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Bayerische Motoren Werke AG ADR (BAMXY)

- OTCPK - Current
  • Thu, Jul. 16, 7:32 AM
    • BMW (OTCPK:BAMXY) car registrations +15.2% to 91,962 units in June, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +14.8% Y/Y to 1,413,911 units in June to mark the strongest month-over-month increase since December of 2009.
    • BMW market share: 6.5% vs. 6.5% a year ago.
    • BMW YTD registrations +11.9%.
    • Results include the BMW and Mini brands.
    • EAMA release (.pdf)
    | Thu, Jul. 16, 7:32 AM | Comment!
  • Mon, Jul. 13, 12:35 PM
    • BMW (OTCPK:BAMXY) issues a confident outlook on China despite a jarring profit warning out today from joint venture partner Brilliance China Automotive (OTCPK:BCAUF, OTCPK:BCAUY).
    • The JV makes the X1 compact SUV and 3-series model for sale in the nation.
    • Brilliance cited higher production costs as a negative factor for its profit expectations in a statement to the Hong Kong Stock Exchange.
    | Mon, Jul. 13, 12:35 PM | Comment!
  • 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, 11:49 AM | Comment!
  • Thu, Jul. 9, 11:04 AM
    | Thu, Jul. 9, 11:04 AM | 1 Comment
  • Thu, Jul. 9, 4:10 AM
    | Thu, Jul. 9, 4:10 AM | 16 Comments
  • 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.
    | Mon, Jun. 29, 9:18 AM | Comment!
  • 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)
    | Thu, Jun. 25, 1:55 AM | 3 Comments
  • 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, 7:55 AM | Comment!
  • 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.
    | Tue, Jun. 16, 7:19 AM | 61 Comments
  • Fri, Jun. 12, 7:39 AM
    • BMW (OTCPK:BAMXYreports deliveries rose 5.9% to 188,287 units in May.
    • Deliveries for the BMW brand were up 4.0% during the month, while Mini deliveries increased 18.3%.
    • YTD BMW global sales +7.7% to 890,937 units.
    | Fri, Jun. 12, 7:39 AM | Comment!
  • 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.
    | Thu, Jun. 11, 3:15 PM | Comment!
  • 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)
    | Sat, Jun. 6, 11:50 AM | 129 Comments
  • 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.
    | Fri, Jun. 5, 10:34 AM | 175 Comments
  • 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
    | Wed, Jun. 3, 7:38 AM | Comment!
  • Tue, Jun. 2, 1:51 PM
    • BMW (OTCPK:BAMXY) unit sales +4.3% to 36,836 units.
    • Sales growth by brand: BMW +4.7% to 31,003; Mini +1.8% to 5,833 units.
    • BMW passenger car sales were up 12.8% to 21,691 units, led by solid demand for the 3/4 Series.
    • YTD BMW sales +10.0% to 160,533 units.
    | Tue, Jun. 2, 1:51 PM | Comment!
  • 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.
    | Thu, May 21, 1:38 PM | 44 Comments
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