Thu, Jul. 9, 11:49 AM
- BMW (OTCPK:BAMXY) reports global deliveries rose 8% in June to 208,813 units.
- Sales by brand: BMW +5.05 to 172,437 units; Mini +25.4% to 36,025 units; Rolls-Royce -10% to 351; BMW Motorrad +31% to 15,490.
- Strong demand in South Korea and Japan is helping to offset a slower-than-anticipated track for BMW in China.
- YTD deliveries +7.8% to 1,099,748 units.
Thu, Jul. 9, 11:04 AM
- Automobile deliveries fell 3.2% to 1.43M units in June, according to figures released by the China Passenger Car Association.
- It's the first time since February of 2013 that monthly sales have fallen in the nation.
- Chinese automakers and OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF and foreign sellers including BMW (OTCPK:BAMXY), Volkswagen (OTCQX:VLKAY), Tata Motors (NYSE:TTM), and Peugeot (OTCPK:PEUGF) were aiming higher than the current pace of sales.
Thu, Jul. 9, 4:10 AM
- With rival offers unraveling, Germany's big car makers have reached a stand-off with Nokia (NYSE:NOK) in their joint bid to buy the latter's maps business HERE, Reuters reports.
- BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIY) and Volkswagen (OTCQX:VLKAY) are feeling less pressure to pay a high price for HERE, amid signs that rival bidders such as Uber (Pending:UBER) have dropped out of the race.
- Analysts estimate the value of the mapping unit at €2B-€4B.
- Previously: Bloomberg: Nokia wants to sell HERE to German automakers for ~$4B (Jun. 18 2015)
Mon, Jun. 29, 9:18 AM
- BMW (OTCPK:BAMXY) and Toyota (NYSE:TM) have shifted up a gear on their project to develop a midsize sports car together.
- The alliance between the two automakers dates back to 2013 and includes a separate initiative to share research on fuel cell technology.
- An increase in shared platforms between major automakers has been a major theme this year of Fiat Chrysler CEO Sergio Marchionne.
Thu, Jun. 25, 1:55 AM
- Ford (NYSE:F) is not the only one jumping into the car-sharing space. General Motors (NYSE:GM) and BMW (OTCPK:BAMXY) have now announced Airbnb-style schemes, which will allow car owners to earn money by renting out their new vehicles to other drivers.
- "Society and the automotive industry are undergoing radical change," said Peter Schwarzenbauer, member of the BMW board for the British brands Mini and Rolls-Royce.
- Previously: Ford joins car-sharing business (Jun. 24 2015)
Tue, Jun. 16, 7:55 AM
- BMW (OTCPK:BAMXY) car registrations +7.9% to 72,493 units in May, according to the European Automobile Manufacturers Association.
- Overall EU registrations +1.3% Y/Y to 1,109,893 units in May with demand strong in Poland, Czech Republic, Italy, and Spain.
- BMW market share: 6.3% vs. 5.9% a year ago.
- BMW YTD registrations +11.0%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Tue, Jun. 16, 7:19 AM
- Germany is expected to make a decision by the end of the year if it will provide major incentives for the electric vehicle industry to reach a goal of one million EVs on German roads by the end of the decade.
- The nation faces some pressure from an European Union mandate to help automakers cut vehicle fleet emissions to 95 grams/km by 2021.
- "Germany will have no choice but to offer further support (for EVs) although we've already done some things," noted Chancellor Angela Merkel at an EV conference.
- Related stocks: OTCPK:BAMXY, OTCPK:DDAIF, TSLA, OTCQX:VLKAY.
Fri, Jun. 12, 7:39 AM
Thu, Jun. 11, 3:15 PM
- BMW (OTCPK:BAMXY) and Baidu (NASDAQ:BIDU) plan to start road testing a self-driving car the two companies are developing together later this year.
- The partners aim to create a prototype that can be taken out on highways in Beijing and Shanghai.
