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 said it delivered 7.2 percent fewer cars during the July-September period and that its revenue fell 6.6 percent to euro11.8 billion from euro12.6 billion in the July-September period of 2008.
“Although there are some emerging signs that the lowest point of … 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 plant will completely decommission its current waste air treatment systems by 2010.
The Landshut light-alloy foundrys approximately 1,300 employees currently produce around 1.8 million aluminium and magnesium castings a year, with a total weight of 45,000 tonnes. … 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 DesignworksUSA as an international driving force in BMW Group Design and in making the Studio an appealing partner also for external customers. The success of our concept of inter-acting, interdisciplinary transfer of know-how to the mutual benefit of both the … 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 big strides as you can compare the cool non-jarring interior lighting of a BMW to nearly any other car on the market whoose interior lighting is strictly functional. That is of course not to say BMWs scheme is not … 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 Autoscout24 Internet Auto Award competition.
Munich. Triple success for the BMW Group in the 2009 Internet Auto Award competition. This year the new BMW Z4 Roadster, the Sports Activity Coupe BMW X6 and the MINI … 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.