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Bayerische Motoren Werke AG (BMWG.DE)

BMWG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

BMW of North America says U.S. sales of BMW brand vehicles fell 8 pct in August
Thursday, 1 Sep 2016 12:45pm EDT 

BMW Of North America: U.S. sales of BMW brand vehicles decreased 8 percent in August for total of 25,531 compared to 27,755 vehicles sold in August, 2015 .In total, BMW Group in U.S. (BMW and MINI combined) reported August sales of 30,500 vehicles, a decrease of 7.2 percent.  Full Article

BMW of North America says U.S. July sales of BMW brand vehicles down 4.4 pct
Tuesday, 2 Aug 2016 12:47pm EDT 

BMW of North America LLC: BMW of North America LLC says U.S. July sales of BMW brand vehicles down 4.4 percent for total of 25,777 compared to 26,970 vehicles sold in July, 2015 .BMW of North America LLC says in total, BMW Group in U.S. (BMW and MINI combined) reported July sales of 30,551 vehicles, a decrease of 5.0 percent.  Full Article

BMW, Volkswagen to procure more parts in Thailand - Nikkei
Wednesday, 13 Jul 2016 01:45pm EDT 

Nikkei: BMW will establish its first Southeast Asian international procurement base in Bangkok as early as next month - Nikkei .Volkswagen to relocate parts procurement base in Kuala Lumpur to Thailand site making commercial vehicles for Scania brand as early as next month - Nikkei.  Full Article

BMW posts 9.1 pct rise in June group sales
Tuesday, 12 Jul 2016 03:08am EDT 

BMW : Says June group sales up 9.1 percent to 227,849 vehicles . Says H1 group sales up 5.8 percent to 1,163,139 vehicles . Says BMW brand sales up 9.7 percent in June to 189,097 vehicles . BMW says Mini sales up 6.3 percent to 38,282 vehicles .Says Has Received Around 5,000 Pre-orders for revamped i3 in Europe.  Full Article

BMW Group U.S. says June U.S. sales of 33,769 vehicles, down 11.9 pct
Friday, 1 Jul 2016 02:28pm EDT 

Bayerische Motoren Werke Ag : In total, BMW Group in the U.S. (BMW and MINI combined) reported june sales of 33,769 vehicles, a decrease of 11.9 percent Source - http://bit.ly/29aAhk4 (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Bayerische Motoren Werke AG expands production with manufacturing site in Brazil
Wednesday, 4 May 2016 11:05am EDT 

Bayerische Motoren Werke AG:Says BMW Motorrad expands production network with its own manufacturing site in Brazil.Says new BMW Group plant manaus will create around 170 jobs.Says already planning to produce more than 10,000 bmw motorcycles in 2017 for Brazilian market.  Full Article

Bayerische Motoren Werke confirms FY 2016 outlook
Monday, 2 May 2016 08:00pm EDT 

Bayerische Motoren Werke AG:Reaffirms outlook for FY 2016.  Full Article

Bayerische Motoren Werke AG recalls 7 Series models due to air bag issue - Reuters News
Thursday, 14 Apr 2016 02:30pm EDT 

Bayerische Motoren Werke AG:BMW AG is recalling its new flagship 7-series luxury limousine due to a potential air bag deployment issue, the company said on Thursday. - RTRS.Airbags in 26,000 cars produced before Dec. 11, 2015 may have a defective air bag control module, the company said, adding that there have been no known cases of faulty deployments."It is purely a precautionary measure," a BMW spokesman said, adding that so far 47,000 vehicles of its new 7-series have been produced.The supplier of the affected air bag parts to BMW was Continental AG CONG.DE. In a filing posted on the website of the National Highway Traffic Safety Administration on Thursday morning, BMW said the recall will affect 6,110 vehicles in the U.S. market.In the United States, affected vehicles are from the 2016 model year including 740Li, 750Li, and 750 Lxi.In Germany, 2,600 cars are impacted and in China 4,700 cars will be recalled, BMW said. In the United States, owners will receive letters in May about the recall. The fix, for which customers will not be charged, will take up to four hours at a dealership.  Full Article

Bayerische Motoren Werke AG - U.S. extends BMW deadline to get replacement air bag inflators - Reuters News
Thursday, 24 Mar 2016 07:28pm EDT 

Bayerische Motoren Werke AG:BMW AG will get five more months to acquire Takata air bag replacement parts for a massive recall because tests showed some of the substitute inflators may also be defective, the U.S. auto safety agency said on Thursday. - RTRS.The deadline for the German automaker was extended to Aug. 31 because a replacement driver-side air bag inflator made by a supplier other than Takata failed during testing, the National Highway Traffic Safety Administration (NHTSA) said."NHTSA's priority continues to be ensuring that unsafe air bag inflators are replaced with safe ones," the agency said in a statement. A BMW spokeswoman declined to comment.NHTSA said all automakers besides BMW have reported that they are on track to meet the original March 31 deadline under a agency order to supply enough replacement inflators for "priority one" vehicles, with the highest risk of ruptures.The agency set the deadline in early November. The consent order also set deadlines of Sept. 30 for automakers to have enough replacement parts for "priority two" vehicles, and Dec. 31 for "priority three" vehicles. NHTSA will delay those deadlines for BMW until 2017.The delays affect 420,000 recalled vehicles, including several types of BMW 3-series, 5-series and the X5, NHTSA said. About 100,000 of these are priority one cars.  Full Article

Bayerische Motoren Werke AG proposes 2015 dividend
Wednesday, 9 Mar 2016 07:30am EST 

Bayerische Motoren Werke AG:To propose paying a dividend of 3.20 euros per share of common stock and 3.22 euros for preferred stock for 2015.  Full Article

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VW's new division takes aim at Uber-style competition

LONDON Volkswagen launched a new digital business division on Monday to take on services such as Uber , shifting its focus beyond selling cars to catering for customers who prefer to pay for use rather than own a vehicle.