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BMW Says New i4 Electric Model Will Be Prioritised In Chip Allocation
BMW To Source Steel Produced With Green Power And Hydrogen From Northern Sweden
BMW i Ventures Invests In Battery Startup Our Next Energy
Bayerische Motoren Werke AG is a Germany-based automobile and motorcycle manufacturer. The Company divides its activities into four segments: Automotive, Motorcycles, Financial Services and Other Entities. The Automotive segment develops, manufactures, assembles and sells cars and off-road vehicles under the brands BMW, MINI and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment develops, manufactures, assembles and sells motorcycles, as well as spare parts and accessories. The Financial Services segment focuses on car leasing, multi-brand financing, fleet business, retail customer and dealer financing, customer deposit business and insurance activities. The Other Entities segment comprises other operating companies, such as BMW (UK) Investments Ltd, Bavaria Lloyd Reisebuero GmbH.
Auto & Truck Manufacturers
Independent Chairman of the Supervisory Board
Chairman of the Management Board
Independent Deputy Chairman of the Supervisory Board
Stefan Norbert Quandt
Independent Deputy Chairman of the Supervisory Board
Independent Deputy Chairman of the Supervisory Board, Employee Representative
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Germany's BMW will be ready for any ban on internal combustion engine (ICE) cars from 2030 onwards with an offering of electric vehicles, Chief Executive Officer Oliver Zipse said on Tuesday.
BMW said on Wednesday it will invest in lithium technology startup Lilac Solutions Inc to support more-efficient ways to produce the electric vehicle battery metal.
BMW AG lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%, the company said in an ad hoc statement on Thursday, as higher prices for new and used vehicles outweigh the effect of supply-chain issues.
BMW plans to reduce carbon emissions across the life cycle of its vehicles - including the production process - at least 40% from 2019 levels by 2030, the carmaker said on Thursday, up from a previous target of a third.
* Sales up 45%, led by U.S., Europe (Adds company commentary on electrification, EU charging infrastructure, analyst comment)
* Sets precedent by applying antitrust law to technical talks
BMW said on Thursday it had agreed to a settlement proposed by the European Commission to end an antitrust investigation, saying it had been cleared of suspicion of using illegal 'defeat devices' to cheat emissions tests.
Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the companies said...
BMW said on Thursday that it was back on a profitable track in 2021 after recovering from shutdowns and a serious dent to sales due to the COVID-19 pandemic in the first half of last year.
BMW's free cash flow last year was better than market expecations at about 3.4 billion euros ($4.12 billion) in its core automotive division, the German carmaker said on Wednesday, citing recoveries in many markets and good cost management.
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc .
* Fire at a chip plant in Oct also hit supplies in Japan (Adds FCA hit by shortage, GM, BMW unaffected, background on chip companies)
BMW has developed a data hub with Amazon's cloud computing division, in a sign of how companies are increasingly using "big data" to try to boost efficiency.
In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of provincially owned automaker Huachen Group.
BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift toward low-emission cars.
China's Huachen Automotive Group said Monday that its creditors had applied to a Chinese court to restructure the company.
BMW AG Chief Executive Oliver Zipse said Wednesday he is weighing options for the company's mobility services joint venture with Daimler AG, including bringing in new partners or possibly a partial sale.
German luxury automaker BMW AG unveiled on Wednesday an electric sport utility vehicle (SUV) called the BMW iX, planned to go on sale in the United States in early 2022 to compete with Tesla Inc and other rivals.
Germany luxury automaker BMW AG on Wednesday unveiled an electric sport utility vehicle called the BMW iX, planned to go on sale in early 2022 to compete with Tesla Inc and other rivals.
* BMW abandons 'balanced' global sales strategy (Adds comments by CEO about company's greater dependency on China as U.S. sales drop, updates share price)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.