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Bayerische Motoren Werke AG ADR (BAMXY)

- OTCPK - Current
  • 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.
    | Tue, Jan. 6, 4:37 AM | Comment!
  • Mon, Jan. 5, 1:54 PM
    • BMW (OTCPK:BAMXY) unit sales +9.5% to 48,141.
    • Sales growth by brand: BMW +11.1% to 41,256; Mini +0.3% to 6,615.
    • 2014 BMW sales +5.3% to 395,850.
    | Mon, Jan. 5, 1:54 PM | Comment!
  • 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."
    | Mon, Jan. 5, 3:04 AM | 1 Comment
  • Fri, Jan. 2, 9:04 AM
    • Automobile prices in India are set to increase as much as 6% after the government decides not to extend a tax break for manufacturers.
    • Execs with several automakers have already weighed in on the development, saying the higher tax will be passed on to consumes.
    • The development is expected to cut into demand in the short-term for an industry which was starting to gain traction.
    | Fri, Jan. 2, 9:04 AM | Comment!
  • Thu, Jan. 1, 3:41 AM
    • More than 60M vehicles were recalled in the U.S. in 2014, totaling an average of about two announcements a day and affecting the equivalent of one in five vehicles on the road.
    • GM's (NYSE:GM) defective ignition switch, Honda's (NYSE:HMC) Takata (OTCPK:TKTDY) air bag crisis and Fiat Chrysler's (NYSE:FCAU) flammable gas tanks led the group, doubling the previous U.S. annual recall record set in 2004.
    | Thu, Jan. 1, 3:41 AM | 16 Comments
  • Dec. 31, 2014, 9:04 AM
    | Dec. 31, 2014, 9:04 AM | 23 Comments
  • Dec. 30, 2014, 8:37 AM
    • China will extend subsidies on electric vehicles of up to 55K yuan ($8.8K) per vehicle until at least 2020, according to new draft rules published by the government.
    • The development is the latest indication that Beijing plans to back the EV industry in the region as part of a broadened pollution-control initiative.
    • Related news: Shenzhen (population ~10M) caps new car sales.
    • Stocks of interest: TSLA, OTCPK:BAMXY, KNDI, TM, and Berkshire Hathaway (BRK.A, BRK.B) via BYD Group.
    | Dec. 30, 2014, 8:37 AM | 22 Comments
  • Dec. 28, 2014, 12:40 PM
    | Dec. 28, 2014, 12:40 PM | 64 Comments
  • 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.
    | Dec. 23, 2014, 2:53 AM | Comment!
  • Dec. 22, 2014, 10:49 AM
    | Dec. 22, 2014, 10:49 AM | 12 Comments
  • Dec. 19, 2014, 3:00 PM
    • U.S. automobile sales are forecast to increase 11% in December to an annual selling rate of 16.6M units, according to a fresh forecast from TrueCar.
    • The research firm says the industry benefited from lower gas prices and a better month of weather than was seen a year ago.
    • For the full year, TrueCar expects total U.S. vehicle revenue to be up 8.3% to close to $1T.
    • Transaction prices on new cars are up 1.9% to $31,831 YTD.
    • Used vehicle sales are up 3.3% for the year.
    | Dec. 19, 2014, 3:00 PM | 3 Comments
  • Dec. 19, 2014, 2:17 PM
    • The age of connected cars appears closer with Google pushing forward with its next-gen Android M software designed to be integrated into automobiles.
    • The industry has a bit of an uneasy relationship with Google, despite the company's  open-source approach to the technology.
    • Though most major automakers collaborate with Google through the Open Automotive Alliance - which aims for a common platform to drive innovation - the self-driving car initiative of Google and their own infotainment ambitions keep them wary.
    • Analysts originally forecast vehicle-to-vehicle communication would be part of the connected car concept and be integrated into some models by 2016, although that timetable now appears unlikely.
    • What to watch: Before any major breakthrough occurs, the DOT needs to weigh in on next-gen connected cars. That gets trickier with safety and security concerns teed up again after the high-profile GM recall debacle and crippling Sony hacking incident.
    | Dec. 19, 2014, 2:17 PM | 13 Comments
  • Dec. 18, 2014, 9:14 AM
    • General Motors (NYSE:GM) suspends making deliveries to Russia due to the volatile situation with the ruble exchange rate.
    • The company operates in the region through Opel-division GM Russia.
    • Jaguar Land Rover (NYSE:TTM) and Audi (OTCQX:VLKAY) have also halted sales in the nation in reaction to the currency crisis.
    • The above automakers - along with BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIF), Hyundai (OTC:HYMLF), and Renault (OTC:RNSDF) - face large hits in Q4 due to exposure to the Russian currency.
    • Some estimates on ruble losses range over the $100M mark.
    | Dec. 18, 2014, 9:14 AM | 9 Comments
  • Dec. 16, 2014, 7:12 AM
    • BMW (OTCPK:BAMXY) car registrations +9.7% to 66,008 units in November, according to the European Automobile Manufacturers Association.
    • YTD registrations +3.6% to 727,336 units.
    • Market share: 6.9% in November, 6.3% YTD.
    • Results include the BMW and Mini brands.
    • EAMA release (.pdf)
    | Dec. 16, 2014, 7:12 AM | Comment!
  • Dec. 9, 2014, 7:12 AM
    • BMW (OTCPK:BAMXY) names Harald Krueger to be the company's new CEO.
    • Krueger served formerly as the automaker's head of production.
    • The exec assumes the CEO position in May after BMW's annual meeting.
    | Dec. 9, 2014, 7:12 AM | Comment!
  • Dec. 8, 2014, 11:30 AM
    • Sales of imports in Korea rose 22.4% in November in another indication that there is more upside in Asia for the industry than just China.
    • BMW (OTCPK:BAMXY) and Volkswagen (OTCQX:VLKAY) were the volume leaders .
    | Dec. 8, 2014, 11:30 AM | Comment!
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