The BMW Group continued to perform successfully during the period under report despite difficult market conditions. Sales volume, revenues and earnings figures all constituted new highs to date for a third quarter. Revenues during the three-month period from July to September rose by 13.7% to € 18,817 million (2011: € 16,547 million). The profit before financial result (EBIT) increased by 13.8% to € 2,004 million (2011: € 1,761 million). Third-quarter profit before tax (EBT) improved by 17.6% to € 1,987 million (2011: € 1,689 million). … CONTINUED
BMW of North America will give $1 million to the American Red Cross for disaster relief in the aftermath of Hurricane Sandy.
Woodcliff Lake, NJ – November 2, 2012… “This donation will help the Red Cross give aid to the many who are in need in the affected areas,” said Ludwig Willisch, CEO and President, BMW of North America. “We support those who are working so hard on the recovery effort and we are encouraging our employees across North America to volunteer their time and money … CONTINUED
Woodcliff Lake, NJ – November 1, 2012… The BMW Group in the U.S. (BMW and MINI combined) reported October sales of 32,339 vehicles, an increase of 18.5 percent from the 27,288 vehicles sold in the same month a year ago. Year-to-date, BMW Group is up 8.4 percent on sales of 267,267 in the first ten months of 2012 compared to 246,602 in the same period in 2011.
“Momentum is increasing and the October figures show supply is finally catching up with demand as our new models … CONTINUED
The BMW Group plans to build a new plant in Brazil. “We welcome the new framework for investments in Brazil, based on the recently adopted “Inovar Auto” legislation. We have submitted an investment proposal for our planned new plant to the Brazilian Government,” said Ian Robertson, Member of the Board of Management, responsible for Sales and Marketing BMW, at a meeting with Brazilian President Dilma Rousseff in the capital, Brasilia, on Monday.
Subject to final approval of the plans by the Brazilian Government, the goal is … CONTINUED
BMW has shifted tens of thousands of cars that were originally targeted for Europe to the U.S. and Asia this year as sales weaken in the crisis-hit region.
“Challenges in Europe are getting greater,” Ian Robertson, sales chief for the world’s largest luxury-car brand, said to reporters today at a company event in Munich. The region faces “a lot of bumps on the road” before it stabilizes and an auto-market recovery could take years, he said.
Europe’s car industry is poised to suffer its biggest annual sales … CONTINUED
Today, on the fifth anniversary of the opening of the BMW Welt, the BMW Group gave the press a sneak preview of its new brand experience. The official opening weekend for all visitors will be on 20-21 October 2012. From now on, the brand worlds of MINI, Rolls-Royce and Husqvarna Motorcycles, and the sub-brands BMW i, BMW M and MINI John Cooper Works will be part of the BMW Welt experience, as well as the BMW and BMW Motorrad brands. The BMW Group will also … CONTINUED
Via BMW: Over a year ago, BMW Financial Services launched The Ultimate Drive smartphone app for iPhone and Android, which lets you find millions of miles of user-suggested driving routes and receive special discounts for BMW FS (U.S. customers only). Today, we’ve made the app available to an even wider audience with a standalone Facebook app — The Ultimate Drive for Facebook. Anyone who has a Facebook account can now access our free app from their computer!
In addition to making The Ultimate Drive App … CONTINUED
The BMW Group experienced growth in many regions around the world in September and achieved another record month in sales. With 177,716 (prev. yr. 159,223) BMW, MINI and Rolls-Royce brand automobiles delivered worldwide, sales were 11.6% higher than in the same month last year. It was also the best first nine months for the company, with sales up 8.3% compared to the same period last year. A total of 1,335,502 BMW Group vehicles were delivered during this time (prev. yr. 1,232,619).
Ian Robertson, Member of the Board … CONTINUED
The BMW Group in the U.S. (BMW and MINI combined) reported September sales of 26,660 vehicles, an increase of 3.5 percent from the 25,749 vehicles sold in the same month a year ago. Year-to-date, BMW Group is up 7.1 percent on sales of 234,928 in the first nine months of 2012 compared to 219,314 in the same period in 2011.
