BMW has reported 2008 financial results substantially dented by the economic crisis that intensified in the final quarter.
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BMW AG, the world's largest premium carmaker, said today its earnings plunged in the fourth quarter, making its 2008 results miss market expectations and sending its shares down nearly 12 percent.
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BMW AG, the world's largest premium carmaker, said today its earnings plunged in the fourth quarter, making its 2008 results miss market expectations and sending its shares down nearly 12 percent.
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Audi is the last member of the "Other Big Three" to jump on the premium compact SUV bandwagon. As one of the segment pioneers, BMW is already firmly established with the X3, while Mercedes-Benz is counterattacking since January with the new GLK-Class. Outside of the German hotbed, the competition includes the Land Rover LR2, Lexus RX, Acura RDX, Infiniti EX and upcoming Volvo XC60.
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Dow Automotive says it has introduced a new bonding system for the roof of the new BMW 7 Series.
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BMW Group has reported recession-hit February sales of 80,453 vehicles - a 24.4% decline on last year. Some 150,838 units were delivered to customers in the first two months of the year, 24.3% down on last year.
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Daimler and BMW are considering a share swap to boost cooperation according to a report in business magazine Der Spiegel.
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The 79th Geneva Motor Show has opened its doors to the media preview days. Concept car highlights include the Nissan Qazana, Infiniti Essence, Ford Iosis Max, Dacia Duster, Frazer-Nash Namir by Giugiaro, BMW 5 Series GT, Rolls-Royce 200EX and Aston Martin Lagonda. Production debuts include the new Volkswagen Polo, Mercedes-Benz E-Class coupe, Peugeot 3008 and Toyota Verso.
We will have ongoing reports of the most significant debuts in our show Highlights, with in-depth Design Reviews and an extensive Photo Gallery of our own images coming soon. Until then, be sure to check out our Photo Galleries section for all the press images of the new cars on show...
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A former Swiss investment banker was jailed for six years today after admitting in court that he seduced and blackmailed Susanne Klatten, heiress to the BMW car empire.
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A former Swiss investment banker was jailed for six years today after admitting in court that he seduced and blackmailed Susanne Klatten, heiress to the BMW car empire.
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A former Swiss investment banker admitted in court today that he seduced and blackmailed Susanne Klatten, heiress to the BMW car empire, with secret films of their hotel trysts.
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BMW saw global sales in February decline 24.4 percent to 80,453 vehicles, in line with the forecast of CEO Norbert Reithofer given last week at the Geneva auto show.
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BMW saw global sales in February decline 24.4 percent to 80,453 vehicles, in line with the forecast of CEO Norbert Reithofer given last week at the Geneva auto show.
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Daimler and BMW plan a share swap to boost cooperation between the two automakers, the German magazine Der Spiegel said today.
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German driver Nick Heidfeld set the fastest time of the day at the wheel of his BMW-Sauber F1.09 in Barcelona, Spain on Day 1 of the final test session prior to the start of the season.
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German driver Nick Heidfeld set the fastest time of the day at the wheel of his BMW-Sauber F1.09 in Barcelona, Spain on Day 1 of the final test session prior to the start of the season.
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Daimler and BMW plan a share swap to boost cooperation between the two automakers, the German magazine Der Spiegel said today.
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Daimler and BMW plan a share swap to boost cooperation between the two automakers, the German magazine Der Spiegel said today.
Full story...