Bayerische Motoren Werke AG (BMWG.DE)
|Market Cap (Mil.):||€57,271.20|
|Shares Outstanding (Mil.):||656.26|
BEIJING - An anti-trust probe into global auto makers is being cheered on by car dealers in China, who say that companies such as Audi and Mercedes-Benz have been exploiting their dominance to boost profits in ways that would not be tolerated in Western markets.
* BMW YTD sales lead over Audi shrinks 40 pct to 12,397 cars
SHANGHAI, Aug 8 - BMW joined its German rivals Audi and Mercedes-Benz in cutting prices of auto spare parts in China, where the government has complained about overcharging and launched probes to expose what it describes as anti-competitive behaviour.
* BMW Q2 automotive EBIT margin at 11.7 pct (Adds CEO comments on cost cuts, China, pricing in Europe)
FRANKFURT - New models and strong sales in China helped BMW AG to beat second-quarter profit forecasts and keep it on track to remain the world's biggest luxury carmaker under the challenge of its German rivals.
* Vivendi rallies after Telefonica's bid for Brazilian unit
LONDON, Aug 5 - European shares traded a touch higher early on Tuesday as strong results from German car maker BMW and other blue-chip stocks supported an otherwise subdued market.
(Recasts, adds futures) LONDON, Aug 5 - European shares were seen opening a touch higher on Tuesday, with strong results from German car maker BMW and other blue-chip stocks seen supporting an otherwise subdued market. At 0617 GMT, futures for the Euro STOXX 50, Britain's FTSE 100 , Germany's DAX and France's CAC were up between 0.1 percent and 0.3 percent. Shares in BMW were seen opening 2.7 percent higher, according to a German broker, after the luxury car maker reported
DETROIT - German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front air bags made by Takata Corp because the inflators could break apart during deployment and injure passengers.
DETROIT, July 16 - German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front air bags made by Takata Corp because the inflators could break apart during deployment and injure passengers.