|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||81.56 - 83.15|
|52 Week Range||76.50 - 97.50|
|PE Ratio (TTM)||6.42|
|Earnings Date||Nov 7, 2018|
|Forward Dividend & Yield||4.00 (4.91%)|
|1y Target Est||93.69|
Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor Corp , Volkswagen AG and Hyundai Motor Co has told key U.S. lawmakers. Talks between Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer are due to resume on Tuesday in Washington to try to resolve remaining bilateral issues so that Canada, which has been sidelined for weeks from the negotiations, can return to the bargaining table. The automakers' position was in a previously unreported Aug. 16 letter from their "Here for America" group to top trade-focused members of Congress.
BMW will give the possibility of raising its stake in its Chinese joint venture careful consideration, China's official Xinhua news agency reported on Sunday, citing a company executive. Potential for the German carmaker to boost its Chinese stake was opened up when the National Development and Reform Commission said in April that the country would scrap foreign ownership limits on commercial vehicle manufacturers in 2020 and lift restrictions on passenger vehicle companies in 2022.
I’ve been keeping an eye on Bayerische Motoren Werke Aktiengesellschaft (FRA:BMW) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, IRead More...
BMWs are built for speed, yet the car maker’s stock trades like it is stuck in the slow lane. Between trade tensions, environmental concerns and technological change, car manufacturers have plenty to worry about. BMW has a reputation among investors for reliability that the latest results only confirmed.
South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases of fire this year alone. After announcing a recall of more than 106,000 BMW cars in the country, the transport ministry said about 27,000 of them haven’t been inspected as of Monday. Transport Minister Kim Hyun-mee asked regional officials to bar drivers from operating vehicles that have yet to undergo checks, according to a statement Tuesday.
First off, don’t call the all new 2018 BMW X2 hatchback, even if it does look a bit like a slightly more beefed-up Volkswagen GTI. Because in the U.S., we generally dislike the tried-and-true hatchback, a type of car long loved in regions like Europe and Asia for their versatility, performance and fuel economy.
No sooner had Elon Musk tweeted his tentative proposal to take Tesla Inc. private, than a debate raged about whether that’s even possible at a company that bleeds billions of dollars in cash. Germany’s BMW AG is a far better candidate for a buyout. “BMW is awash with cash, it’s grossly undervalued, LBO funds would queue to back it as they could get their money back in a few years,” says Max Warburton at Bernstein Research.
President Donald Trump, like the proverbial bull in a China shop, has sent shares of BMW AG and Daimler AG into a tailspin this year. BMW, exporting its popular sport utility vehicles from the U.S. to China, might see a drag on profit of just 1.3 percent while rival Daimler, shipping SUVs on the same route, faces almost zero exposure, analysts at Exane BNP Paribas said in a report this week.
SEOUL, South Korea (AP) — BMW AG's Korean unit apologized Monday over engine fires that prompted recalls and a probe, seeking to allay concerns over images of cars engulfed in flames.
German auto maker BMW AG on Thursday said it was drawing up plans to navigate rising global trade barriers, days after it raised prices on some cars it sells in China because of newly imposed import tariffs. Chief Financial Officer Nicolas Peter told reporters that the cost to BMW of increased tariffs in China would be several hundred million dollars this year unless it takes countermeasures. After the Trump administration placed import duties on Chinese-made goods earlier this year.
BMW is finding out that innovation is costly. The German carmaker reported a 6% decline in second-quarter profit as it increased its spend on developing new technologies for electric, autonomous and digitally connected automobiles. While that is a steep investment, BMW insists that the return on its investment is paying off.
In the automotive segment, BMW’s closely watched EBIT margin fell to 8.6% in the quarter from 10.1%. Some of the prior-year figures were adjusted according to a new accounting standard, the company said. The company confirmed its full-year guidance, expecting revenue and deliveries to grow slightly and targeting pretax profit equivalent to last year’s. BMW continues to forecast an EBIT margin of between 8% and 10% for its automotive segment.
BMW AG’s profit fell in the second quarter after Chinese buyers delayed purchases ahead of a tariff cut and an increase in raw-material prices hit earnings.
