Tag: BMW

BMW, VW To Face Lowered EU Fines Over Emissions Collusion – Source

May 26, 2021

BMW and Volkswagen are set to face reduced EU antitrust fines over clean air technology after regulators narrowed the scope of an investigation, a person familiar with the matter said. The case is different from Volkswagen’s diesel emissions cheating scandal, which has cost it more than 31  billion euros ($38 billion) in fines and settlements. … More BMW, VW To Face Lowered EU Fines Over Emissions Collusion – Source

BMW Expects To Hit High End Of Margin Goal Despite Rising Costs

May 8, 2021

BMW AG expects returns for its automotive business to be resilient this year even as surging commodity prices pose a risk to earnings. Profitability for its main cardmaking operations probably will come in at the upper end of the 6% to 8% range BMW had forecast for the year, the Munich – based company said … More BMW Expects To Hit High End Of Margin Goal Despite Rising Costs

BUSINESS | Luxury Vehicles, Recovering Auto Markets Boost BMW Profits

November 4, 2020

MILAN – – German automaker BMW said third-quarter net profit rose 17% to 1,81 billion euros as regional auto markets recovered and highly profitable luxury models such as the 8 Series coupe and X7 large sport-utility vehicle helped fatten the bottom line. The profit figure improved on the 1.55 billion euros recorded in the same … More BUSINESS | Luxury Vehicles, Recovering Auto Markets Boost BMW Profits

BUSINESS NEWS | BMW Cuts Margin Outlook For Cars Division, Citing Coronavirus Woes

May 5, 2020

FRANKFURT – BMW on Tuesday lowered the outlook for the profitability of its automotive and motorcycles division, citing worse-than-expected demand which has been hit by measures to contain the coronavirus. MBW said it expects the earnings before interest and taxes margin for the automotive segment to fall within a range between 0% and 3% this … More BUSINESS NEWS | BMW Cuts Margin Outlook For Cars Division, Citing Coronavirus Woes

BUSINESS | Four Automakers Bucked Trump Policy On Emissions. Now They Are Under Antitrust Investigation

September 7, 2019

New York, USA – The Justice Department has opened an antitrust investigation into four major automakers who have rejected the Trump administration’s relaxed air pollution and mileage regulations. The four automakers – Ford, Honda, Volkswagen and BMW – agreed in July to meet the tougher standards set by the California Air Resources Board rather than … More BUSINESS | Four Automakers Bucked Trump Policy On Emissions. Now They Are Under Antitrust Investigation

BUSINESS | BMW Unveils X6 In The World’s “Blackest Black”

September 4, 2019

JEDDAH, SAUDI ARABIA – Vantablack, the world’s “blackest black”, has had a controversial start to life, and now it’s coming to a special edition BMW X6. The one-off X6 with a Vantablack VBx2 finish will be unveiled at the Frankfurt Motor Show, where BMW will premiere the third-generation of the vehicle, according to a statement … More BUSINESS | BMW Unveils X6 In The World’s “Blackest Black”

BUSINESS | BMW and Daimler Team Up On Automated Driving

July 5, 2019

Bucharest, Romania – Some 1,200 developers at BMV and Daimler will team up to develop automated driving technology, the companies said on Thursday, the latest carmakers forced to pool their development resources at a time of shrinking margins. The strategic partnership will focus on developing technologies for assisted driving systems, automated driving on highways and … More BUSINESS | BMW and Daimler Team Up On Automated Driving