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Bayerische Motoren Werke AG (BMWG.DE)

BMWG.DE on Xetra

52.60EUR
29 May 2020
Change (% chg)

€-1.40 (-2.59%)
Prev Close
€54.00
Open
€52.74
Day's High
€53.50
Day's Low
€52.28
Volume
3,477,078
Avg. Vol
2,752,044
52-wk High
€77.06
52-wk Low
€36.59

Latest Key Developments (Source: Significant Developments)

BMW CEO Says No Plans For Takeovers Or Mergers
Thursday, 14 May 2020 

May 14 (Reuters) - Bayerische Motoren Werke AG ::BMW CEO SAYS ON POTENTIAL FURTHER INVESTORS FOR YOURNOW, THERE IS A LOT OF PROMISING INTEREST FROM VARIOUS SECTORS, WE CAN FIRM THAT UP IN TALKS.BMW CEO SAYS ON CONSOLIDATION, WE ARE IN A GOOD STARTING POSITION TO BE ABLE TO ACT INDEPENDENTLY AND ON OUR OWN STRENGTH, WE HAVE NO PLANS FOR TAKEOVERS OR MERGERS .  Full Article

BMW makes Q1 provisions for credit loss, residual value declines
Wednesday, 6 May 2020 

May 6 (Reuters) - Bayerische Motoren Werke AG ::CFO: BOOKED LOW THREE-DIGIT MILLION AMOUNT FOR CREDIT AND RESIDUAL VALUE RISKS IN Q1, EXPECT MORE IN Q2.CFO SAYS THERE WILL BE A DIVIDEND FROM CHINA JOINT VENTURE.  Full Article

BMW To Start Production In Stages At End Of April
Friday, 24 Apr 2020 

April 24 (Reuters) - BMW ::SPOKESMAN SAYS TO BEGIN PRODUCTION IN STAGES AT THE END OF APRIL 2020.BMW SPOKESMAN SAYS PRODUCTION AT PLANT IN GOODWOOD AND SPARTANBURG TO BEGIN IN STEPS FROM MAY 4.  Full Article

SGL Carbon Gets Contract For Battery Enclosure From BMW Group
Tuesday, 21 Apr 2020 

April 21 (Reuters) - SGL CARBON SE ::RECEIVES CONTRACT FOR BATTERY ENCLOSURE FROM BMW GROUP.MULTI-YEAR SUBSTANTIAL CONTRACT.  Full Article

BMW Group India Announces Demise Of President & CEO Rudratej Singh
Monday, 20 Apr 2020 

April 20 (Reuters) - BMW Group India::ANNOUNCES DEMISE OF RUDRATEJ SINGH, PRESIDENT AND CEO.ARLINDO TEIXEIRA, CFO, HAS BEEN APPOINTED AS PRESIDENT IN INTERIM.  Full Article

Kuka Wins Order From BMW For 5,000 Robots
Wednesday, 15 Apr 2020 

April 15 (Reuters) - KUKA AG ::WINS MAJOR ORDER FROM GERMAN CAR MANUFACTURER FOR 5,000 ROBOTS.AUGSBURG-BASED AUTOMATION SPECIALIST KUKA AND MUNICH-BASED AUTOMOTIVE COMPANY BMW AG HAVE SIGNED A FRAMEWORK AGREEMENT.  Full Article

BMW Expects Further Decline in Demand Due To Coronavirus
Monday, 6 Apr 2020 

April 6 (Reuters) - Bayerische Motoren Werke AG ::SPOKESMAN SAYS BMW GROUP EXPECTS FURTHER DECLINE IN DEMAND IN AUTO MARKETS AROUND THE WORLD DUE TO CORONAVIRUS.SPOKESMAN SAYS COMPANY IS PLANNING AHEAD AND ADJUSTING PRODUCTION EARLY TO TACKLE MARKET SITUATION.SPOKESMAN SAYS FUNDAMENTAL DEMAND IS THERE BUT CLOSURE OF RETAIL OUTLETS MEANS CUSTOMERS AREN'T ORDERING AND RECEIVING CARS SO IT WILL TAKE LONGER FOR MARKETS TO RECOVER.SPOKESMAN SAYS WE HAVE DECIDED TO EXTEND PRODUCTION STOPPAGE BY TWO WEEKS UNTIL APRIL 30.SPOKESMAN SAYS WE ARE USING STOPPAGE TO MODIFY OUR FACTORIES, SEVERAL THOUSAND EMPLOYEES ARE BUSY WITH THAT.  Full Article

German Car Production Down 37% In March - VDA
Friday, 3 Apr 2020 

April 3 (Reuters) - German Association of the Automotive Industry (VDA)::MARCH NEW CAR REGISTRATIONS DOWN 38% Y/Y TO 215,100 VEHICLES.DECREASE IN NEW CAR REGISTRATIONS IS LARGEST SINCE GERMAN REUNIFICATION.GERMAN CARMAKERS PRODUCED 287,900 VEHICLES IN MARCH, DOWN 37% Y/Y.  Full Article

BMW Of North America Says U.S. Sales In Q1 Of 2020 Were Adversely Affected By Ongoing Global COVID-19 Pandemic
Thursday, 2 Apr 2020 

April 1 (Reuters) - Bayerische Motoren Werke AG ::BMW OF NORTH AMERICA - SALES PERIOD ENDING MARCH 31, 2020 BMW BRAND SALES TOTALED 59,455 VEHICLES, A DECREASE OF 15.3%.BMW OF NORTH AMERICA - U.S. SALES IN Q1 OF 2020 WERE ADVERSELY AFFECTED BY ONGOING GLOBAL COVID-19 PANDEMIC.  Full Article

S&P Says COVID-19 Leads To Downgrades Of BMW And Daimler; Outlook On VW Now Negative
Friday, 27 Mar 2020 

March 26 (Reuters) - S&P Global Ratings::COVID-19 LEADS TO DOWNGRADES OF BMW AND DAIMLER; OUTLOOK ON VW NOW NEGATIVE.LOWERING LONG-TERM RATINGS ON BMW; DAIMLER BY ONE NOTCH, WHILE REVISING OUTLOOK ON VW TO NEGATIVE.NEGATIVE OUTLOOKS INDICATE RISKS LINKED TO DURATION OF COVID-19 PANDEMIC & ITS IMPACT ON GLOBAL AUTO INDUSTRY & ON 3 AUTOMAKERS IN PARTICULAR.EXPECT VOLKSWAGEN, BMW, DAIMLER TO SEE STEEP DECLINE IN REVENUE, CASH FLOW THIS YEAR ON WEAK DEMAND DUE TO COVID-19 PANDEMIC.  Full Article

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Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

HONG KONG/FRANKFURT Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.