BMW AG is sticking with its annual profit targets, even as the German automaker finds itself in the crosshairs of a U.S.-China trade spat. The Munich-based manufacturer kept its forecast for the year when reporting second-quarter results on Thursday, emaking it an outlier among a host of car companies -- including top rival Daimler AG -- that have cut financial targets as global trade tensions escalate and higher raw-materials prices weigh. Group profit before taxes will be at the same level as last year, BMW said, while reiterating automotive revenue and unit sales would gain slightly.
Hungary’s goal to keep economic growth near a four-year high got a boost as BMW AG pledged to build a 1 billion-euro ($1.2 billion) car plant. For Prime Minister Viktor Orban, it’s a vindication of his dedication to manufacturers even as he upset banks and foreign retailers in creating his “illiberal” state. BMW follows Daimler AG, Volkswagen AG, Suzuki Motor Corp. and France’s PSA Group into the eastern European nation of 10 million people, becoming the fifth major company to start production there.
BMW AG is investing 1 billion euros ($1.17 billion) in a new assembly plant in Hungary, its first factory in Europe in nearly two decades as the luxury-car maker strengthens its European footprint amid growing protectionism. The plant will produce 150,000 vehicles a year, making both electric and combustion engine vehicles, the Munich-based carmaker said Tuesday in a statement. It’ll be BMW’s first new carmaking facility since 2000, when it decided to construct a site at Leipzig, a spokesman said, declining to confirm which models it’ll produce in Hungary.
BMW AG is building its first factory in Europe in nearly two decades, strengthening its footprint close to home as growing protectionism adds to the cost of shipping cars around the globe. The carmaker is investing 1 billion euros ($1.17 billion) in a new production plant in Hungary to produce 150,000 vehicles annually, according to a statement Tuesday. It’ll be BMW’s first new carmaking facility since 2000 in the region, when it built a site in Germany, a spokesman said.
Automakers are now being compelled to either hike the price of their vehicles or absorb additional costs, thus decreasing their profits.
Bayerische Motoren Werke AG will raise the price of some mid-sized sport utility vehicles in China by as much as 7 percent beginning Monday, in a further rippling of the U.S.-China trade war through the global supply of products. The German carmaker, which builds the vehicles in Spartanburg, South Carolina, said Sunday it would increase its suggested retail prices for X5 and X6 models in China between 4 percent and 7 percent. In 2017, BMW exported more than 81,000 U.S.-made SUVs valued at $2.37 billion to China, the biggest market for its American exports.
BMW AG and Daimler AG are facing more pain in China after higher tariffs on U.S.-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships U.S.-made sport utility vehicles to China, said on Sunday it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result of China’s decision to boost tariffs to 40 percent on July 6, part of a tit-for-tat trade war with the U.S. China almost simultaneously cut import duties for cars from everywhere else, creating whiplash for manufacturers as well as consumers.
U.S. President Donald Trump and the European Union's chief executive, Jean-Claude Juncker, agreed on Wednesday to work toward eliminating trade barriers on industrial goods, as Trump appeared to give ground on his threat to impose car tariffs. The agreement to pull together a "high-level working group" to negotiate the tariff, subsidy and non-tariff barrier reductions could reduce fears of an escalating transatlantic trade war launched by Trump's tariffs on steel and aluminum and a threat to impose a 25 percent tariff on imported cars and auto parts.
Volkswagen AG poached BMW AG’s purchasing chief Markus Duesmann, as the German auto giant bolsters its executive ranks following the surprise arrest of the Audi brand’s long-time boss. Duesmann, 49, will join Volkswagen’s management board in an undefined role as soon as possible, the Wolfsburg-based company said Tuesday in a statement. Moving to resolve uncertainty at Audi is particularly important.
Volkswagen AG poached BMW AG’s purchasing chief Markus Duesmann, lining up a possible successor for its luxury Audi brand’s long-time boss following his surprise arrest last month. Duesmann, 49, will join Volkswagen’s management board in an undefined role as soon as possible, the Wolfsburg-based company said Tuesday in a statement. Duesmann is also being considered for other top positions within the group, depending on when he can resolve contractual obligations to BMW, the people said.