|Bid||72.76 x 0|
|Ask||72.79 x 0|
|Day's Range||72.51 - 73.46|
|52 Week Range||70.33 - 97.07|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Test vehicles developed to take that much power were recharged to 80 percent capacity in 15 minutes. Carmakers, developing a wave of electric models to keep up with tightening carbon emissions regulation, are under pressure to overcome consumer turnoffs like slow charging times and patchy infrastructure. With demand remaining tepid, BMW, Daimler AG and Porsche parent Volkswagen AG are also building a fast-charging network along major highways in Europe.
Retail sales of sedans, multipurpose vehicles and sport utility vehicles plummeted 18 percent to 2.05 million units in November, the China Passenger Car Association said on Monday. Automakers -- which poured in billions of dollars in the past 20 years to bulk up factories in China -- now need to view future expansion plans in a different light. Carmakers’ hopes of a truce in the trade war were boosted last week as President Donald Trump’s tweet claiming that China had agreed to “reduce and remove” tariffs on American-made vehicles.
Leading software business SAP has been crowned by Glassdoor as the best place for German employees to work during the next year — and it's not just Germany that SAP is winning over. Reviews on Glassdoor see employees praise the company for the company's work benefits and positive atmosphere shown across staff levels. In Glassdoor's 25 ' Best Employers ' list for Germany, it's not just tech firms hitting the spot - transportation, consultancy and retail groups are also popular among the workforce.
Shares of automaker BMW AG (XTER:BMW) rose 4.78% on Monday, hitting EUR75.66 a share in European trading, the largest rally since August 2015 for the company . The report showed that vehicle sales rose 1% compared to the same period last year, hitting 28,330 in November. The rise in sales marks the 13th straight quarter of sales increases.
“Our strategic profitability target of between 8 percent and 10 percent remains unchanged,” Chief Financial Officer Nicolas Peter said in a speech to investors. Key InsightsThe lackluster outlook for 2019 will put further pressure on Chief Executive Officer Harald Krueger to respond, as the company’s record model offensive has yet to show tangible results.The headwinds laid out by BMW show the difficulties weighing on traditional carmakers, which are tasked with investing vast sums on self-driving, electric cars while navigating increasingly volatile marketsThe effect of U.S. and China tariffs will lead to a charge in the “mid-three-digit-million euro range,” BMW said.
Moody's Investors Service has assigned definitive ratings to two classes of notes issued by Bavarian Sky China 2018-2 Trust, the tenth domestic securitization transaction backed by a pool of auto loans originated by BMW Automotive Finance (China) Co., Ltd. (BMW AFC, unrated) in China.
The Munich-based company unveiled the X7, its largest-ever sport utility vehicle, at the Los Angeles Auto Show on Wednesday. Plans for the model, which will hit dealerships in March 2019, were originally shelved in 2008, when the global financial crisis prompted BMW to rein in spending and high oil prices pushed consumers to smaller cars.
Germany's BMW plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market. BMW Mobility Service Ltd, a fully-owned subsidiary ...
Moody's Investors Service has assigned provisional ratings to two classes of notes to be issued by Bavarian Sky China 2018-2 Trust, the tenth domestic securitization transaction backed by a pool of auto loans originated by BMW Automotive Finance (China) Co., Ltd. (BMW AFC, unrated) in China.
BERLIN—BMW AG’s automotive earnings plunged in the third quarter, as the luxury-car maker became the most recent victim of a confluence of economics and politics that is buffeting the global auto industry. Auto makers such as BMW, Daimler AG, Ford Motor Co., Fiat Chrysler Automobiles NV and Volkswagen AG are contending with several headwinds, including President Trump’s confrontational trade policies, uncertainty over Brexit, European efforts to combat global warming with ever tougher emissions rules and weaker demand for new vehicles in major markets. After years of easy profits and high growth, the German auto industry—one of Europe’s flagship sectors—also is facing longer-term structural challenges, such as technological shifts and the emergence of new competitors.
BMW (BMWG.DE) has beefed up its logistics to include air freight options as part of contingency plans to prepare itself for Britain's exit from the European Union, Chief Executive Harald Krueger said on Wednesday. "We have also taken measures to secure supply routes by air," Krueger said in response to a question about the carmaker's contingency plans to help ensure a smooth supply of components while politicians haggle over the terms of Britain's exit from the European Union. BMW hopes that Britain will remain part of the common market, but the Munich-based carmaker is making plans to prepare for a possible "hard Brexit", Krueger said on a conference call to discuss the company's third-quarter earnings.
AG (BMW.XE) on Wednesday confirmed its guidance as it posted lower third-quarter net profit after being hit by the effects of new emissions rules, the resulting pricing competition and global trade tensions. Net profit fell to 1.38 billion euros ($1.57 billion) in the quarter from EUR1.82 billion a year earlier. BMW said earnings before interest and taxes fell 27% to EUR1.75 billion from EUR2.38 billion.
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SHANGHAI—BMW AG will assume majority control of its Chinese joint venture, becoming the first foreign auto maker to take advantage of Beijing’s easing of long criticized rules that limit foreign ownership in the sector. The German auto maker will pay €3.6 billion (about $4 billion) to increase its stake in its partnership with Brilliance China Automotive Holdings Ltd. to 75% from 50%. As part of the deal, the joint venture will significantly expand its manufacturing base in Shenyang in northeast China, BMW said in a statement Thursday.
AG said Thursday it agreed to increase its stake in its Chinese joint venture to 75% from 50% in a €3.6 billion ($4.1 billion) deal set to close in 2022. Ltd., also agreed to extend the contract of their BMW Brilliance Automotive Ltd. joint venture to 2040 from its existing expiration date in 2028, BMW said. BMW’s deal to acquire the additional shares in the venture needs to receive customary approval from authorities and the consent of Brilliance China’s shareholders, BMW said.
Just as a luxury crackdown takes hold and the auto market slows, the German carmaker has agreed to spend $4.1 billion to increase its stake in a venture with Brilliance China Automotive Holdings Ltd. to a controlling 75 percent. Despite widespread jitters, luxury car sales are doing reasonably well in China. While mass-market sales have fallen sharply, BMW Brilliance and Beijing Benz have managed to push up the average industry-wide pretax margin to 10 percent.