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

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Latest Key Developments (Source: Significant Developments)

Bayerische Motoren Werke AG Recalls 750,000 Cars Due To Electrical Problem-Reuters
Tuesday, 19 Feb 2013 12:47pm EST 

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
Thursday, 31 Jan 2013 11:23am EST 

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
Thursday, 24 Jan 2013 04:20am EST 

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
Tuesday, 22 Jan 2013 01:19pm EST 

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
Wednesday, 12 Dec 2012 05:33am EST 

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
Monday, 29 Oct 2012 10:28am EDT 

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
Thursday, 18 Oct 2012 02:14pm EDT 

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

Peugeot SA (PSA Peugeot Citroen) Confirms End of Hybrids Venture with Bayerische Motoren Werke AG (BMW)-Agence France Presse
Monday, 24 Sep 2012 09:38am EDT 

Agence France Presse reported that Peugeot SA (PSA Peugeot Citroen) confirmed that it was no longer collaborating with Bayerische Motoren Werke AG (BMW) on a venture to develop hybrid vehicle technology. BMW said in June that it was reconsidering the joint venture in light of a deal between the Peugeot SA and General Motors, while Peugeot did not release a statement on the issue then.  Full Article

Bayerische Motoren Werke AG to Start Trading on Bucharest Stock Exchange on August 23, 2012-SeeNews - The Corporate Wire
Tuesday, 21 Aug 2012 08:00pm EDT 

SeeNews - The Corporate Wire reported that shares of Bayerische Motoren Werke AG will start trading on the Bucharest Stock Exchange on August 23, 2012, the bourse said. The Company’s shares will be traded on the Alternative Trading System of the Bucharest bourse. Romanian brokerage house Tradeville will act as market maker for the Company. Shares issued by another 20 foreign companies, Adidas, Deutsche Telekom, E.ON, Christian Dior, Danone, Heineken, L’Oreal, Bayer, SAP, Daimler, Visa, Intel, Coca-Cola, Apple, Bank of America, Microsoft Corp., Google, McDonald's, JPMorgan Chase & Co and Merck & Co, are currently traded on Bucharest Stock Exchange's Alternative Trading System platform.  Full Article


EU readies possible capital, tech sanctions on Russia

BRUSSELS - The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner, but it delayed action for a few days.

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