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BMW CEO Discusses Q2 Results - Earnings Call TranscriptAug. 30, 2010
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Wednesday, Mar 57:49 AM
Wednesday, Mar 57:49 AM| Comment!
- BMW (BAMXY) will add 25 new cities to its DriveNow rental business as it looks to expand the car-sharing concept.
- The automaker says it's looking at 10 locations in the U.S. and another 15 in Europe.
- DriveNow lets users rent BMW Mini vehicles and 1-series compacts by the minute in a program that BMW thinks helps develop its brand with younger consumers.
Tuesday, Mar 41:53 PM
Tuesday, Mar 41:53 PM| 2 Comments
- The overall tone at the Geneva Motor Show is positive as sales patterns in Europe have stabilized and even shown some pockets of strength. Perhaps the biggest question is if the sales gains are organic or the results of heavy discounting? Autohaus PulsSchlag reports price cuts of at least 10% at most major manufacturers.
- European automakers are downplaying the impact on sales in Russia from the ongoing conflict in Ukraine. Russia is Europe's second largest automobile market and is expected to pass Germany within a few years.
- Jeep unveiled its all-new 2015 Renegade compact crossover SUV. The model is unique in that it will feature seven different engine choices tailored to different global markets.
- BMW announced plans to build over ten new smaller models on its latest platform. The Mini Clubman concept has created a stir with analysts.
- New models from Ferrari, Lamborghini, and Maserati show that the ultra-wealthy haven't been forgotten by automakers at the show. Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, MMTOF, PEUGF, RNSDF, TTM, SZKMY, FUJHY, RNSDF.
Tuesday, Mar 46:54 AM|Tuesday, Mar 46:54 AM| Comment!
Monday, Mar 312:58 PM
Tuesday, Feb 256:53 AM
Tuesday, Feb 256:53 AM| Comment!
- BMW (BAMXY) has a goal to double engine capacity in China as it looks to take advantage of strong demand for its vehicles.
- The automaker will make as many as 400K engines in tandem with its local joint venture partner at a new facility in China.
- Last year, Audi outsold BMW in the nation and showed a slightly higher rate of growth.
Saturday, Feb 1512:05 AM
Saturday, Feb 1512:05 AM| 83 Comments
- In one of the most closely watched union votes in the U.S. in decades, workers at the Volkswagen (VLKAY, VLKAF) plant in Chattanooga, Tenn., voted against joining the United Auto Workers union.
- A win would have marked the first time the UAW had been able to organize a foreign-owned auto plant in the U.S., as well as a turnaround in sentiment in the traditionally anti-union South.
- The UAW’s loss likely will hurt plans to organize other auto plants in the South; two other German-owned plants, Mercedes-Benz (DDAIF) in Alabama and BMW (BAMXY, BAMXF) in South Carolina, as well as a Nissan (NSANY, NSANF) plant in Mississippi, have been among its top targets.
- The UAW enjoyed some unusual help - the cooperation of Volkswagen management and the aid of Germany's IG Metall union - yet it still lost; "If the union can't win [in Chattanooga], it can't win anywhere."
Tuesday, Feb 43:06 PM
Tuesday, Feb 43:06 PM| 24 Comments
- IHS Automotive forecasts global electric vehicle production will increase 67% this year as a number of major automakers (DDAIF, BAMXY, TTM, HYMLF) enter the category (EV and plug-in hybrids) or try new markets.
- Europe will account for 40% of all EV production, followed by Asia at 30% and the U.S. with 27%, according to IHS.
- Three EV trends to watch: 1) Automakers (NSANY, TM, GM) needed a high level of incentives to spur electric car demand in the U.S. last year. Will 2014 be any different? 2) Demand in China for EVs could soar if the government keeps instituting mandates to lower pollution in major cities. 3) The war of words between Tesla (TSLA) and Toyota (TM) on electric batteries vs. hydrogen could intensify late in the year as the much-hyped Toyota FCV debut gets closer.
