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 history.
Second-quarter revenues rose by 7.3% to € 19,202 million (2011: € 17,888 million). Group earnings remained at a high level despite greater investment in new technologies and higher personnel costs: Profit before financial result (EBIT) amounted to € 2,270 million … CONTINUED
From now until October 1, 2012, purchasers of BMW can take advantage of a loyalty program for current and former BMW owners or lessees of any model year car – finance or lease.
Check out the full details inside.
BMW On Demand, the hourly (or daily/weekly) rental program currently available in Europe (see model selection), is crossing the Atlantic to the U.S.
The service will begin in NYC (Manhattan) where folks will be able to rent cars from participating dealerships. BMW of Manhattan will be the first (and pilot) dealership and will have approximately 100 328i sedans available. More models should become available later. In Europe, the range of vehicles available covers the whole BMW models gamut, from hatchbacks to convertibles, sedans, SAVs and M cars. See below for a look at some of the BMW On Demand models recently spotted in the garage of the Welt.
The U.S. BMW On Demand website is already live at http://www.bmwondemandusa.com, but the program won’t kick off, nor pricing … CONTINUED
The final countdown to London 2012 has begun and BMW Group today unveiled their Olympic Park Pavilion, expected to draw thousands of visitors each day of the Games.
Conceived by an award-winning British architecture firm, the BMW Group Pavilion represents a significant architectural addition to the Olympic Park, showing an exciting range of the company’s latest vehicles against the backdrop of the Olympic Stadium and Aquatics Centre. The structure also underlines the company’s longstanding commitment to design and sustainability with an array of individual rooftop pavilions exhibiting current models as well as concept cars of the future.
The Pavilion is light and open, appearing to ‘float’ on the river as water flows down the sides of the structure to create a constantly changing façade, whilst simultaneously accentuating its … CONTINUED
Just a bit over 15 months after announcing their joint venture (BMW Peugeot Citroën Electrification (BPCE)) on developing hybrid and electric vehicle technologies, BMW and Citroen are in talks to break up the partnership, reports Bloomberg News.
BMW spokeswoman Micaela Sandstede told Bloomberg News that BMW is looking to take over the operations of the BMW Peugeot Citroen Electrification partnership.
“Whether that means the joint venture’s employees move to BMW is undecided,” she said. “We are still in discussions with PSA over the dismantling of the joint venture.”
The joint venture BPCE currently includes an R&D center in Munich and a manufacturing facility in Mulhouse, France, which employs 250 workers who are supposed to electrify around 10,000 vehicles starting from 2015.
The BMW Group in the U.S. (BMW and MINI combined) reported June sales of 27,720 vehicles, an increase of 3.2 percent from the 26,865 vehicles sold in the same month a year ago. Year-to-date, BMW Group is up 10.5 percent on sales of 158,563 in the first six months of 2012 compared to 143,521 in the same period in 2011.
“The June numbers continue the solid, consistent growth we predicted but, most important, the first six months of the year are setting the stage for even better results ahead,” said Ludwig Willisch, President and CEO, BMW of North America, LLC. “Demand is strong though we’ve been constrained by new model ramp up but supply will soon catch up in the second half of the year.” … CONTINUED
BMW and Toyota have announced plans to jointly develop a new sports car and other technologies. The two companies have announced today the signing of a memorandum of understanding at BMW’s HQ in Munich.
The companies plan to expand their already existing cooperation initiated in December last year, which will now include joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and development on lightweight technologies.
Toyota’s recent success on collaborating with Subaru to develop the highly acclaimed Scion FR-S / Subaru BRZ gives us hope of an exciting sports car from BMW and Toyota.
See the full news announcement inside.
For the past few weeks, BMW has been offering a $300 discount on the 2012 3 Series for scheduling a test drive through the app, but they’ve now expanded the promotion to include all BMW models.
The discounts are as follows:
$300 Off 3 Series, 1 Series, X1, X3 and Z4 (all trims, including M models)
$500 Off 5 Series, 5 Series Gran Turismo and X5 (all trims, including M models)
$700 Off 7 Series, 6 Series, 6 Series Gran Coupe and X6 (all trims, including M models)
What you will receive is a voucher in the amounts listed above off the first payment on a new 2012 or 2013 BMW financed or leased through BMW Financial Services.
To receive your discount:
Step 1: Download The Ultimate Drive app (available on … CONTINUED
Here’s a better look inside the first ever BMW Store, which recently opened in Paris, France, in the most luxurious area of metropolitan Paris in the Avenue George V. The store was designed by the well-known, luxury retail architect, Eric Carlson and his team from Carbondale Architects and Version Architects.
With the grand opening of the 800m2 BMW Brand Store in the very heart of luxury retail, BMW is reaching out to shoppers with the objective of allowing them to experience the brand in their chosen environment. The new store was formally inaugurated by Ian Robertson, Member of the Board of Management of BMW AG, Sales and Marketing BMW, together with the Architect, Eric Carlson, and the Head of BMW France, Serge Naudin, as well as … CONTINUED