Competition in the premium auto marketplace is more intense than ever, and BMW's committed to make sure their 3-Series remains on top. The best-selling model will undergo a facelift for the 2009 model year amidst various updates to bring its styling and equipment offerings to new levels.
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BMW will cut its European Mini dealer network this year as it creates a separate distribution network for the small-car brand. The number of Mini dealers in Europe will drop to about 650 by year-end from 750 in 2007.
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As BMW dealers prepare for their year-end sales event, they are getting more factory money to advertise new and certified-used vehicles.
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Sales of BMW Group have fallen 8.3% in October over the same month last year, leading the German automaker to say it no longer expects to exceed last year's full year sales tally in 2008.
BMW, the world's largest premium carmaker, and archrival Mercedes-Benz Cars of Daimler posted sharp unit sales declines in October due to continued weakness in U.S. and western European markets.
Sales at BMW, the world's largest premium carmaker, fell 8.3 percent in October to 113,005 vehicles, as weakness in the U.S. and western Europe outweighed growth in emerging markets.
BMW's Mini unit is adding an extra two weeks to its annual two-week UK factory Christmas shutdown, taking about 9,000 cars out of the schedule.
Take a relatively unknown man. Younger than all of his opponents. Black. With a bad-sounding name. Consider his first opponent: the best-known woman in America.
BMW Management Chairman Dr. Norbert Reithofer recently made a statement about the international financial crisis and how it relates to BMW group's operations. "The international financial crisis has gained further momentum in the third quarter, and has now hit the real economy with full force" he said- before stressing that BMW is prepared to meet economic challenges and that they remain a strong performer with a solid foundation that will help to 'weather the storm'.
BMW Management Chairman Dr. Norbert Reithofer recently made a statement about the international financial crisis and how it relates to BMW group's operations. "The international financial crisis has gained further momentum in the third quarter, and has now hit the real economy with full force" he said- before stressing that BMW is prepared to meet economic challenges and that they remain a strong performer with a solid foundation that will help to 'weather the storm'.
Germany's wealthiest woman, and one of its most discreet, has gone public with a tale of how a lover filmed their hotel trysts and demanded millions of euros not to reveal them.
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BMW CEO Norbert Reithofer said Tuesday that the company has decided not to produce a series version of the Concept CS. BMW announced its third quarter results today.
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In what it described as a "significantly deteriorated" market climate, the BMW group on Tuesday said it was no longer possible to forecast full year results for 2008.
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BMW warned on Tuesday it could no longer give an earnings outlook for 2008 beyond expecting a profit after quarterly results at the world's largest premium carmaker fell far short of expectations.
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New Formula BMW Americas series' champion Alexander Rossi (Eurointernational) took his second win of the weekend, and a record tenth victory of the season in Round 17.
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BMW has shut down production lines at its plants in Munich, Regensburg and Dingolfing for five days this week.
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