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Bayerische Motoren Werke AG (BMWG.DE)

BMWG.DE on Xetra

58.06EUR
28 Oct 2020
Change (% chg)

€-3.41 (-5.55%)
Prev Close
€61.47
Open
€59.73
Day's High
€59.96
Day's Low
€57.25
Volume
3,729,376
Avg. Vol
1,532,516
52-wk High
€77.06
52-wk Low
€36.59

Latest Key Developments (Source: Significant Developments)

German Economy Ministry Says To Support Financing Of Battery Cell Factory In Sweden With State Guarantees Of $525 Mln
Monday, 17 Aug 2020 

Aug 17 (Reuters) - German economy ministry::GERMAN ECONOMY MINISTRY SAYS TO SUPPORT FINANCING OF BATTERY CELL FACTORY IN SWEDEN WITH STATE GUARANTEE OF $525 MILLION.GERMAN ECONOMY MINISTRY SAYS VOLKSWAGEN, BMW INVOLVED IN SWEDISH BATTERY CELL PROJECT.  Full Article

BMW Interrupts Production At Munich Plant For New BMW I4 Remodelling
Wednesday, 22 Jul 2020 

July 22 (Reuters) - Bayerische Motoren Werke AG ::BMW GROUP PLANT MUNICH GEARS UP FOR FULLY-ELECTRIC FUTURE.REMODELLING FOR NEW BMW I4 REQUIRES PRODUCTION INTERRUPTION FROM 24 JULY TO 4 SEPTEMBER.NO CARS WILL BE PRODUCED BETWEEN THE END OF THE LATE SHIFT ON 23 JULY AND THE START OF THE EARLY SHIFT ON 7 SEPTEMBER.CERTAIN AREAS OF THE MUNICH PLANT, SUCH AS ENGINE PRODUCTION, WILL CONTINUE TO OPERATE AT FULL SCALE TO SECURE SUPPLIES FOR THE GLOBAL PRODUCTION NETWORK.  Full Article

BMW Long-Term Supply Contract With Northvolt Concluded
Thursday, 16 Jul 2020 

July 16 (Reuters) - BAYERISCHE MOTOREN WERKE AG ::LONG-TERM SUPPLY CONTRACT WITH NORTHVOLT FOR BATTERY CELLS FROM EUROPE CONCLUDED.THE BATTERY CELLS WILL BE PRODUCED IN EUROPE AT THE NORTHVOLT GIGAFACTORY CURRENTLY UNDER CONSTRUCTION IN SKELLEFTEÅ IN NORTHERN SWEDEN (SERIES PLANT NORTHVOLT ETT) FROM 2024.ORDER VOLUME OF 2 BILLION EUROS FROM 2024.  Full Article

BMW Sources Sustainable Cobalt Worth Around 100 Mln Euros From Morocco
Thursday, 9 Jul 2020 

July 9 (Reuters) - Bayerische Motoren Werke AG ::RAW MATERIAL SUPPLIES FOR BATTERY CELLS: BMW GROUP SOURCES SUSTAINABLE COBALT WORTH AROUND 100 MILLION EUROS FROM MOROCCO.SUPPLY CONTRACT SIGNED WITH MANAGEM GROUP (CONTRACT PERIOD: 2020 – 2025).  Full Article

BMW Opens Competence Centre For E-Drive Production
Thursday, 2 Jul 2020 

July 2 (Reuters) - BAYERISCHE MOTOREN WERKE AG ::OPENED COMPETENCE CENTRE FOR E-DRIVE PRODUCTION.COMPETENCE CENTRE WILL EMPLOY UP TO 2,000 STAFF IN MEDIUM TERM.INVESTMENT OF MORE THAN 500 MILLION EUROS BY 2022.BY 2022, IN DINGOLFING ALONE, WE WILL BE ABLE TO PRODUCE E-DRIVES FOR MORE THAN HALF A MILLION ELECTRIFIED VEHICLES PER YEAR.SUPPLY CONTRACTS ALSO GUARANTEE SUPPLY SECURITY UP TO 2025 AND BEYOND.HAS RESTRUCTURED ITS SUPPLY CHAINS AND WILL SOURCE COBALT AND LITHIUM FOR BATTERY CELLS DIRECTLY FROM 2020.  Full Article

