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Bayerische Motoren Werke AG (BAMXF)

- OTCPK - Current
  • Fri, Jan. 9, 4:38 AM
    • German automakers had a great year in 2014 despite stiff competition in the growing market for luxury cars and SUVs.
    • BMW's (OTCPK:BAMXY) vehicle sales soared past the 2M mark for the first time last year, as deliveries of its BMW, Mini and Rolls-Royce brands rose 7.9% to 2.12M cars.
    • Volkswagen’s (OTCQX:VLKAY) Porsche brand also sold more cars than ever in 2014, delivering 190K vehicles to customers, and reporting a 17% rise in annual sales.
  • Tue, Jan. 6, 4:37 AM
    • The Consumer Electronics Show that kicked off in Las Vegas yesterday is showing off some future technologies that could hit the auto industry.
    • Likened to a luxury lounge that chauffeurs passengers autonomously, Mercedes Benz (OTCPK:DDAIF) showed off a prototype for its new concept car on Monday, called the F 015 Luxury in Motion.
    • BMW (OTCPK:BAMXY) will unveil its wirelessly charging i8 hybrid sports car later this week, which uses a magnetic field to transmit electricity between a base pad on a garage floor and a coil on the underside of the vehicle.
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  • Mon, Jan. 5, 3:04 AM
    • BMW (OTCPK:BAMXY) has agreed to pay 5.1B yuan ($820M) to its distributors in China to help cover their losses after the retailers stopped ordering cars from the manufacturer, Bloomberg reports.
    • Slowing sales growth means a "new normal" is emerging in the country’s auto market, BMW said in an e-mailed statement.
    • The carmaker and dealer group "reached consensus on the structure of optimized business measures and financial allocation for the dealers."
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  • Dec. 23, 2014, 2:53 AM
    • BMW (OTCPK:BAMXY) is next to expand a Takata (OTCPK:TKTDY) recall nationwide, following the lead of four rival automakers.
    • The NHTSA has been pushing carmakers to broaden the recall beyond a limited area with high humidity and they have gradually followed suit.
    • At least five deaths have been linked to the Takata inflaters, although none of them have been in BMW vehicles.
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  • Nov. 24, 2014, 1:42 AM
    • Tesla (NASDAQ:TSLA) is in talks with BMW (OTCPK:BAMXY) over a possible partnership in battery technology, charging stations and light-weight components, Elon Musk told German weekly Der Spiegel.
    • In an interview published on Sunday, Musk called BMW's carbon fiber reinforced car body parts "interesting" and "relatively cost efficient," and expects Tesla to have a battery production plant in Germany in five to six years.
  • Nov. 18, 2014, 6:19 PM
  • May. 26, 2014, 9:52 AM
    • Ford (F) CEO Alan Mulally has warned about overproduction in Europe, saying that factory closures over the past year have not lowered capacity enough.
    • "European carmakers need to cut back excess capacity on the continent remains at dangerous levels," Mulally says.
    • His warning comes despite sales on the continent starting to recover this year after falling by about 4M cars from 2007-2013.
    • Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
  • Apr. 18, 2014, 6:03 AM
  • Feb. 15, 2014, 12:05 AM
    • In one of the most closely watched union votes in the U.S. in decades, workers at the Volkswagen (VLKAY, VLKAF) plant in Chattanooga, Tenn., voted against joining the United Auto Workers union.
    • A win would have marked the first time the UAW had been able to organize a foreign-owned auto plant in the U.S., as well as a turnaround in sentiment in the traditionally anti-union South.
    • The UAW’s loss likely will hurt plans to organize other auto plants in the South; two other German-owned plants, Mercedes-Benz (DDAIF) in Alabama and BMW (BAMXY, BAMXF) in South Carolina, as well as a Nissan (NSANY, NSANF) plant in Mississippi, have been among its top targets.
    • The UAW enjoyed some unusual help - the cooperation of Volkswagen management and the aid of Germany's IG Metall union - yet it still lost; "If the union can't win [in Chattanooga], it can't win anywhere."