Monday, Feb 31:39 PM
Friday, Jan 313:13 PM
Wednesday, Jan 299:49 AM
Wednesday, Jan 299:49 AM| 1 Comment
- A top BMW (BAMXY) executive doesn't think building out a public charging infrastructure is a top priority from his company's perspective,
- Most buyers of the electric i3 will live in urban areas and drive short distances, reasons board member Herbert Diess.
- The EV strategy of Europe-focused BMW is different than that of Tesla Motors which has been busy building out its Supercharger network in the U.S.
- Previous: Tesla completes its own Cannonball Run
Friday, Jan 243:06 PM|Friday, Jan 243:06 PM| Comment!
Friday, Jan 1712:45 PM
Friday, Jan 1712:45 PM| Comment!
- German luxury automakers (VLKAY, DDAIF, BAMXY) are hitting price points at around $30K with new models in order to build brand loyalty. Execs with the companies think that by opening up the brand they will see demand benefits down the road.
- The pricing on the their low-end vehicles now overlaps popular entries from Chevrolet (GM), Toyota (TM -0.7%), and Honda (HMC -0.2%).
- The group used the same tactic in Europe to some success.
Thursday, Jan 163:08 PM
Thursday, Jan 163:08 PM| 6 Comments
- Kelley Blue Book sees U.S. auto sales of 16.3M units this year to rep a growth rate of 4.9%. One of the biggest risks to the industry is a bump in interest rates to a level where buyers are pushed away from purchasing new cars. Industry watchers think the luxury sector (VLKAY, BAMXY, DDAIF) could see the sharpest impact as consumer previously willing to stretch trade down.
- Ford's (F) increased use of aluminum in the widely popular F-150 line will be in focus. Analysts think could consumer reaction could go either way. Rival truck makers like Ram (FIATY) are set to pounce if the aluminum concerns show any validity.
- Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) are betting big on growth in the U.S. as tensions in China continue to crop up and clip sales from climbing to full potential .The group is seen as likely to use incentives and promotions in the U.S. to gain market share if sales momentum slows.
- Toyota vs Telsa: Top execs with the two automakers have dialed up the rhetoric on the use of hydrogen fuel cell cars despite being long-time partners. With the Toyota (TM) FCV and Tesla (TSLA +4.5%) Model X both slated for a 2015 launch, the remainder of this year could see the war of words escalate.
Friday, Jan 109:26 AM
Friday, Jan 109:26 AM| 11 Comments
- The intersection of technology and the automobile industry was on full display this week at the Consumer Electronics Show where a record number of automakers presented.
- Though the sneak peek at the new gadgetry and the evolution of on-board systems was quite impressive, there's a bit of backlash building on privacy issues.
- As more mobile devices connect to cars, and Google's Open Automototive Alliance and GM's OnStar system evolve, hyper-local marketing could take off. It's a gray area with few legal precedents, note privacy advocates.
- A Ford exec probably got a little too fired up at CES earlier this week with this comment: "We know everyone who breaks the law, we know when you're doing it. We have GPS in your car, so we know what you're doing."
- Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, TTM, FUJHY.
Thursday, Jan 99:27 AM
Monday, Jan 612:22 PM
Monday, Jan 612:22 PM| 1 Comment
- The rapid evolution of Internet-connected cars is expected to be a major theme at 2014 Consumer Electronics Show this year. Mercedes (DDAIF), Audi (VLKAY), Ford (F), BMW (BAMXY), and Chrysler (FIATY) will all showcase new services which enable consumers to link mobile devices to their cars.
- Priceline.com (PCLN +0.2%) has a new partnership with General Motors (GM +1.5%) that will see the company's hotel booking service become available within the new Chevrolet AppShop. Watch for a great deal of talk on how the automaker's OnStar system fits into the evolution of infotainment systems in the industry with heavyweight Google and others quite active in the field.
- Other highlights from automakers include a closer look at BMW's all-electric i3 and Ford's highly anticipated C-Max Solar Energi.
- Though demonstrations of self-driving cars will be a crowd pleaser, the nascent technology doesn't threaten to disrupt the market for a few more years at least. (Related: Google, you can drive my car).