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

BMWG_p.DE on Xetra

68.12EUR
23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

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

TVS Motor Co Ltd On Possible Deal With Bayerische Motoren Werke AG-Moneycontrol
Wednesday, 3 Apr 2013 03:35am EDT 

Moneycontrol reported that TVS Motor Co Ltd may announce its final deal with Bayerische Motoren Werke AG on April 8. This deal will principally have two components. First, there is going to be a technology alliance between the two partners. Second, there is possibility of joint manufacturing of select high-end motorcycles of TVS, reports CNBC-TV18.  Full Article

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

BMW expands Takata air bag recall to nationwide U.S.

DETROIT - BMW on Monday said it has expanded a U.S. regional recall for certain vehicles with driver-side air bag inflators made by Takata Corp to cover the entire country, following the lead of four rivals that have taken similar steps.

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