  • Feb. 12, 2014, 4:31 AM
    • The major auto makers have found themselves in a bit of a dilemma.
    • They've been offering discounts in order to clear an increasing amount of unsold inventory in the U.S., which in January reached the highest level since August 2009.
    • However, the industry wants to avoid getting sucked into the kind of price wars that have caused so much trouble in the past.
    • Production cuts are not on the agenda at the moment.
    • Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
    | 1 Comment
  • Jan. 16, 2014, 3:48 AM
    • European car sales dropped for the sixth year in a row in 2013, slipping 1.7% to 11.9M vehicles, the European Automobile Manufacturers' Association says. That's the worst performance since ACEA began tracking the data in 2003.
    • However, the moderate recovery in sales that began in H2 accelerated in December, with new-car registrations climbing 13% to 906,294 vehicles.
    • Despite the pick-up, industry executives remain cautious. "The European car market is starting the year in its best condition for two or three years," said Yann Delabrière, the CEO of components supplier Faurecia. "But it is too early to say we have a clear vision of the turnaround." (PR)
    • Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
  • Nov. 20, 2013, 3:46 PM
    • BMW (BAMXY -1.2%) has had orders for nearly 10K of its i3 electric cars, global sales chief Ian Robertson said at the LA Auto Show. First deliveries were made in Germany last week, and the vehicle will go on sale in America during Q2 of 2014.
    • The i8 plug-in hybrid sports model, which will be introduced in mid-2014, has already sold out for its first year of availability.
    • Previous: BMW's new i-brand launches
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  • Nov. 19, 2013, 2:49 AM
    • European car sales rose for a second month in a row in October, climbing 4.6% on year to 1.04M registrations after a 5.5% gain in September.
    • However, registrations fell 3.1% in January-October, strengthening the likelihood that the market will fall for a sixth consecutive year in 2013.
    • The Spanish car market jumped 34.4%, while most other markets grew moderately, although Italy fell 5.6%.
    • Toyota (TM) +16.5%, Renault (RNSDF) +14%, Volkswagen (VLKAF) +5.7%, General Motors (GM) +6.2%, Daimler's (DDAIF) Mercedes-Benz +8.5%, and BMW (BAMXF) +0.3%.
    • However, Fiat (FIATY) -7.3%, Honda (HMC) -6.4%, Peugeot (PEUGF) -0.7% and Ford (F) -0.2%. (PR)
    | 1 Comment
  • Oct. 16, 2013, 3:50 AM
    • European new-car sales increased at the fastest rate in over two years in September, climbing 5.5% on year to 1.19M vehicles after dropping 4.9% in August.
    • In January-September, sales fell 3.9% to 9.34M cars.
    • Last month's figures were boosted by the end of the eurozone recession, price cutting, and a Spanish government-incentive scheme that helped demand jump 29%.
    • "Car sales in the EU are showing signs of improvement, indicating that the worst is behind us," says Ernst & Young's Peter Fuss. "The sales, however, continue to be artificially boosted by huge discounts and self-registrations by dealers.
    • Registrations in the U.K. rose 12% and 3.4% in France, but dropped 1.2% in Germany and 2.9% in Italy.
    • GM's (GM) sales +5.4%, Ford (F) +5%. (PR)
    | 1 Comment
  • Oct. 1, 2013, 9:29 AM
    • BMW (BAMXY.PK) recalls 176K 2012-2014 vehicles due to a problem with the power brake system.
    • Previous: BMW, Hyundai, and Kia recall 181K vehicles in China
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  • Sep. 30, 2013, 9:07 AM
    • BMW's (BAMXY.PK) China venture, BMW Brilliance Automotive, is recalling 75.8K 5 Series vehicles to fix faulty socket adapters for tail lights. 2 months ago, the company recalled 143K 5 Series models due to problems with the electric power steering system.
    • Hyundai (HYMLF.PK) is recalling 65K Hyundai and Kia cars due to problems with the brake pedals. And Kia's separate China JV is recalling 41K vehicles for the same reason. Previously, Hyundai and Kia recalled 660K cars in South Korea to repair a faulty brake switch.
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