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Bayerische Motoren Werke AG ADR (BAMXY)

- OTCPK - Current
  • Sat, Sep. 5, 12:02 PM
    • News in the automobile industry this week continues to indicate seismic changes are coming.
    • The Silicon Valley factor: A deeper commitment by Apple and Google in the automobile sector is widely anticipated, although an all-in bet on the manufacturing side is still considered a reach. Key acquisitions, partnerships, or joint ventures in software, self-driving technology, and infotainment systems could sort out the winners from the losers. German players BMW (OTCPK:BAMXY) and Mercedes-Benz (OTCPK:DDAIF) could be in the mix.
    • The Sergio factor: Though the Fiat Chrysler Automobiles (NYSE:FCAU) CEO continues to make some bold projections on the powerful merger synergies a tie-up with General Motors (NYSE:GM) would create, his math works for other combinations within the industry as well. Nissan (OTCPK:NSANY), Tata Motors (NYSE:TTM), Honda (NYSE:HMC), and Volvo (OTCPK:GELYF) are each struggling in various markets.
    • The Tesla factor: Tesla Motors (NASDAQ:TSLA) has engaged in a war of words with Toyota (NYSE:TM) in the electric vs. hydrogen debate. The EV automaker is also in a race with General Motors and Nissan over developing a mass-market EV with the driving range and sticker price to sell at scale. There's also been a tug-of-war over employees with Silicon Valley counterpart Apple. With so many enemies, some analysts think Tesla needs more friends in the space. Who has the ~$40B-$50B to buy out Elon or the moxie to strike a strategic partnership?
    • Looking for a wildcard? Sony (NYSE:SNE) CEO Kazuo Hirai told the Financial Times this week that his company would absolutely partner with an automobile company if a deal makes sense.
    | Sat, Sep. 5, 12:02 PM | 97 Comments
  • Tue, Sep. 1, 1:02 PM
    • BMW (OTCPK:BAMXY) unit sales +2.0% to 32,864 units.
    • Sales growth by brand: BMW +2.0% to 27,755; Mini +2.1% to 5,109 units.
    • BMW passenger car sales rose 2.9% to 21,929 units, paced by strong demand for the 3 Series.
    • YTD BMW sales +7.3% to 263,908 units.
    | Tue, Sep. 1, 1:02 PM | Comment!
  • Mon, Aug. 24, 11:47 AM
    • Morgan Stanley analyst Adam Jones warns General Motors (GM -4.9%) is "highly dependent" on China for cash flow.
    • The numbers back up Jonas after GM earned almost a third of all its net income over the last two years from the region.
    • German automakers (OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY) also have a high level of exposure to China.
    | Mon, Aug. 24, 11:47 AM | 8 Comments
  • Thu, Aug. 20, 3:58 PM
    • Researchers poring over data on pollution in China have concluded the issue may be even worse than feared, reports The Economist.
    • Relying on government air-reporting systems, scientists think that 83% of the Chinese population is exposed to air that the EPA would label as unhealthy in the U.S. Many of those living in the Beijing to Shanghai corridor experience air that's the equivalent of smoking 40 cigarettes a day, according to the measurements.
    • The read on pollution has a major impact for automakers in China. The government is expected to increase pressure on the industry by rolling back some favorable subsidies to give them an incentive to shoot for profitability at volume. The development coincides with a trend toward weaker pricing in the sector.
    • It's not clear all automakers have a strategy aligned with the changing market conditions.
    | Thu, Aug. 20, 3:58 PM | 21 Comments
  • Mon, Aug. 17, 9:30 AM
    • BMW (OTCPK:BAMXY) will move to a plug-in hybrid powertrain when the next version of the M3 sedan is brought to the market, tips The Detroit Bureau.
    • The German automaker isn't revealing quite yet the timing of a new hybrid M3 - a model introduction which has the potential to shake up the luxury EV market.
    | Mon, Aug. 17, 9:30 AM | Comment!
  • Mon, Aug. 17, 7:23 AM
    • Volkswagen (OTCQX:VLKAY) says 2,700 vehicles were damaged during the explosions last week at the port in Tianjin.
    • Earlier today, Renault (OTC:RNSDF, OTCPK:RNLSY) disclosed 1,500 of its automobiles were burned during the incident.
    • Toyota (NYSE:TM) and BMW (OTCPK:BAMXY) both expect production line disruptions in China due to damage in Tianjin.
    | Mon, Aug. 17, 7:23 AM | 1 Comment
  • Wed, Aug. 12, 7:04 AM
    • BMW Group (OTCPK:BAMXY) reports global deliveries increased 5.6% to 173,195 units in July.
    • Sales growth by brand: BMW +5.8% tp 147,153 units; Mini +4.8% to 25,516 units; BMW Mottorad +21.5% to 14,168.
