|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||86.99 - 87.72|
|52-week range||73.40 - 91.76|
|PE ratio (TTM)||7.50|
|Earnings date||7 Nov 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||91.10|
MUNICH/SHANGHAI, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - Luxury German carmaker BMW (EUREX: BMWE.EX - news) is in talks to produce its Mini models in China in partnership with Great Wall Motor Co. , the Chinese carmaker said on Friday. The carmakers have been discussing plans to launch electric and conventional Mini models for 18 months, Great Wall said in a stock exchange filing that described the talks as preliminary. BMW said it planned to grow the Mini brand in China with a new local partner, without naming Great Wall.
MUNICH, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - BMW (EUREX: BMWE.EX - news) would like to grow its Mini brand in China with the help of a Chinese partner, the group said on Friday, after China's Great Wall Motor (Shanghai: 601633.SS - news) said it was in talks to cooperate with the German premium carmaker. "It is only possible to accelerate growth of Mini in China with a local partner," BMW said. Great Wall Motor said it was in talks with BMW to cooperate on vehicles, including those the German firm produces under the Mini brand, and that the pair have not yet agreed on any new ventures.
BMW AG is in early talks with China’s biggest maker of sport utility vehicles about the possible production of Mini cars in the country, potentially marking the brand’s first manufacturing project outside ...
Magna International Inc., North America’s largest auto-parts supplier, is joining the consortium started by BMW AG, Intel Corp. and Mobileye to develop fully automated driving systems by 2021.
BERLIN, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - German firms active in Britain should make provisions now for a "very hard Brexit", Germany's biggest industry group said on Thursday, because the government in London does not know what it wants. The Federation of German Industries (BDI) said British Prime Minister Theresa May's government lacked a clear strategy on how to exit the European Union following last year's referendum.
German industry leaders want a shift towards digital services to be a priority as the pro-business Free Democrats (FDP) appear set to enter coalition talks with Angela Merkel's conservatives and the Greens. "Investments in education and digital infrastructure are urgently needed," Werner Baumann, chief executive of drugmaker Bayer (IOB: 0P6S.IL - news) , said in an emailed statement.
PARIS/FRANKFURT, Sept 15 (Reuters) - The battle over how and where Europeans charge their electric cars is expanding from the continent's cities to its motorways. Power utilities, tech start-ups and oil majors are fighting to establish themselves as the dominant players in the fast-growing business of charging stations – but advances in electric vehicles means where they build them is changing. "It is a bit of a landgrab now to win this sector," said Tim Payne, chief executive of British charging start-up InstaVolt, which has raised 12 million pounds ($16 million) to install 3,000 charge points across Britain by 2020.
FRANKFURT/BRUSSELS, Sept 13 (Reuters) - European carmakers have offered a further 20 percent cut in average carbon dioxide emissions for their vehicles in the next round of EU goals currently being drawn up, but said full compliance should wait until 2030 and remains conditional on consumer uptake of electrified cars. The industry needs a "clear and foreseeable time frame" for emission goals beyond 2021, when a new limit of 95 grammes of CO2 per kilometre is due to enter force, said Daimler (Swiss: DAI-EUR.SW - news) boss Dieter Zetsche, who currently chairs ACEA, the main European carmakers' association. Europe's powerful car industry has come under fire since Volkswagen (IOB: 0P6N.IL - news) admitted to cheating on emission tests in the United States, with the head of the European Commission voicing "shock" at its behaviour in a speech on Wednesday.
Jaguar is to launch an all-electric support series of races to accompany the Formula E championship late next year, the British-based carmaker said on Tuesday. The world's first production-based electric series, revealed at the Frankfurt Motor Show, will start up alongside Formula E's fifth season and feature cars based on Jaguar's I-PACE (LSE: 4031.L - news) performance SUV. Jaguar Land Rover's first battery electric model is due to go on sale in late 2018.
Ford Motor Co's premium Lincoln brand plans to offer hybrid gasoline-electric versions of all its U.S. models by 2022, according to three sources familiar with the plans. 3, when Ford Chief Executive Officer Jim Hackett plans to update investors on the automaker's strategy. Company officials are also considering whether to introduce one or more all-electric Lincoln models, one source said.
FRANKFURT/MUNICH, Sept 7 (Reuters) - Germany's BMW is gearing up to mass produce electric cars by 2020 and will to have 12 different models by 2025, it said on Thursday, as traditional manufacturers race to catch up with U.S. electric car pioneer Tesla. Car (HKSE: 0699-OL.HK - news) buyers shunned electric vehicles because of their high cost and limited operating range until Tesla unveiled the Model S in 2012, a car that cracked the 200 mile (322 km) range barrier on a single charge.
