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

BMWG.DE on Xetra

86.24EUR
15 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

EEOC Files Suits Against Bayerische Motoren Werke AG, Dollar General Corp-DJ
Tuesday, 11 Jun 2013 10:03am EDT 

Dow Jones reported that The U.S. Equal Employment Opportunity Commission (EEOC) filed lawsuits against a Bayerische Motoren Werke AG (BMW) manufacturing operation in South Carolina and discount-retailer Dollar General Corp (DG) alleging that the companies' criminal background check policies resulted in employees being fired or being screened out in the hiring process. The suit against BMW Manufacturing Co. alleges the Company disproportionately screened out African Americans from jobs. The accusations involve UTi Worldwide Inc. (UTIW) employees that provided logistics services to the plant. The employees had been screened under UTi's criminal-background check policy, which is limited to convictions in the past seven years, while BMW's policy has no time limit. When UTi ended its contract with the plant in 2008, BMW ordered new background checks for the workers in question, which revealed violations of the BMW policy, which led to their terminations though they had been working at the site for years.  Full Article

TVS Motor Co Ltd And Bayerische Motoren Werke AG Tie-Up To Tap Technology-Reuters
Monday, 8 Apr 2013 06:29am EDT 

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
Wednesday, 3 Apr 2013 04:59am EDT 

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

BMW extends CFO contract, drops age limit for board members

FRANKFURT, Sept 19 - BMW said it will extend the contract of 59-year-old Chief Financial Officer Friedrich Eichiner by another two years, a radical step for the German auto maker which has until now forced its board members to retire at 60.

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