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Bayerische Motoren Werke AG ADR (BAMXY)

- OTCPK - Current
  • 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.
    | 33 Comments
  • Nov. 28, 2014, 11:05 AM
    • Automobile stocks are higher as a group after oil prices slide.
    • General Motors (NYSE:GM) is up 2.3% and Toyota is 1.1% higher, while shares of Ford (NYSE:F) are just poking out a modest 0.1% gain.
    • There's some concerns that Ford's big bet on aluminum loses some of its relevance if gas prices shoot lower.
    • Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) are both beating broad market averages with +1% gains.
    • EV automaker Tesla Motors (NASDAQ:TSLA) is down 2.1% on the day.
    | 117 Comments
  • Sep. 19, 2012, 2:30 PM
    In the zero-sum game of auto sales, General Motors (GM +1.5%) and German automakers such as BMW (BAMXY.PK) and Volkswagen (VLKAY.PK) could benefit from the wave of anti-Japan protests across China, while Honda (HMC +1.9%), Toyota (TM +1.0%), and Nissan (NSANY.OB) suffer a loss of market share. The trio of Japanese automakers already reported attacks on dealerships and have cut production in the region.
    | 2 Comments
  • May 7, 2012, 8:38 AM
    General Motors (GM) increased sales in China 11.7% Y/Y in April, driven by strong results from microvan joint ventures with a pair of Chinese automakers. Cadillac sales showed disappointing results, falling 19.7% even as rivals BMW (BAMXY.PK) and Volkswagen's Audi (VLKAY.PK) saw healthy sales gains for their premium lines. Shares of GM -1.1% premarket.
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