Bayerische Motoren Werke AG (BMWG_p.DE) Key Developments | Reuters.com
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Bayerische Motoren Werke AG (BMWG_p.DE)

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Latest Key Developments (Source: Significant Developments)

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

Bayerische Motoren Werke AG recall vehicles in U.S. with Takata air bags - Reuters
Wednesday, 10 Feb 2016 01:24pm EST 

Bayerische Motoren Werke AG:The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier - RTRS.BMW said it would recall 840,000 vehicles.The BMW recalls include one 2015 model.The recalls mark the latest expansion of a safety crisis over defective Takata air bags that began in 2009. Some 24 million U.S. vehicles involving about 28 million Takata air bag inflators have been recalled.The recalls by the German companies were limited to the U.S. market. Daimler, VW and BMW each said they are not aware of any air bag failures in their vehicles.  Full Article

Bayerische Motoren Werke AG - Takata recalls air bag inflators in 5.1 mln US vehicles - Reuters - Update
Tuesday, 26 Jan 2016 07:06pm EST 

Bayerische Motoren Werke AG:U.S. auto safety regulators said Tuesday that air bag maker Takata Corp 7312.T declared 5.1 million U.S. vehicles defective, as the company disclosed an 11th death could be linked to a faulty airbag - RTRS.Most of the vehicles mentioned in numerous previous recalls involving Takata air bags have been older models, but the new recalls include some 2014 models. - RTRS.The Japanese company said newer vehicles remain under "investigation and could be subject to recall at a later date." - RTRS.The newly released documents show that regulators may prod automakers to recall recent models. - RTRS.The automakers involved in the new Takata inflator recalls include Honda, BMW AG, Volkswagen AG's Volkswagen and Audi brands, Daimler AG's Mercedes-Benz and Sprinter van brands, Mazda Motor Corp, and Saab AB - RTRS.Toyota Motor Corp 7203.T is listed by Takata as part of the new recall, but the company said all of its vehicles involved were recalled in 2015 - RTRS.NHTSA did not make clear how many, and which automakers were involved with recalls for 2014 models - RTRS.Honda has previously recalled about 6.28 million vehicles in the United States for air bag inflators, a Honda spokesman said. Honda worldwide has recalled vehicles with 23 million Takata air bag inflators since 2008 - not counting the latest recall - RTRS.  Full Article

Bayerische Motoren Werke AG selects TomTom Traffic information in Russia, New Zealand and Australia​
Tuesday, 5 Jan 2016 01:30am EST 

TomTom NV:Bayerische Motoren Werke AG has chosen TomTom's traffic information in Russia, New Zealand and Australia.  Full Article

Bayerische Motoren Werke AG - NHTSA Fines BMW $40 Million for Series of Violations - DJN
Monday, 21 Dec 2015 01:30pm EST 

Bayerische Motoren Werke AG:BMW AG has been hit with a $40 million fine after failing to address crash-testing problems on its small Mini vehicles, the latest in a string of automotive companies to be penalized by U.S. regulators over safety concerns and other violations of federal mandates - DJ.The fine, announced Monday in a press release, caps a year of auto industry crackdowns by the Department of Transportation and the Environmental Protection Agency. - DJ.Regulators have come down hard on a series of violations pinned to a variety of companies, ranging from problems with air bags to cheating on emissions tests. - DJ.Regulators vowed to get tougher on auto makers in the wake of General Motors Co.'s ignition switch crisis, which led to billions of dollars in damages and embarrassment for company executives and leaders at the National Highway Traffic Safety Administration. - DJ.NHTSA Administrator Mark Rosekind took the agency's top late last year vowing to hold accountable companies failing to effectively address safety concerns. - DJ.NHTSA's BMW fine represents the second time in recent months that a German auto maker has been called out for not playing fair with regulators. - DJ.The EPA in September announced a set of emissions-testing violations by Volkswagen AG, leading to a management shake-up and company disclosers about wider-reaching problems with its diesel vehicles throughout the world.- DJ.  Full Article

Bayerische Motoren Werke AG recalls "baby racer" toy car over health hazard - Reuters
Thursday, 17 Dec 2015 05:50am EST 

Bayerische Motoren Werke AG:BMW BMWG.DE is recalling its "Baby Racer" ride-on children's toy car because a sticker showing the brand's logo could be peeled off the steering wheel and choke toddlers, the carmaker said on Thursday. - RTRS.Although the sticker may come off only "in very rare cases", BMW has issued the recall order "to avoid any danger," it said. - RTRS.Owners of BMW's "Baby Racer III" model affected by the problem will be handed a new vehicle at their local dealership at no charge, the Munich-based luxury-car manufacturer said in a statement. - RTRS.The recall affects models assembled between May and December this year and may involve "several hundred" units in Germany, a spokesman said. Baby Racer II is priced from 89 euros on the carmaker's website. - RTRS.  Full Article

BMW Group declines to speculate on long-term Brexit impact

LONDON, June 24 German carmaker BMW Group said there will be "no immediate change" to its operations in the United Kingdom following the country's decision to leave the European Union and declined to speculate on any longer-term implications.