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Bayerische Motoren Werke AG ADR (BAMXY)

- OTCPK - Current
  • Aug. 8, 2014, 7:46 AM
    • China auto sales rose 9.7% to 1.3M vehicles in July, according to The China Association of Automobile Manufacturers. The mark falls short of the double-digit pace seen in May and June.
    • Passenger car sales rose 11% to 11M in China for the first seven months of the year.
    • German automakers (OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY) have gained 190 bps of market share this year to 21.5% share, while Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) added 20 bps to 15.1%.
    • Cars sold by Chinese automakers repped 37% of the market, while U.S. automakers (GM, [F) grabbed 12.8%.
    | 12 Comments
  • Aug. 8, 2014, 6:56 AM
    • BMW (OTCPK:BAMXY) becomes the latest global automaker to cut prices on spare parts in China.
    • The German automaker took the measure in response to a broad antitrust investigation.
    • The prices on more than 2K components will be cut by an average of 20%.
    | Comment!
  • Aug. 8, 2014, 4:50 AM
    • BMW (OTCPK:BAMXY) is now the latest foreign automaker in China to cut its spare parts prices.
    • The company says that it will lower its prices by 20% on average on more than 2,000 spare parts due to the anti-monopoly probe of China's National Development and Reform Commission.
    • Many foreign automakers have announced price cuts in recent weeks including Mercedes-Benz, Jaguar Land Rover and Audi.
    | Comment!
  • Aug. 1, 2014, 1:23 PM
    • BMW (OTCPK:BAMXY) unit sales +7.4% to 32,220.
    • Sales growth by brand: BMW +9.8% to 26,409; Mini -2.3% to 5,811.
    • YTD BMW sales +5.4% to 213,754.
    | Comment!
  • Jul. 28, 2014, 10:45 AM
    • BMW (OTCPK:BAMXY) says it will announce later today a deal with NRG Energy to let i3 owners to recharge their vehicles for free at NRG stations in California through 2015.
    • The automaker will also partner with Robert Bosch to develop a charging station which can be sold to dealers and businesses for under $7K.
    | Comment!
  • Jul. 18, 2014, 2:43 PM
    • Buried inside an economic report from the Richmond Federal Reserve this week is an interesting tidbit on the auto industry.
    • As part of its scan of the economic horizon for the Beige Book, the bank noted the massive wave of automobile industry recalls has only had a "slight adverse" impact on sales. Customer traffic was still up and new car sales strong on solid pricing.
    • The read from Richmond is consistent with recent U.S. sales reports from major automakers, although with a slight disconnect existing between a "sale" and a "delivery" in the industry the confirmation is noteworthy.
    • Chaos theory: Some industry analysts think recalls can actually spur sales as safety is teed up as a consumer issue and older cars replaced.
    • Related auto stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, TTM, TSLA, AN, KMX, SONC.
    | 18 Comments
  • Jul. 16, 2014, 3:08 PM
    • BMW (OTCPK:BAMXY) plans to build three new models in China.
    • As part of an investment in the region, the company will expand capacity at two plants in the nation.
    • BMW's 1H China sales were up 23% to 225K.
    | Comment!
  • Jul. 16, 2014, 9:47 AM
    • BMW (OTCPK:BAMXY) announces a global recall of 1.6M vehicles tied to the same Takata airbag issue which has hit Japanese automakers.
    • The recall svyion covers 3-Series vehicles manufactured between May 1999 and August 2006.
    | Comment!
  • Jul. 15, 2014, 7:27 AM
    • BMW (OTCMKTS:BAMXY) says it will consider sharing battery technology with other companies if it would help drive down the cost of batteries for electric vehicles.
    • "If Mercedes called us, we would be happy to find a way with Samsung SDI to supply them with battery cells," says BMW exec Klaus Draeger.
    • Tesla Motors has already gone public with its support of open source technology within the EV industry.
    | 1 Comment
  • Jul. 10, 2014, 11:09 AM
    • China decides to waive a 10% tax on new electric car purchases as part of its support for the industry.
    • The tax waiver will run until the end of 2017 and could help EV sellers in the region such as Tesla Motors (TSLA -1.3%), Volkswagen (VLKAY), and BMW (BAMXY).
    • Shares of Chinese EV automaker BYD Company rose in Hong Kong trading off the development.
    | 7 Comments
  • Jul. 7, 2014, 8:56 AM
    • Retail automobile sales in China rose 14% to 1.47M units in June, according to fresh data from the Passenger Car Association.
    • Sales for the first six months of the year are up 11% to 9.09M.
    • Major automakers such as General Motors (GM), Volkswagen (VLKAY), and BMW (BAMXY) have been increasing their presence in smaller cities in China this year.
    | 14 Comments
  • Jul. 4, 2014, 2:30 AM
    • Confirming earlier reports, BMW (BAMXY) will open a new $1B assembly plant in Mexico, which will produce 150k cars a year. The facility will employ an initial workforce of 1,500, and begin assembling vehicles in 2019.
    • Many automakers are shifting manufacturing facilities to Mexico, to take advantage of the country's growing industrial base and tariff-free access to the U.S. market.
    | Comment!
  • Jul. 1, 2014, 1:50 PM
    • BMW (BAMXY) unit sales +5.7% to 35,577.
    • Sales growth by brand: BMW +11.5% to 30,201; Mini -18.2% to 5,376.
    • Sales for the BMW 5 Series rose 77% to 7,940.
    | Comment!
  • Jul. 1, 2014, 6:44 AM
    • BMW's (BAMXY) new assembly plant in Mexico will be able to produce 150k cars a year, Reuters reports. The company has still not publicly confirmed the new facility, but is expected to make the announcement on Thursday.
    • The new plant will rival Daimler and Nissan, which have announced their 50-50 joint venture in Mexico last week.
    | Comment!
  • Jun. 17, 2014, 8:08 AM
    • European car registrations rose 4.5% in May to 1.13M units to mark the 9th consecutive month of a year-over-year sales gain.
    • All the EU nations showed positive growth during the month with the exception of Italy which saw a 3.8% falloff.
    • Sales growth by automaker: Volkswagen (VLKAY) +9.6%, Peugeot (PEUGY) +4.3%, Fiat (FIATY) +5.6%, General Motors (GM) -6.8%, Renault (RNSDF) +18.8%, Daimler (DDAIF) +3.6%, Toyota (TM) +3.4%, Ford (F) -2.0%, BMW (BAMXY) -2.2%, Fiat (FIATY) -2.7%, Nissan (NSANY) +10.7%, Hyundai (HYMLF) -2.7%.
    | 10 Comments
  • Jun. 13, 2014, 11:41 AM
    • European Automobile Manufacturers’ Association President Carlos Ghosn calls on EU policy makers to allow the industry the flexibility to innovate.
    • The Renault CEO says the EU needs to be "technology-neutral" as well as remove non-tariff barriers and invoke regulatory cooperation.
    • European automakers (PEUGY, VLKAY, DDAIF, RNSDF, BAMXY) have argued in the past that strict EU regulations have kept them stuck in neutral.
    | Comment!
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