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  • Yesterday, 7:04 AM
    • AlixPartners managing director Elmar Kades says the new fast-charging network planned in Europe through a combined effort of BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Volkswagen (OTCPK:VLKAY) and Ford gives "great visibility" to the strong commitment to the EV industry by major automakers.
    • There is also the obvious benefit to each company of reducing the cost of building the extensive charging network.
    • Source: Bloomberg
    • Previously: Ultra-fast EV charging network planned for Europe (Nov. 29)
    | Yesterday, 7:04 AM
  • Thu, Dec. 1, 1:20 PM
    • BMW (OTCPK:BMWYY) unit sales -15.8% to 30,696 units. The drop in sales occurred even with two extra selling days this November compared to last year.
    • Sales growth by brand: BMW -18% to 26,189; Mini +1.4% to 4,507 units.
    • BMW passenger car sales fell 27% on broad weakness across models.
    • TrueCar estimates on BMW: Average transaction price -2.1% Y/Y to $49,810. Incentive spending +25.3% to $6,279.
    • YTD total BMW sales -10.2% to 327,711 units.
    | Thu, Dec. 1, 1:20 PM | 3 Comments
  • Tue, Nov. 29, 4:56 PM
    • South Korea’s government says it plans to ban sales of some cars made by Nissan (OTCPK:NSANY), BMW (OTCPK:BMWYY) and Porsche (OTCPK:POAHF) after it found the companies manipulated documents to make their vehicles road worthy.
    • The government plans to levy a combined 6.5B won ($5.6M) in fines on the three automakers, which it says submitted documents that already had been used for similar models when they were applying for sales approval for some of their cars.
    • The government had widened its probe of certifications to more than a dozen foreign automakers after banning the sale of nearly all Volkswagen cars in the country.
    | Tue, Nov. 29, 4:56 PM
  • Tue, Nov. 29, 1:03 PM
    • A charging network is being created in Europe through a group effort that includes BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Ford (F +0.4%) and Volkswagen (OTCPK:VLKAY) brands Audi and Porsche.
    • The group sees an "ultra-fast high-powered" charging network along major highways with power levels up to 350 kW.
    • The initial build-up is planned to start next year with 400 sites across Europe. By 2020, thousands of high-powered charging points are expected.
    • Stanphyl Capital's Mark Spiegel points out that the planned network is at 2X the speed of Tesla's superchargers. It's the same Spiegel who Bloomberg reports is discussing Tesla (TSLA -2.2%) as a short idea at the Robin Hood conference in NYC.
    | Tue, Nov. 29, 1:03 PM | 204 Comments
  • Fri, Nov. 18, 10:39 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) and Amazon (NASDAQ:AMZN) are teaming up to sell cars online, according to Reuters. Consumers will still finalize their car purchases at a dealership.
    • The initiative will start off in Italy with the Fiat 500, Fiat Panda and Fiat 500L.
    • "The time has arrived to give consumers a new, more efficient and transparent way to choose a new vehicle," says Fiat's top exec in Italy.
    • Though the Fiat-Amazon tie-up isn't necessarily groundbreaking, it's still another crack in the dealership model that could have implications down the road.
    • Previously: Amazon launches automotive research portal, Amazon Vehicles (Aug. 25)
    | Fri, Nov. 18, 10:39 AM | 63 Comments
  • Fri, Nov. 18, 7:44 AM
    • BMW (OTCPK:BMWYY) and Baidu (NASDAQ:BIDU) have ended their self-driving car partnership over a difference of opinion on research and development pace.
    • The two companies had made some progress with their self-driving initiative, including developing automatic overtaking capabilities.
    • Baidu says it will seek out new autonomous driving partners.
    | Fri, Nov. 18, 7:44 AM | 1 Comment
  • Thu, Nov. 17, 9:18 AM
    • BMW (OTCPK:BMWYY) car registrations +3.5% to 80,557 units in October, according to the European Automobile Manufacturers Association.
    • Overall EU registrations -0.02% Y/Y to 1,104,506 units in October on broad gains on mixed results across nations. Registrations were up 9% in Italy and 4% in Spain, but fell almost 6% in Germany and were down 4% in France. YTD registrations are up 7.2% to 12.348502M.
    • BMW market share: 7.1% vs. 6.8% a year ago.
    • BMW YTD registrations +11.4%.
    • Results include the BMW and Mini brands.
    • EAMA release (.pdf)
    | Thu, Nov. 17, 9:18 AM
  • Wed, Nov. 16, 9:52 AM
    • The Los Angeles Auto Show is off and running this week, with technology companies stealing some of the early headlines.
    • Samsung (OTC:SSNLF) got the ball rolling with its huge acquisition of Harman (NYSE:HAR), while Amazon dazzled many by showcasing its connected-car Blue Link technology that uses the AI-heavy Alexa in Hyundai cars.
    • Ride sharing platforms are on display, led by BMW's Reach Now program which is a potential Uber (Private:UBER) X competitor.
    • may have sent a bit of shock wave through the auto retailer sector by demonstrating its advanced messaging platform that uses Facebook Messenger to help direct buyers to cars.
    • Then there is Olli which is the first self-driving vehicle to use IBM (NYSE:IBM) Watson as its brains.