PARIS/FRANKFURT, Sept 7 (Reuters) - Frankfurt's vast auto show, which opens next week, is already getting attention of the wrong kind - for its impressive list of no-shows. The uncertain fortunes of the traditional car show mirror those of an industry in flux, its incumbents threatened by emissions regulation, tech giants and the sharing economy. "Car (HKSE: 0699-OL.HK - news) shows need a new approach," said Patrick Koller, chief executive of Faurecia (Swiss: EO.SW - news) , a parts supplier with 19 billion euros ($23 billion) in global sales.
A rally in auto stocks lifted German shares to 10-day highs on Wednesday as upbeat broker notes reawakened investor interest into a cheaply valued sector that could benefit from plans to cut emissions. ...
Volkswagen (IOB: 0P6N.IL - news) , Nissan, Toyota and Kia on Friday became the latest carmakers to launch their own scrappage schemes in Britain, as sales slide, saying they aimed to get motorists to trade in their old cars for less polluting new models. New (KOSDAQ: 160550.KQ - news) car registrations fell for the fourth month in a row in July, the longest run of declines since 2011, as demand cools due to faltering consumer confidence ahead of Brexit and uncertainty over whether the government will impose new penalties on drivers of the most-polluting vehicles.
India's cabinet on Wednesday approved raising the maximum levy on luxury cars and sports utility vehicles (SUVs), drawing criticism from several car makers. Rahil Ansari, India head of German luxury car maker Audi , said the move could lead to a double-digit dip in sales and force the company to rethink its plans for the country.
Ford on Tuesday became the latest carmaker to launch a car scrappage scheme in Britain, joining the likes of BMW (EUREX: BMWE.EX - news) and Mercedes (Xetra: 710000 - news) -Benz, after months of procrastination from the government over whether to begin a national programme. The U.S. automaker is offering customers a 2,000 pound ($2,580) discount off a range of many Ford models when they trade in their vehicles registered until the end of 2009. BMW, Mercedes-Benz and Vauxhall, the British version of the Opel brand sold on the continent, have all launched similar schemes in recent weeks to incentivise motorists to reduce emissions by replacing their gas-guzzling models with greener cars.
Fiat Chrysler will join an alliance led by BMW to develop self-driving cars, intensifying a race by carmakers and technology companies to develop "robotaxis" which can be called up via smartphone ...
BMW Chief Executive Harald Krueger said the German carmaker chose to build an electric version of its Mini without receiving any assurances or incentives from British authorities. "There were no concessions ...
Producers of "green" aluminium - made using renewable energy rather than fossil fuels - are starting to charge premium prices thanks to rising demand from industrial customers under pressure to reduce their carbon footprints. Operators of smelters powered by hydro-electricity in the likes of Norway, Russia and Canada are promoting their environmental credentials - and stealing a march on others that rely on coal or gas, notably in China and the Gulf. The competitive edge lies not in the metal itself, but the fact that its production requires far lower total emissions of greenhouse gases including carbon dioxide.
A German court on Friday backed an effort to ban diesel cars from Stuttgart, dealing a blow to carmakers such as Daimler (IOB: 0NXX.IL - news) and Volkswagen (IOB: 0P6N.IL - news) which had sought to avert legal curbs by modifying vehicles to cut their emissions. Since Volkswagen (VW) admitted in September 2015 to cheating emissions tests, diesel cars have been scrutinised for nitrogen oxide (NOx) emissions blamed for causing respiratory disease.
Britain's car-makers and traders are starting to feel the strains of Brexit, and output this year is likely fall short of the industry's expectations, the head of the leading UK group in the sector said. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said the government needed to say now what its plans were for the sector when Britain left the European Union in 2019. The number of cars made in Britain in June slumped by almost 14 percent year on year to 136,901, the SMMT said on Thursday.
Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. Britain's step, which follows France, amounts to a victory for electric cars that if copied globally could hit the wealth of oil producers, as well as transform car industry jobs and one of the icons of 20th Century (Shenzhen: 300078.SZ - news) capitalism: the automobile itself.
German Chancellor Angela Merkel has repeatedly warned against "demonising" diesel engines, a German government spokeswoman said on Wednesday after Britain announced a plan to ban combustion-powered cars by 2040. Britain said it would ban the sale of new petrol and diesel cars from 2040 as part of a plan to get them off the roads altogether 10 years later, but officials in Berlin suggested Europe's largest economy would not follow suit.
Germany should soon start phasing out petrol and diesel, a member of Chancellor Angela Merkel's Christian Democrats (CDU) said as Britain announced it would ban the sale of new petrol and diesel-powered cars from 2040. Germany's car industry is in hot water after Der Spiegel reported on Friday that Volkswagen (Xetra: 766400 - news) (VOWG_p.DE ), BMW (EUREX: BMWE.EX - news) , Audi (IOB: 0FG8.IL - news) and Porsche may have colluded to fix the prices of diesel emissions treatment systems.