from an industrial conglomerate that included holdings in aviation into a company focused on upscale passenger cars and commercial vehicles.
BMW, like other carmakers, is making a costly transition to electric cars and new business models and is confronting deep-pocketed tech competitors encroaching with mobility trends like ride hailing. After leading the luxury competition for a decade, BMW’s momentum petered out in 2016 and the carmaker has since struggled to regain the top spot with cautious model redesigns.
The report looks at how this fleet will transform transportation as China’s 421,000 electric buses join those millions of personal EVs. As the expanding electric fleet drives electricity demand up, it will also erode demand for millions of barrels of oil. BloombergNEF tracks more than $100 billion in investment between just four automakers — Volkswagen AG, Hyundai Kia Automotive Group, Chongqing Changan Automobile Co Ltd. and Daimler AG — with VW alone planning more than $50 billion.
The German Transport Ministry wants to increase and prolong subsidies for buying electric vehicles, sources told Reuters on Friday. The sources said the government wanted to double to 4,000 euros ($4,495.60) its contribution to subsidies for electric cars with a value of up to 30,000 euros. For electric cars worth up to 60,000 euros, the government wants to raise its subsidy contribution to 2,500 euros from 2,000 euros, the sources said.