    • There are plenty of new models on display at the Staples Center - including the Alfa Romeo Stelvio, Volkswagen e-Golf, Land Rover Discover, Porsche Panamera and Mazda CX-5. The first look at the Jaguar all-electric I-Pace SUV is one of the more talked about introductions.
    • The all-electric Chevy Bolt and Tesla Model X mobile design studio will also be making an appearance in LA. Expect some updates on both as the GM vs. Tesla war starts to get ratcheted up.
    | Wed, Nov. 16, 9:52 AM | 111 Comments
  • Wed, Nov. 16, 8:01 AM
    • German automakers are in talks with major autobahn operator Tank & Rast on building out a national EV charging network, according to Bild Zeitung.
    • The National Electric Mobility Platform estimates that up to 7.1K fast charging points are needed by 2020 to keep pace with demand.
    • The German government is supporting EV station build-out efforts through a €1B program.
    • Daimler (OTCPK:DDAIF), Volkswagen (OTCPK:VLKAY), and BMW (OTCPK:BMWYY) all have ambitious EV plans.
    | Wed, Nov. 16, 8:01 AM | 3 Comments
  • Mon, Nov. 14, 2:15 PM
    | Mon, Nov. 14, 2:15 PM | 91 Comments
  • Mon, Nov. 14, 8:08 AM
    • BMW (OTCPK:BMWYY) aims to sell 100K electric vehicles next year, according to German publication Sueddeutsche Zeitun.
    • Global EV sales are expected to top 60K vehicles this year.
    • "Electric mobility will come, but demand is not going through the roof at the moment," noted CEO Harald Krueger to Sueddeutsche Zeitung.
    | Mon, Nov. 14, 8:08 AM
  • Fri, Nov. 4, 9:25 AM
    | Fri, Nov. 4, 9:25 AM
  • Tue, Nov. 1, 1:44 PM
    • BMW (OTCPK:BMWYY) unit sales -16.6% to 27,971 units. There were two fewer selling days in the month this year than a year ago.
    • Sales growth by brand: BMW -18.4% to 24,017; Mini -3.3% to 3,954 units.
    • BMW passenger car sales fell 27% on broad weakness across models.
    • YTD total BMW sales -9.6% to 297,015 units.
    | Tue, Nov. 1, 1:44 PM | 1 Comment
  • Fri, Oct. 28, 9:30 AM
    • BMW (OTCPK:BMWYY) recalls 136,188 vehicles in the U.S. to address an issue with fuel pumps.
    • The recall action covers a range of models from the years 2007 to 2011.
    • Official NHTSA recall notice (.pdf)
    | Fri, Oct. 28, 9:30 AM | 2 Comments
  • Wed, Oct. 26, 12:41 PM
    • TrueCar estimates new U.S. vehicles sales will fall 6.6% in October to 1.36M units.
    • The forecast doesn't adjust for the two fewer selling days in the period this year. Hurricane Matthew was also a negative factor on sales during the month.
    • Rather suddenly, one of the more common words in the automobile sector in relation to sales growth has been "plateau" or variations of the noun. "As retail demand plateaus automakers will be forced to make the critical decision to cut vehicle production or increase incentives,' notes TrueCar analyst Eric Lyman.
    • Incentive spending is forecast to increase 16% Y/Y during October.
    • TrueCar's sales forecasts by automaker are posted below.
    • BMW (OTCPK:BMWYY) -10.7% to 30K units, market share 2.2% vs. 2.1% last month.
    • Daimler (OTCPK:DDAIF) +0.1% to 32.5K units, market share 2.4% vs. 2.3% last month.
    • FCA (NYSE:FCAU) -11.0% to 175K units, market share 12.9% vs. 13.5% last month.
    • Ford (NYSE:F) -9.9% to 192K units, market share 14.1% vs. 14.2% last month.
    • General Motors (NYSE:GM) -8.9% to 239.5K units, market share 17.6% vs. 17.4% last month.
    • Honda (NYSE:HMC) -2.8% to 128K units, market share 9.4% vs. 9.3% last month.
    • Hyundai (OTC:HYMLF) -7.0% to 55.8K units, market share 4.1% vs. 4.6% last month.
    • Kia (HYUMLF) -2.1% to 49K units, market share 3.6% vs. 3.4% last month.
    • Nissan (OTCPK:NSANY) -2.6% to 113K units, market share 8.3% vs. 8.9% last month.
    • Subaru (OTCPK:FUJHY) +0.7% to 52K units, market share 3.8% vs. 3.8% last month.
    • Toyota (NYSE:TM) -1.5% to 201K units, market share 14.8% vs. 13.7% last month.
    • Volkswagen (OTCPK:VLKAY) -16.9% to 43.5K units, 3.2% vs. 3.2% last month.
    • Research firms are likely to include Tesla Motors (NASDAQ:TSLA) in their monthly forecasts in the future as the EV automaker scales up with increased production of the Model S, Model X and the Model 3 in due time.
    | Wed, Oct. 26, 12:41 PM | 31 Comments
  • Mon, Oct. 24, 8:02 AM
    • BMW (OTCPK:BMWYY) is bringing back the 8 Series, reports German publication Automobilwoche.
    • Plans for the 8-Series include a two-door coupe, a convertible and possibly a M8 performance model.
    • The high-end 8 Series was built by BMW from 1989 to 1999 with V8 and V12 engines. Sales were very limited in North America.
    | Mon, Oct. 24, 8:02 AM