Key Developments: Bayerische Motoren Werke AG (BMWG.DE)

BMWG.DE on Xetra

89.94EUR
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Bayerische Motoren Werke AG appoints Harald Krueger as new Chairman of Board of Management effective from end of AGM on May 13, 2015
Tuesday, 9 Dec 2014 04:08am EST 

Bayerische Motoren Werke AG:Appoints Harald Krueger as new Chairman of the Board of Management with effect from end of Annual General Meeting on May 13, 2015.Says Norbert Reithofer put forward to succeed Joachim Milberg as Chairman of Supervisory Board.  Full Article

Bayerische Motoren Werke AG reaffirms earnings forecast for full FY 2014
Monday, 3 Nov 2014 07:00pm EST 

Bayerische Motoren Werke AG:Reaffirms earnings targets for full FY 2014.Is aiming to achieve new records in terms of sales volume (2013: 1,963,798 units) and group profit before tax (2013: 7,913 million euros) for FY 2014.FY 2014 pre-tax profit estimate 8,807 million euros - Thomson Reuters I/B/E/S.  Full Article

Bayerische Motoren Werke AG approaches Madras HC against Competition Commission-Business Standard
Saturday, 11 Oct 2014 02:04am EDT 

Bayerische Motoren Werke AG (BMW):The Madras High Court on Friday asked the fair trade watchdog Competition Commission of India (CCI) not to take any action against luxury car maker BMW, as it (the Court) decided to hear the carmaker's plea along with other car manufacturers’ petitions against the CCI Order-Business Standard.In Aug. 2014, CCI slapped a combined penalty on 14 car makers including BMW (204.1 mln Indian Rupees ) for failing to sell spare parts in the open market.The watchdog said it wanted to make the components market more broad based, user friendly and less expensive for consumers.  Full Article

Bayerische Motoren Werke AG confirms FY 2014 guidance
Monday, 4 Aug 2014 08:00pm EDT 

Bayerische Motoren Werke AG:Says reaffirms its sales volume and earnings forecast for FY 2014.Says deliveries to customers (2013: 1,963,798 units) and Group profit before tax (2013: 7,913 million euros) are both expected to rise significantly in FY 2014.FY 2014 sales 80.02 billion euros - Thomson Reuters I/B/E/S.FY 2014 net income 5.78 billion euros - Thomson Reuters I/B/E/S.FY 2014 profit before tax 8.63 billion euros - Thomson Reuters I/B/E/S.  Full Article

Bayerische Motoren Werke AG to build a new luxury car factory-Business Standard
Thursday, 3 Jul 2014 11:39pm EDT 

Bayerische Motoren Werke AG:Will invest $1 billion to build a new luxury car factory in northern Mexico that will start production in 2019 as part of an effort to expand its presence in the United States-Business Standard.  Full Article

Bayerische Motoren Werke AG launches X5-Business Standard
Thursday, 29 May 2014 06:36am EDT 

Bayerische Motoren Werke AG:Today launched its third generation of new X5 in India at 7.090 mln Indian Rupees-Business Standard.  Full Article

Bayerische Motoren Werke AG recall 232,098 vehicles in China-Business Standard
Wednesday, 2 Apr 2014 02:35pm EDT 

Bayerische Motoren Werke AG:Will recall 232,098 vehicles in China for a defective bolt design that may damage the engine or cause it to fail to start-Business Standard.  Full Article

Bayerische Motoren Werke AG to propose dividend for common and preferred stock for FY 2013
Wednesday, 12 Mar 2014 08:00pm EDT 

Bayerische Motoren Werke AG:Will propose to shareholders that dividend be increased to level of 2.60 euro (FY 2012: 2.50 euro) per share of common stock and 2.62 euro (FY 2012: 2.52 euro) per share of preferred stock for FY 2013.Total distribution will rise to 1,707 million euro (FY 2012: 1,640 million euro).  Full Article

Bayerische Motoren Werke AG Recalls 176,000 Gasoline Four-Cylinder Vehicles Worldwide-Reuters
Wednesday, 30 Oct 2013 11:40am EDT 

Reuters reported that Bayerische Motoren Werke AG is recalling about 176,000 of its four-cylinder, gasoline-powered vehicles from model years 2012 to 2014 because of potential problems with the power brakes, the company said. The vehicles, because of insufficient lubrication to a vacuum pump, can lose the power assistance in braking. The driver can still stop the car in the event of a loss of power braking, but it will take more force on the brake pedal, a BMW U.S. spokesman said. Models involved in the recall all have turbo-charged four-cylinder, 2-liter engines that run on gasoline. Models include the 320i, 328i, 320i xDrive, 328i xDrive sedans from the 2012 to 2014 model years, as well as the 2014 328i xDrive Sports Wagon; model year 2012 and 2013 528i and 528i xDrive sedans; 2013 and 2014 X1 sDrive28i and X1 xDrive28i vehicles; and model year 2012 to 2014 X4 sDrive28i roadsters. Of the total recall, 76,191 are in the United States, about 25,000 are in China, 9,376 in Canada, 6,841 in Germany, 2,738 in Mexico and the rest in other countries.  Full Article

Bayerische Motoren Werke AG To Recall Over 143,000 Vehicles In China-Reuters
Monday, 5 Aug 2013 04:10am EDT 

Reuters reported that Bayerische Motoren Werke AG's China joint venture will recall 143,215 vehicles due to a problem related to their electric power steering system, the China's quality watchdog said. BMW Brilliance Automotive Ltd will recall some of its 5-series cars produced between 2009 and 2012, according to the website of China's General Administration of Quality Supervision, Inspection and Quarantine.  Full Article

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Volvo to launch online car sales in marketing shift

PARIS - Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW .

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