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). Net profit for the period came in 16.0% higher at € 1,289 million (2011: € 1,111 million). The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers during the third quarter increased by 9.0% to 434,963 units … 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 exporter from the U.S.
BMW’s plant in Spartanburg currently produces over 1,000 vehicles each day and is the exclusive exporter of X3 and X5 Sports Activity Vehicles and the X6 Sports Activity Coupe through the Port of Charleston. This year, the … CONTINUED
Recall the stolen 1M coupe video and rash of stolen BMWs in the UK that we reported on in July? BMW has begun releasing fixes to prevent the high tech thefts which used a method of cloning keys on the spot (by NFC key programming devices). In short, the car thieves broke into the car, accessed the BMW OBD port, and programmed a blank NFC key via a key programmer.
Models produced from 2007 to September 2011 are vulnerable to process, but BMW has just released a software upgrade for affected X5 and X6 models. Software updates for other affected models will be available in approximately 8 weeks.
A BMW spokesman confirmed that the upgrade will be carried out by dealers free of charge. Owners with affected cars … CONTINUED
Many BMW fans are also big fans of Apple products, but this is combining the two interests and taking it oh perhaps just a little bit too far.
On September 6th at approximately 5am, a Los Angeles man and his cohorts were caught on camera off-roading their 2003 X5 SUV straight into (and past the glass and metal security gate of) an Apple store in Temecula where they attempted to burglarize the store.
Unfortunately for them, the metal security gate dropped down after the car’s entry and they had quite some fun testing the X5′s power while trying to get back out.
The accused man is being held on $600,000 bail, which is the estimated damage to the Apple Store, authorities said. He is charged with vandalism, burglary and … CONTINUED
The annual UK National BMW Festival was recently held at the Heritage Motor Centre in the UK. This year’s event celebrated the 40 years of BMW Motorsport and the 60th anniversary of the BMW Car Club of GB.
Check out the massive set of photos inside.
BMW USA looks to enhance awareness of its BMW Certified Pre-Owned Sales Event with this new set of CPO related ads.
More about the special financing options at: http://www.bmwusa.com/cpo
BMW has issue a service bulletin (SIB / TSB) which will allow dealers across the country to reprogram / code all BMW models with the Auto Start-Stop feature so that the system defaults to the “Last User mode” (last used setting) the next time that the car is turned on. Check out auto start stop SIB 12 15 12 inside.
BMW continues testing of the 2014 F15 X5 and we’ve just spied a prototype exposing the standard model bumper. The previous model spied (pics below) featured large intakes, likely from the M Sport or X5 M, but this test mule gives us the first look at the standard F15 X5′s front apron design.
It’s also the first time we see that the F15 X5 will feature integrated air curtain vents in its bumper design. Those who are not fans of the hood cutlines (separated from the kidney grilles) on the recent BMW models will appreciate that the 2014 X5′s hood cutline goes up to and traces the tops of the kidney grilles.
A couple of 2014 X5 (F15) prototypes flashed their grilles for the … 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 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