|Bid||63.49 x 0|
|Ask||63.48 x 0|
|Day's Range||63.33 - 64.33|
|52 Week Range||62.76 - 88.25|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||5.86|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||3.50 (4.61%)|
|1y Target Est||93.69|
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.
According to the order, which people familiar with the matter say Trump is expected to sign this week, the administration has determined that imports of cars into the U.S. present a threat to national security because they have hurt domestic producers and their ability to invest in new technologies. Shares of BMW AG surged as much as 5% Wednesday, while Japanese automakers were traded slightly lower in Tokyo.
President Donald Trump has dodged an immediate collision with the EU and Japan on trade by deferring a decision to impose tariffs on cars and auto parts by up to six months, according to people familiar ...
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.
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Our call of the day is a bullish one from Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities, who tells MarketWatch that he’s got a laundry list of reasons why equities will see gains for the “next several years.”
BMW AG’s automotive division swung to a loss for the first time in a decade as car prices slumped and a legal provision over alleged collusion ballooned to 1.4 billion euros ($1.6 billion). To deal with the pressures, BMW in March announced a 12 billion-euro savings plan, culling models and cutting development time. While the second half of the year should improve with sales of new 3-Series and X7 sport utility vehicles, trade tensions are on the rise again.
“I expect that President Trump will keep tariffs on electric cars as high as he possibly can,” Michael Dunne, chief executive officer of consultancy ZoZo Go, said Monday in a speech to the Automotive Press Association in Detroit.
BMW deliveries rose 1.4 percent in April, aided by the behemoth SUV’s second full month of sales. Through the first four months of the year, the brand has sold 3,584 more luxury vehicles than Daimler’s Mercedes-Benz, whose deliveries slumped 16 percent last month.
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.