    • The company cited strength in Europe and the NAFTA region during the month.
    • YTD BMW global deliveries +7.5% to 1,272,953 units.
    | Wed, Aug. 12, 7:04 AM | Comment!
  • Tue, Aug. 11, 7:25 AM
    | Tue, Aug. 11, 7:25 AM | 9 Comments
  • Mon, Aug. 3, 1:51 PM
    • BMW (OTCPK:BAMXY) unit sales -0.2% to 32,161 units.
    • Sales growth by brand: BMW +2.1% to 26,970; Mini -10.7% to 5,191 units.
    • BMW passenger car sales were down 16% to 17,819 units, with demand lower for the Series 3, 4, and 5.
    • YTD BMW sales +8.1% to 231,044 units.
    | Mon, Aug. 3, 1:51 PM | Comment!
  • Mon, Aug. 3, 1:57 AM
    • A consortium of German carmakers, including BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIY) and Audi (OTCPK:AUDVF), have agreed to buy Nokia's (NYSE:NOK) maps business HERE for an enterprise value of €2.8B ($3.07B), as they look to extend their reach into digital services for connected cars.
    • The sale will also help Nokia focus on integrating its €15.6B purchase of Alcatel-Lucent, a deal that will create the world's second largest network equipment maker.
    • Previously: Bloomberg: Nokia close to HERE maps unit sale (Jul. 21 2015)
    | Mon, Aug. 3, 1:57 AM | 65 Comments
  • Fri, Jul. 31, 1:50 PM
    | Fri, Jul. 31, 1:50 PM | 52 Comments
  • Thu, Jul. 23, 11:09 AM
    | Thu, Jul. 23, 11:09 AM | Comment!
  • Wed, Jul. 22, 11:28 PM
    | Wed, Jul. 22, 11:28 PM | Comment!
  • Tue, Jul. 21, 11:32 AM
    • The WSJ and Germany's Manager Magazin report Nokia (NOK -0.7%) has reached a deal with a consortium featuring Daimler (OTCPK:DDAIY), BMW (OTCPK:BAMXY), and Audi (OTCPK:AUDVF) to sell its HERE mapping/navigation software unit for about €2.5B ($2.72B).
    • The deal will reportedly be finalized by month's end, with the automakers subsequently running HERE, the top player in the automotive navigation software space, as an open platform. The reported sale price is less than the ~$4B Nokia was believed to be seeking.
    • With HERE having 2014 revenue of €969M (+6% Y/Y), Nokia appears to be selling the unit for roughly 2.6x trailing sales. Bloomberg reported overnight Nokia and the automakers were close to a deal.
    • Update: More details from the WSJ. Sources state the automakers "intend to purchase all of Nokia Here and then invite other global auto makers to take stakes in the company."
    • Update 2: Reuters reports a deal worth between €2.5B-€3B is close, while adding the issue of patent ownership still needs to be worked out. The automakers want full ownership of Nokia's mapping patents; Nokia wants to keep control of some of the patents related to "how mobile devices connect to networks."
    | Tue, Jul. 21, 11:32 AM | 56 Comments
  • Tue, Jul. 21, 6:19 AM
    | Tue, Jul. 21, 6:19 AM | 56 Comments
  • Sun, Jul. 19, 9:43 AM
    • Major automakers face pressure from a drop in demand in China amid economic weakness. Deliveries turned negative in June for the first time since February of 2013 and the China Association of Automobile Manufacturers now expects industry sales growth of 3% vs. a prior forecast of 7%. Vehicle sales were up 1.4% to 11.85M units during 1H.
    • Volkswagen (OTCQX:VLKAY) relies on China for half of its net profit and 71% of free cash flow. Credit Suisse notes the China factor gives the German automaker the punch to make a dividend possible.
    • General Motors (NYSE:GM) churned up 40% of its new income and 20% to 30% of its operating cash flow from China, according to an estimate from Barclay tied to its downgrade of GM earlier in the week. Goldman Sachs and Buckingham Research have also recently cut profit estimates on GM.
    • Ford (NYSE:F) cut its sales outlook for the China auto market to 24M-26M vehicles after Q1. The company could revise the broad forecast lower again with its Q2 report on July 28 and reset its own sales expectations.
    • There's been some pricing cuts by the Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and German high-end sellers (OTCPK:BAMXY, OTCPK:DDAIF) as they adjust to the "new normal" in China.
    • Tesla Motors (NASDAQ:TSLA) is still trying to get out of first gear in China. The reception to the Model X debut next year and the impact of EV subsidies are key factors.
    • Domestic automakers (OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF) have increased market share in China this year in key segments, but are feeling the same pinch from the drop in expected overall demand.
    | Sun, Jul. 19, 9:43 AM | 113 Comments
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