BMW Of North America Says Sales For Period Ending June 30, BMW Brand Sales Totaled 50,957 Vehicles, Decrease Of 39.3%
Thursday, 2 Jul 2020 

July 1 (Reuters) - BMW Of North America: :BMW OF NORTH AMERICA - FOR SALES PERIOD ENDING JUNE 30, BMW BRAND SALES TOTALED 50,957 VEHICLES, DECREASE OF 39.3%.  Full Article

BMW Group Sees Significant Decrease In Profit Before Tax In 2020, Slight Decrease In Workforce
Friday, 19 Jun 2020 

June 19 (Reuters) - :BMW SAYS IN INVESTOR PRESENTATION ON BMW GROUP'S OUTLOOK FOR 2020, IT SEES SIGNIFICANT DECREASE IN PROFIT BEFORE TAX, SLIGHT DECREASE IN WORKFORCE AT YEAR-END.  Full Article

BMW, Works Council Agree On Job Cuts, Capacity Reduction
Friday, 19 Jun 2020 

June 19 (Reuters) - Bayerische Motoren Werke AG ::AGREED TO A PACKAGE OF PERSONNEL MEASURES THAT BALANCES THE FUTURE COMPETITIVENESS OF THE COMPANY WITH THE INTERESTS OF THE WORKFORCE.FURTHER STEPS ARE NEEDED TO MAKE THE BMW GROUP MORE RESILIENT TO EXTERNAL INFLUENCES AND MARKET FLUCTUATIONS.OBJECTIVE IS FOR THE COMPANY TO ACHIEVE PLANNED WORKFORCE REDUCTIONS THROUGH ATTRITION AND VOLUNTARY AGREEMENTS.PACKAGE MAINLY AFFECTS GERMANY.CAPACITY WILL BE ADJUSTED BY REDUCING EMPLOYMENT CONTRACTS WITH EXTENDED WEEKLY WORKING HOURS FOR EXEMPT EMPLOYEES – SO-CALLED 40-HOUR CONTRACTS – TO 38 HOURS.OPTION TO GIVE EMPLOYEES GREATER FLEXIBILTY WS ALSO AGREED.COMPANY WILL TAKE ADVANTAGE OF ATTRITION TO REDUCE THE WORKFORCE.SEVERANCE PACKAGES WILL ALLOW EMPLOYEES CLOSE TO RETIREMENT AGE TO RETIRE EARLY.BY THE END OF THE YEAR, TOTAL EMPLOYEE NUMBERS SHOULD THEREFORE BE SLIGHTLY LOWER THAN IN 2019.PERSONNEL MEASURES ARE EMBEDDED WITHIN THE COMPANY’S OVERALL EFFICIENCY MEASURES.  Full Article

Deutsche Bank’s DWS Backs BASF’s Chairman-Designate Kurt Bock
Tuesday, 16 Jun 2020 

June 16 (Reuters) - DWS ::WE APPRECIATE EXPERTISE, EXPERIENCE OF FORMER CEO KURT BOCK.IN COMPLIANCE WITH THE TWO-YEAR WAITING PERIOD, BOCK'S RETURN TO BASF AND ITS SUPERVISORY BOARD IS POSSIBLE.WE SUPPORT BOCK'S ELECTION.BUT WE HAVE FURTHER QUESTIONS REGARDING BOCK'S ADDITIONAL MANDATES AT BMW, FUCHS PETROLUB.  Full Article

New German Car Registrations Down By About 50% Y/Y In May - Source
Wednesday, 3 Jun 2020 

June 3 (Reuters) - Industry source::NEW GERMAN CAR REGISTRATIONS DOWN BY AROUND 50% IN MAY TO AROUND 170,000 CARS.BETWEEN JANUARY AND MAY NEW REGISTRATIONS DOWN 35% TO AROUND 990,000 CARS.  Full Article

Golf-England's Hatton shares lead at Wentworth

Oct 8 England's Tyrrell Hatton, South Africa's Justin Harding and Spain's Adri Arnaus carded first rounds of six-under-par 66 to share the lead in the BMW PGA Championship on Thursday.