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Michael Dalder - 1 Managem - 1 Christina Amann - 1 Vera Eckert - 1 Hugh Lawson - 1 Victoria Waldersee - 1 Matthias Williams - 1
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BMW - 2 Bayerische Motoren - 2 Thomson - 2 REUTERS - 1 FRANKFURT - 1 Managem - 1 Daily - 1 Sueddeutsche Zeitung - 1

Search resuls for: "Bayerische Motoren"


11 mentions found


☆ BMW says it is looking into Morocco labour, environment issues after newspaper report
  + stars: | 2023-11-12 | by ( ) www.reuters.com   time to read: +2 min
The headquarters of German luxury carmaker BMW is seen in Munich, Germany, August 5, 2020. BMW has contacted local supplier Managem with a range of queries and requested additional information, a spokesperson for the company told Reuters. By far the largest proportion of the world's cobalt deposits are located in the Congo, where child labour still occurs, particularly in small mines. BMW no longer sources cobalt from Congo, said the BMW spokesperson. Reporting by Christina Amann, writing by Vera Eckert, Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Dalder, Managem, Christina Amann, Vera Eckert, Hugh Lawson Organizations: BMW, REUTERS, Bayerische Motoren, FRANKFURT, Reuters, Managem, Daily, Sueddeutsche Zeitung, NDR, WDR, Thomson Locations: Munich, Germany, Moroccan, Morocco, Congo, Australia
☆ BMW lifts sales, earnings outlook on cars amid strong order bank
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: 1 min
Companies Bayerische Motoren Werke AG FollowBERLIN, Aug 1 (Reuters) - BMW (BMWG.DE) has lifted its annual outlook for its margin on earnings before interest and taxes in the automotive segment to between 9-10.5% from 8-10% previously, and expects solid growth to its deliveries, the carmaker said on Tuesday. BMW had previously forecast just a slight growth in deliveries but adjusted this expectation upwards on the basis of a strong order bank and expected improvement in the availability of its premium vehicles, it said. Reporting by Victoria Waldersee; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Victoria Waldersee, Matthias Williams Organizations: Bayerische Motoren, BERLIN, BMW, Thomson
☆ BMW cars segment sees earnings boost on higher pricing, EV sales
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. Inflation and interest rates in key markets are high. The carmaker continues to expect slight growth in Europe, robust sales in the United States, and a stabilising economy in China. BMW's financing and leasing business suffered in line with that of other carmakers like Porsche under persistently high interest rates and price Increases, with the volume of new business dropping 14% and earnings down 6.2%. Reporting by Victoria Waldersee; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.
☆ BMW sales fall slightly in Q1
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: 1 min
Companies Bayerische Motoren Werke AG FollowApril 11 (Reuters) - BMW (BMWG.DE) delivered 588,138 vehicles in the first quarter of this year, down 1.5% on the previous year, the German carmaker said on Tuesday. Electric vehicle sales rose 83.2% year-on-year to 64,647, it added. "The BMW Group is on track for slight sales growth in the full year 2023," said Pieter Nota, management board member for customer, brands and sales. "The main growth drivers in 2023 will be fully-electric vehicles and models from the high-end premium segment," he added. Reporting by Andrey Sychev, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.
☆ Stellantis, BMW in Talks With Panasonic Over New EV Battery Plants
  + stars: | 2023-04-04 | by ( River Davis | Ryan Felton | William Boston | ) www.wsj.com   time to read: 1 min
Stellantis NV and Bayerische Motoren Werke AG are talking to Panasonic Holdings Corp. about teaming up to build electric-vehicle battery plants in North America, people familiar with the talks said. Panasonic specializes in cylindrical batteries, which resemble an oversize version of the AA batteries commonly used in consumer devices. Over the past decade, Japan-based Panasonic has churned out billions of cylindrical cells for its main car-making customer, Tesla Inc.
☆ BMW and Volkswagen Are Spending Whatever It Takes to Rival Tesla
  + stars: | 2023-03-16 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