- Some automobile industry watchers think self-driving cars will be used for commercial purposes (delivery, shuttles, taxis) before being produced for the mass-market segment.
- Google is now building its own self-driving protoypes after relying on Lexus and Toyota models previously.
Sat, Jun. 6, 11:50 AM
- Funding for electric vehicle incentive programs is in jeopardy in some states, according to a breakdown by Automotive News.
- Illinois recently suspended its Alternate Fuels Rebate Program due to fiscal reasons, while several other states appear likely to let EV funds run out with no plans to reload.
- Industry groups such as the Electrification Coalition are pushing legislators to continue the programs until consumer awareness on EVs is elevated and infrastructure is built out.
- Related stocks: OTCPK:NSANY, OTCPK:BAMXY, TSLA, GM, TM.
- Previously: Electric vehicle demand steady as long-term forecasts debated (June 5)
Fri, Jun. 5, 10:34 AM
- Electric vehicles sales in the U.S. are tracking almost even with last year's pace after five months.
- An increase in advertising and key price cuts on some models contributed to a M/M boost in demand in May, according to analysts.
- There's also the ZEV factor as automakers balance EV production levels against government mandates.
- Despite the sluggish pace of EV sales over the last year, a fresh report from Navigant Research estimates 1.1M plug-in electric vehicle sales by 2024 as more models are introduced with extended ranges and mass-market pricing.
- TrueCar estimates several models will sell over 100K per year after the 200-mile range threshold is crossed.
- Though the Tesla Motors (NASDAQ:TSLA) Model 3 and General Motors (NYSE:GM) Bolt are the models given the best chance by some analysts to put out large volume numbers, Nissan (OTCPK:NSANY) is also waiting in the wings with a second-gen Leaf and Infiniti EV.
- Early demand for the BMW (OTCPK:BAMXY) i3 has surprised on the upside which may reinforce the German automaker's ambition in the segment.
- Ford (NYSE:F) and Toyota (NYSE:TM) are adopting a nimble strategy with EV production which may pay off in the long term.
Wed, Jun. 3, 7:38 AM
- BMW (OTCPK:BAMXY) unveils the BMW X1 SUV which will be sold in the U.S. this fall.
- The automaker switched to a front-wheel drive architecture for the second version of the SUV model.
- Significant advances in the connected car features are also a significant selling point for the new X1.
- Cadillac, Audi, and Mercedes-Benz are all introducing new models in the red-hot luxury crossover/SUV segment.
- Car and Driver review
Tue, Jun. 2, 1:51 PM
Thu, May 21, 1:38 PM
- Reuters reports Mercedes (OTCPK:DDAIF), BMW (OTCPK:BAMXY), and Audi (OTCPK:AUDVF) are partnering with P-E firm General Atlantic to bid for Nokia's (NOK +3.2%) HERE mapping/navigation software unit. Like Bloomberg on Monday, Reuters states HERE could fetch up to $4B.
- One source states General Atlantic would likely take a 30% stake; another states the automakers are each willing to contribute up to $780M towards a bid.
- The automakers, also mentioned in past M&A reports about HERE, have reportedly "made an indicative offer for an undisclosed amount." However, they're waiting for Nokia to respond before deciding whether to up their bid.
- Both Reuters and Bloomberg have reported Baidu, Uber, and P-E firm Apax Partners have launched a separate bid, and that a consortium consisting of Tencent, NavInfo, and Swedish P-E firm EQT Partners has also shown interest.
- Nokia has rallied to its highest levels since late April, when shares plunged in response to the company's Q1 results. All-stock merger partner Alcatel-Lucent (ALU +2.8%) is also higher.
Tue, May 19, 7:36 AM
- BMW (OTCPK:BAMXY) European car registrations +12.0% to 75,581 units in April, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.9% Y/Y in April, led by a strong month in Germany, the U.K., and Italy. YTD registrations +8.2%.
- BMW market share: 6.2% vs. 6.0% a year ago.
- BMW YTD registrations +11.7%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Wed, May 13, 9:35 AM
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