“The economic indicators and consumer confidence are showing improvement and the traffic in our showrooms is further encouraging our optimism for the fourth quarter of the year … CONTINUED
With their expressive and unmistakeable design, BMW’s latest new models convince not only juries of experts at renowned competitions, but also the general public. Latest example of this is BMW’s double victory in the readers’ survey conducted by the trade magazine “auto, motor und sport”. In the vote for the best design innovations 2012, the BMW 6 Series Gran Coupé and the new BMW 3 Series Sedan each attained a top position in their respective vehicle segment. As a result, both models are now being honoured … CONTINUED
BMW Manufacturing Co. announced today that the National Association of Foreign Trade Zones (NAFTZ) recognized the company as its Exporter of the Year. In addition, the NAFTZ recognized BMW as the recipient of its Export Achievement Award for being the member that showed the most improvement in value.
BMW’s plant in South Carolina has steadily increased its export activity. According to data from the U.S. Department of Commerce, based on the 2011 value of BMW exports from South Carolina, the company’s Spartanburg facility is the largest automotive … CONTINUED
The new BMW 320d EfficientDynamics Saloon has fought off tough competition to once again be crowned Best Executive Car of the Year at the What Car? Green Awards 2012, going on to top the field and be awarded the prestigious accolade of Green Car of the Year.
The BMW 320d EfficientDynamics Saloon won over the judges with its unconventional statistics, combining outstanding fuel efficiency and emissions with impressive performance. With a combined fuel consumption of 68.9mpg and CO2 emissions of 109g/km, the 320d EfficientDynamics Saloon is … CONTINUED
On 14 September 2012 the BMW Driving Academy will open for business. This new BMW Group driver training centre just outside Munich lies close to the heart of the company, with barely 30 kilometres separating it from BMW headquarters. The site of what used to be the Fürstenfeldbruck airfield in Maisach covers some 130 hectares (1.3 million square metres) – an ample area on which to simulate and practise every conceivable type of driving manoeuvre and situation.
“The new facility in Maisach allows us to offer our … CONTINUED
With 121,615 BMW, MINI and Rolls-Royce brand automobiles sold worldwide last month (+9.7%, prev. yr. 110,903 units), the BMW Group achieved its best-ever August sales result. Since the beginning of the year the BMW Group has delivered 1,157,777 vehicles worldwide, an increase of 7.9% compared with the first eight months of the previous year (1,073,396).
Ian Robertson, member of the Board of Management of BMW AG, responsible for Sales and Marketing BMW: “We achieved record sales once again in August. Models such as the BMW 1 and … CONTINUED
BMW has issued a service bulletin (SIB / TSB) affecting owners of a BMW powered by the 6 cylinder N54 turbo engine. It extends the warranty on the N54 turbochargers for any failure of a turbocharger caused by a defect in the turbo wastegate. Here is the full bulletin:
N54 Engine Turbocharger (Wastegates Only): Emissions Warranty Extension to 8 Years/82,000 Miles
E60, E61 (MY 2008, 2009, 2010): 535i including xDrive E71 (MY 2008, 2009, 2010): X6 xDrive35i
E82, E88 (MY 2008, 2009, 2010): 135i
E89 (MY 2009, 2010): … CONTINUED
After achieving record sales in the first half of 2012, the BMW Group reported its best-ever sales result for July. With a total of 135,537 (prev. yr. 129,102) BMW, MINI and Rolls-Royce brand vehicles delivered worldwide last month, the company increased its sales by 5.0% compared to the previous year. It was also the first time in the company’s history that over one million vehicles had been delivered in the first seven months. From January to July the number of deliveries climbed 7.6% to 1,036,088 vehicles … CONTINUED
According to a report from Automotive News, BMW is considering adding a second North American plant – in Mexico. It would join the Sprtanburg, SC plant as the only other BMW plant in N.A.
Production at the Spartanburg plant has included the X5, X6, X3, and Z4 (no longer built in Spartanburg) and will soon include the X4 SAV. The potential Mexican plant would expand that to the 3 Series and future FWD 1 Series models. Production would set to begin at the plant in late 2016 … CONTINUED
BMW Group remains on successful course in second quarter
- New record figures for sales volume and revenues
- Second-best quarterly earnings in the company’s history
- Profit before financial result amounts to € 2.27 billion
- Automotive Segment second-quarter EBIT margin of 11.6%
- BMW Group reaffirms targets for financial year 2012
Munich. The BMW Group continued its success during the second quarter as well as in the six-month period to June 2012, achieving new record figures for sales volume and revenues and the second-best Group operating profit in the company’s … CONTINUED