BMW wants 15% of the total number of vehicles it sells this year to be all-electric, compared with 9% last year. Making electric-vehicle investments pay off is a challenge for all auto makers, but it is easier if you can charge luxury prices. Bayerische Motoren Werke, better known as BMW , closed the financial reporting season for the German car industry Wednesday with a glitzy annual conference for press and investors. It had already disclosed a record profit for last year, but its outlook was new, including a target for 15% of its sales volumes to be from all-electric vehicles this year, up from about 9% in 2022.
☆ BMW and Volkswagen Are Spending Whatever it Takes To Rival Tesla
  + stars: | 2023-03-15 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
BMW wants 15% of the total number of vehicles it sells this year to be all-electric, compared with 9% last year. Making electric-vehicle investments pay off is a challenge for all auto makers, but it is easier if you can charge luxury prices. Bayerische Motoren Werke, better known as BMW , closed the financial reporting season for the German car industry Wednesday with a glitzy annual conference for press and investors. It had already disclosed a record profit for last year, but its outlook was new, including a target for 15% of its sales volumes to be from all-electric vehicles this year, up from about 9% in 2022.
☆ BMW promises stable prices, raises margin forecast for 2023
  + stars: | 2023-03-15 | by ( ) www.reuters.com   time to read: +2 min
The transition to battery-electric vehicles (BEVs) was moving faster than planned and it expected to reach its target of over 50% battery-electric vehicle share well ahead of its 2030 target, the company said. It forecast that the speed of growth in BEV sales, which doubled to more than 215,000 in 2022, to slow slightly this year to a high double-digit percentage. But by 2025, one in four new sales should be battery-electric, rising to one in three by 2026, according to Wednesday's forecast - a big leap from the one in 11 ratio seen last year. Almost half of cash flow came from a cash contribution from Chinese joint venture BMW Brilliance Automotive. BMW proposed a dividend to shareholders of 8.50 euros, up from 5.80 a year earlier.
☆ BMW meets 2022 pretax earnings target -Focus magazine citing CFO
  + stars: | 2023-02-12 | by ( ) www.reuters.com   time to read: +1 min
Companies Bayerische Motoren Werke AG FollowBERLIN, Feb 12 (Reuters) - BMW (BMWG.DE) met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing the German carmaker's chief financial officer. Otherwise we wouldn't be sitting here so relaxed," CFO Nicolas Peter was quoted as saying by Focus Money magazine. The carmaker, which is due to publish its full-year results in mid-March, was not immediately available to confirm the report. "France and Spain are doing better," he told Focus Money. Reporting by Riham Alkousaa; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
☆ EU Delays Labeling Lithium Toxic as Concerns From EV Industry Mount
  + stars: | 2022-12-12 | by ( Yusuf Khan | ) www.wsj.com   time to read: +4 min
Last week, the European Commission was set to give a final ruling on whether lithium, a crucial battery input, should be classified as a toxic substance. Europe’s nascent battery companies are warning that investors may be drawn away from the continent to the U.S. where the IRA has created strong incentives to establish supply chains in the country. So far, within the European battery industry, Sweden’s Northvolt AB has been one of the few victories for the EU. She said the EU should “simplify and adapt” its rules that limit state funding to make it easier for public investments. For those looking to establish European battery production, the EU’s position on electric vehicles remains confusing.
☆ BMW CEO warns against electric-only strategy
  + stars: | 2022-04-14 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +2 min
[1/2] BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022. He has long advocated against all-out bans on combustion engine car sales in the face of rising pressure from regulators on the auto industry to curb its carbon emissions and environmental impact. Offering more fuel-efficient combustion engine cars was key both from a profit perspective and an environmental perspective, Zipse argued, pointing to gaps in charging infrastructure and the high price of electric vehicles. "How much energy you need and use, and circularity, is important - for environmental reasons but even more for economic reasons." Reporting by Doyinsola Oladipo; Writing by Victoria Waldersee; Editing by Christoph Steitz and Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.
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