Key Developments: Bayerische Motoren Werke AG (BAMXY.PK)
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Latest Key Developments (Source: Significant Developments)
TVS Motor Co Ltd And Bayerische Motoren Werke AG Tie-Up To Tap Technology-Reuters
Reuters reported that TVS Motor Co Ltd and Bayerische Motoren Werke AG's (BMW) motorcycle division announced a deal on April 8, 2013 to jointly develop bikes that will give the Indian automaker access to BMW technology. Full Article
TVS Motor Co Ltd Clarifies On News Item On Possible Deal With Bayerische Motoren Werke AG's Motorcycle Division
TVS Motor Co Ltd announced that with reference to the news item appearing in a web portal titled 'TVS Motor surges 9% on possible deal with Bayerische Motoren Werke AG' & 'TVS-BMW to announce final deal on April 8', The Company announced that it is in talks with BMW's Motorcycle Division, BMW Motorrad for a technology tie up and that the Company will keep the exchanges informed once finality is reached in this regard. Further the Company has clarified that, 'the Company have not released nor provided any further information on this issue to anyone'. Full Article
TVS Motor Co Ltd On Possible Deal With Bayerische Motoren Werke AG-Moneycontrol
Moneycontrol reported that TVS Motor Co Ltd may announce its final deal with Bayerische Motoren Werke AG on April 8. This deal will principally have two components. First, there is going to be a technology alliance between the two partners. Second, there is possibility of joint manufacturing of select high-end motorcycles of TVS, reports CNBC-TV18. Full Article
Bayerische Motoren Werke AG Recalls 750,000 Cars Due To Electrical Problem-Reuters
Reuters reported that Bayerische Motoren Werke AG is recalling about 750,000 of its vehicles in the United States, Japan, Canada and South Africa due the chance of an electrical failure that may cause the cars to stall unexpectedly, U.S. regulators and the Company said. Vehicles sold in Germany, BMW's home market, and the rest of Europe are not involved in the recall. The recall affects Bayerische Motoren Werke AG's popular 3-Series sedans, convertibles, coupes and sports wagons, as well as its 1-Series coupes and convertibles and Z4 two-seat roadsters. In some markets, the X1 crossover vehicle is also part of the recall. The affected vehicles were built between March 2007 and July 2011. Full Article
KTM's CEO Buys Bayerische Motoren Werke AG's Bike Brand-Business Standard
Business Standard reported that The Chief Executive of KTM, Stefan Pierer has bought dirt bike specialist brand Husqvarna Motorcycles from Bayerische Motoren Werke AG for an undisclosed sum. Full Article
Toyota, Bayerische Motoren Werke AG Expand Technology-Sharing Partnership For Fuel Cell, Other Vehicles-DJ
Dow Jones reported that Toyota Motor Corp and Bayerische Motoren Werke AG (BMW AG) will expand a technology sharing pact for hydrogen-fueled and other vehicles, the latest sign of a growing partnership between the two companies. Toyota will provide BMW with technical know-how for fuel cell vehicles that the Japanese auto maker expects to debut in 2015. They will also work together on a next-generation fuel cell system expected to be completed by 2020. That hydrogen-powered technology is key for the low emission fuel cell vehicles both companies plan to launch. The two companies signed a landmark deal in December 2011 to cooperate on various green car technologies and in which BMW agreed to supply diesel engines to Toyota. Full Article
Toyota Motor Corp To License Fuel-cell Technology To Bayerische Motoren Werke AG-Reuters
Reuters reported that Toyota Motor Corp is nearing an agreement to license its fuel-cell vehicle technology to Bayerische Motoren Werke AG (BMW), the Nikkei reported. Under the agreement, to be made official on January 24, 2013 Toyota will provide BMW with drivetrain and hydrogen storage technology, the business daily said. BMW will use the technology to build a prototype vehicle by 2015, with plans for a market release around 2020. Full Article
Bayerische Motoren Werke AG To Collaborate With Boeing Co On Carbon Fibre-Reuters
Reuters reported that Bayerische Motoren Werke AG (BMW) and Boeing Co are to exchange information about making carbon fibre, an emerging battleground among auto and plane makers. BMW said, the two companies aimed to advance research for carbon fibre recycling and know-how about manufacturing and automation. Full Article
Bayerische Motoren Werke AG's BMW To Recall 7 Series For Transmission Flaw-Reuters
Reuters reported that Bayerische Motoren Werke AG's BMW of North America affiliate said it will recall 45,500 of its 7 Series luxury sedans from model years 2005-2008 to correct a flaw that could cause a parked vehicle to roll away. BMW said automatic transmissions may not remain in park position due to a software problem on cars equipped with keyless ignition and the Comfort Access option. Full Article
Bayerische Motoren Werke AG To Build New Car Plant In Brazil-Reuters
Reuters reported that Bayerische Motoren Werke AG plans to build a new assembly plant in Brazil, tapping into the growing market for luxury cars in Latin America's economy. Full Article
BMW CEO expects i3 electric car to contribute to group profit
MUNICH - German premium automaker BMW expects to reap a "positive" contribution to group profit from every i3 electric vehicle sold, Chief Executive Norbert Reithofer said on Tuesday.
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