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Bayerische Motoren Werke AG (BMWG.DE)

BMWG.DE on Xetra

69.60EUR
22 Mar 2019
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€-1.55 (-2.18%)
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€71.15
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Wed, Mar 20 2019

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BMW plans to cut costs after warning on profits

MUNICH BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. | Video

UPDATE 3-BMW plans to cut costs after warning on profits

* Rules out forced redundancies (Adds analyst comment about BMW's profitability compared with rivals)

BMW, Varta apply for funds in battery cell push for e-cars

HAMBURG/BERLIN Luxury carmaker BMW and Germany's Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government.

UPDATE 1-BMW, Varta apply for funds in battery cell push for e-cars

* BMZ, Streetscooter, e.Go Mobile, Ford team up - source (Recasts, adds info from sources)

Honda says any Brexit delay must be long enough to give stability

LONDON Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a "worst-case scenario" no-deal Brexit after lawmakers backed postponing Britain's exit from the EU.

UPDATE 3-Honda says any Brexit delay must be long enough to give stability

* Ford: delay should last long enough to secure frictionless trade (Adds Ford)

UPDATE 1-BMW warns of difficult 2019 as it posts lower 2018 profit

FRANKFURT, March 15 BMW will step up cost cutting in anticipation of a difficult year, the German carmaker said on Friday, as it reported a 7.9 percent fall in 2018 operating profit due to higher investments in electric cars and currency headwinds.

BMW warns of difficult 2019 as it posts forecast-beating 2018 profit

FRANKFURT BMW's full-year operating profit fell 7.9 percent to 9.12 billion euros ($10.33 billion), beating analyst expectations thanks to cost and efficiency measures, even as the German carmaker warned on Friday about a difficult year ahead.

BMW warns of difficult 2019 as it posts forecast-beating 2018 profit

FRANKFURT, March 15 BMW's full-year operating profit fell 7.9 percent to 9.12 billion euros ($10.33 billion), beating analyst expectations thanks to cost and efficiency measures, even as the German carmaker warned on Friday about a difficult year ahead.

BMW still preparing for no-deal after UK parliament backs Brexit delay

LONDON, March 15 German carmaker BMW is continuing to prepare for a no-deal Brexit, which it said was the worst-case scenario, after British lawmakers voted overwhelmingly to seek a delay to Britain's exit from the European Union.

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