|Bid||93.83 x 0|
|Ask||93.86 x 0|
|Day's Range||93.41 - 93.90|
|52 Week Range||77.07 - 93.90|
|PE Ratio (TTM)||8.07|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BMW AG is betting an overhauled 5 Series sedan and new X2 crossover will boost sales this year as the world’s second-biggest luxury carmaker works on its pledge to retake the global lead from Mercedes-Benz....
BMW is optimistic Washington's drive to renegotiate the North American Free Trade Agreement (NAFTA) will result in a deal that benefits the German carmaker, it said on Monday. "BMW is supporting free trade on a global basis. Canada last week welcomed U.S. President Donald Trump's suggestion that talks to modernise NAFTA could be extended beyond the end-March deadline, a move which might help break a deadlock at the negotiations.
Workers at carmakers Audi and BMW staged further strikes on Friday but German labour leaders and employers are aiming for a deal on wages and working hours by early February, representatives of both sides told Reuters. Some 160,000 workers had already joined industrial action this week to support IG Metall's wage claims and the union has threatened to call for 24-hour walkouts if talks fail to make progress.
German labour bosses and industrial employers agreed on Thursday to appoint experts to look into demands for shorter hours at regional wage talks, amid warning strikes and the threat of wider walkouts that could halt output at hundreds of companies. Emboldened by robust German economic growth and record low joblessness, the powerful IG Metall union is demanding 6 percent more pay for 3.9 million metals and engineering workers. It has also embarked on its first major campaign for shorter working hours in more than three decades, demanding that workers gain the right to reduce their weekly hours to 28 from 35 to care for children or elderly or sick relatives and then return to full-time employment after two years.
Germany's would-be coalition partners said in a draft paper drawn up by a working group that Germany needed cleaner, more efficient combustion engines, including possible hardware modifications, to protect the climate and preserve clean air. A big challenge in talks between Chancellor Angela Merkel's conservatives and the centre-left Social Democrats (SPD) is to find a way to mend the battered reputation of Germany's mighty car industry after a diesel scandal and meet climate targets. This would require a range of measures, including support for electric vehicles and "more efficient and cleaner combustion engines including refits" said the paper.
German industrial workers widened industrial action on Tuesday, with nearly 60,000 staff at 280 metals and engineering companies downing their tools in support of wage claims by union IG Metall. Ahead of a round of regional negotiations due to begin on Thursday, employers have so far offered 2 percent plus a one-off 200 euro ($240) payment in the first quarter and rejected demands for shorter hours. In the state of North Rhine-Westphalia alone, the industrial heartland of Germany, workers at 140 companies including Siemens and Thyssenkrupp staged walkouts and marched outside factory gates carrying banners.
DUESSELDORF/HAMBURG, Jan 8 (Reuters) - Thousands of German workers staged strikes at metals and engineering firms on Monday in support of wage claims by union IG Metall, which announced a further wave of walkouts for Tuesday. On Monday, more than 3,000 employees downed tools at sports car maker Porsche in Stuttgart, taking the number of industrial workers who have taken action since the start of last week to more than 15,000, according to IG Metall. "The employers provoked these warning strikes with their behaviour at the negotiating table," Knut Giesler, head of IG Metall in the state of North Rhine-Westphalia, Germany's most populous.
German industrial workers staged strikes at metals and engineering firms on Monday in support of wage claims by union IG Metall, which announced a further wave of walkouts for Tuesday. On Monday, more than 3,000 employees downed tools at sports car maker Porsche in Stuttgart, and around 400 at elevator maker OTIS in Berlin were expected to do likewise. Night shift workers at automotive supplier Kirchhoff in the industrial heartland state of North Rhine-Westphalia also walked out, as did staff at farming machinery maker Claas, the union said.
** A subsidiary of Canada's Brookfield Asset Management Inc plans to acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp , for $4.6 billion. ** Germany's Continental and Bosch, the world's largest automotive suppliers, have each bought a 5 percent stake in digital mapping firm HERE, as the industry pools resources with major carmakers to develop self-driving cars. ** Israel's Delek Automotive Systems is in advanced talks to buy control of environmental and infrastructure firm Veridis from investment manager Oaktree Capital Management for 1.05 billion shekels ($305 million).
* Continental, Bosch buy stakes from BMW, Daimler, Audi * Suppliers pooling resources in autonomous driving race * Purchase price undisclosed * Continental CEO eyes future profit from HERE collaboration ...
Germany's Continental and Bosch, the world's largest automotive suppliers, have each bought a 5 percent stake in digital mapping firm HERE, as the industry pools resources with major carmakers to develop ...
PARIS, Jan 4 (Reuters) - Robert Bosch GmbH, the German auto supplier and engineering group, said on Thursday it had agreed to buy a 5 percent stake in HERE, the digital mapping firm jointly controlled ...
Sales of new passenger cars in Germany rose 2.7 percent last year to about 3.44 million vehicles but registrations of diesel models plunged amid a threat of possible driving bans, an industry source said. Pressure is growing on Germany to tackle diesel pollution as dozens of cities including Munich and Stuttgart, where BMW and Daimler are based, could face penalties for allowing nitrogen dioxide (NO2) levels in excess of European Union limits introduced in 2010, the DUH environmental lobby has said. Sales of diesel-engine cars in Europe's largest auto market declined about 13 percent last year to 1.34 million, the source said, declining to be identified ahead of publication of official sales data.
MILAN/PARIS, Dec 27 (Reuters) - European tech stocks tumbled on Wednesday as the region emerged from a two-day trading holiday and investors reacted to reports that demand for Apple's iPhone X may be weaker than expected. Tech stocks fell as much as 1.1 percent, as the market followed a downturn in Asian iPhone suppliers after brokers cut forecasts for iPhone X shipments, saying sales of the new model may undershoot expectations.
Strength in commodities boosted European benchmarks though tech stocks fell on Wednesday as the region emerged from a two-day trading holiday and investors reacted to reports demand for Apple's new iPhone X was weaker than expected. Commodities helped cement gains across the major benchmarks. Austria Microsystems, the best-performing European tech stock this year, sank 12 percent while Dialog Semiconductor dropped 3.5 percent, the biggest falls on the STOXX.
German carmaker BMW said late on Friday it expected a U.S. tax reform to result in tax benefits lifting its 2017 net profit by between 950 million and 1.55 billion euros . It said it would only be able ...
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U.S. EV battery company Solid Power said on Monday it had partnered with Germany's BMW AG to develop the next-generation solid-state battery technology for use in electric vehicles (EVs). BMW will assist in advancing Solid Power's technology to achieve performance levels required for high-performance EVs, Louisville, Colorado-based Solid Power said in a statement. Financial terms of the deal were not disclosed.
Rating Action: Moody's assigns definitive ratings to BMW-sponsored auto loan ABS in China: Bavarian Sky China 2017-3 Trust. Global Credit Research- 13 Dec 2017. RMB3, 670 million of securities rated.
Munich prosecutors are looking into allegations BMW AG diesel cars are fitted with defeat devices to cheat on emissions levels following tests by German environmental group DUH.
BMW AG is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen AG ready their own battery lineups....