|Day's range||82.37 - 84.13|
|52-week range||63.38 - 91.76|
|PE ratio (TTM)||7.46|
|Earnings date||3 Aug 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||91.29|
BMW will streamline its manufacturing process, offering fewer variants of engines and equipment, to offset high research and development (R&D) spending through 2019, the German carmaker's finance chief Nicolas Peter said on Wednesday. At the same time, China's aggressive push to introduce electric car quotas has forced European carmakers to accelerate the development and roll-out of electric and hybrid vehicles, pushing up their costs. In 2016, BMW spent 5.16 billion euros or 5.5 percent of revenue on R&D.
Used Volkswagen cars have maintained their value in Europe and continue to command a premium over the competition despite an emissions crisis that has damaged the brand and the image of diesel, credit-rating agency Moody's said. This will continue to support the performance of VW asset-backed security deals, in which residual values are a risk if they fall below the value of outstanding debt on car loans, in the key markets of Germany, the UK, France and Spain, it said. "We expect 2017 will see a larger decline in the proportion of new diesel vehicles sold and this shift in consumer demand will be echoed in the used car market.
From water taxis that "fly" on hydrofoils to aircraft wings and cutting-edge car steering wheels, the America's Cup has produced technology with potential far beyond its "foiling" catamarans. With (Other OTC: WWTH - news) their focus on carbon fibre and aerodynamics, the teams that fought for the America's Cup attracted partners including planemaker Airbus and automotive groups BMW and Land Rover who were keen to learn from them.