German carmaker BMW AG said Tuesday its net income fell 74 percent in the third quarter as it continued to be affected by the global economic downturn.
BMW, the world’s biggest luxury car company by sales, said net income for the period amounted to euro78 million ($115 million), down from euro298 million in the July-September period of 2008.
BMW’s share price slid 7.1 percent to euro31.20 in Frankfurt after the earnings announcement as net income came in well below the consensus estimate of around euro150 million.
The Munich-based company … CONTINUED
The hairdo experiment featuring a model illustrates 22 years of progress in BMW automobile development. Facilities such as the new Aerodynamic Test Centre enable engineers of the BMW Group to improve aerodynamics at an early stage of the development process so as to make a contribution to increasingly efficient vehicles.
BMW has released official BMW and Mini bluetooth headsets. The headsets may be combined with all mobile phones able to interact with Bluetooth and are scheduled to join the wide range of Original BMW Accessories and Original MINI Accessories as of December 2009.
File this one under BMW going green…
From 2010, BMWs Landshut plant will boast the worlds first foundry with emission-free sand core production. The light-alloy foundry at the BMW plant is introducing a new sand core production method for gravity die-casting, whereby conventional organic binders will be replaced by highly eco-friendly inorganic binders, which generate virtually no pollutant emissions. The introduction of this innovative production method will allow the light-alloy foundry to reduce its emissions of combustion residues by 98 per cent. The … CONTINUED
Laurenz Schaffer New President of the BMW Groups Subsidiary DesignworksUSA
Munich. Germany, California, Germany, and back to California again: Laurenz Schaffer, Director of the Munich Studio of BMW Group DesignworksUSA since the year 2000, will be taking over the position of the President of BMWs Subsidiary in Newbury Park (Los Angeles) in California on 1 December 2009.
"With his many years of experience in numerous areas of design, Laurenz Schaffer has made a significant contribution in recent years to strengthening … CONTINUED
As should be no surprise, BMW Research and development is always working on tackling the issues that are coming around the bend.
The Car of the Future…
Light. More specifically, interior lighting. So what? Well, some time ago, BMW had made a conscious effort to improve the interior lighting and give the car an actual ambiance while inside, in the same way a clubs lighting gives the place a certain feel. So far they have made … CONTINUED
Part 2 of the Jump for Joy marketing features some good ole fashion ribbing of Audi. Check it out after the jump.
The European Online Portal Autoscout24 awards their CAROLINA trophy every year. This year, the European-wide online voting lead to a triple success for BMW: The new Z4, the X6 and the Mini E got awarded with a CAROLINA trophy. Heres the press release:
Originally Posted by BMW
Triple success for the BMW Group in the 2009 … CONTINUED
For the first time this year, the BMW Group in the U.S. (BMW and MINI combined) reported an increase in sales compared to the same month last year.
On 9/8/1994, the first US made BMW rolled off the line at Spartanburg. 15 years to the day later, the 1.5 millionth car rolled off the line.
September 4, Berlin
BMW Museum was presented with the Gold Leaf award by the Leading European Architects Forum (LEAF). The award was given for the International Interior Design category.
So now, the BMW Museum adds this award to their bookshelf which already holds two Gold Lions at Cannes, two gold ADC Awards and one silver, the Grand Clio Award (one gold, one silver), the red dot design award, the iF product design award and the international architecture award. … CONTINUED
BMW Welt has become a growing attraction for BMW fans across the globe and BMW has expanded the related activities at the welt. They’ve also been kind enough to release this set of high resolution of desktop wallpapers for all the fans out there
This video shows off the future of BMW maintenance and service – augmented reality tutorials seen through digital goggles.
BMW may soon benefit from a U.S. concession allowing them to keep selling cars that emit more greenhouse gases than those made by mass-market rivals such as GM and Toyota.
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M Division chief Dr Kay Segler has given a recent interview where he explains that the BMW M division did seriously consider putting fourth a BMW M7 but had decided against such a car for a multitude of reasons, but mostly due to low expected sales volume from such a car. It seems the top range car in the 7-series lineup will be the twin-turbo 760i. Not exactly a slouch with a 0-60 of 4.6s, rivaling other cars in the BMW M lineup
Dr. … CONTINUED
Not all the news is bad news. Looks like the sales declines have slowed down for BMW this last month, while still negative as compared to last year, the rate of drop has stemmed and is actually improving. I would be cautious as to say the market is good again, but things aren’t declining anymore atleast..
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This is a pretty neat video compliation of what BMW has on offer currently. And by the sounds of it, this will become the advertising slogan of the season for BMW. They have already used the Joy theme for 2 recently released BMW vehicles and they plan to expand the theme at the IAA Frankfurt show that will see the X1 and 5erGT as well as supposedly an all new car under the effiency title that is said to be the Z2, a small, lighter and more agile Z car.
BMW Reports their May 2009 earning today. Despite the continued downward sales as compared to last year, the numbers show that BMW had its best sales month of the year so far and also hit the 2 millions cars milestone in the USA.
Read the rest of this article, view the photos and make comments here ==> http://www.e90post.com/forums/showthread.php?t=269008