BMW sees full-year drop in output amid volatile second half
2 years, 4 months ago

BMW sees full-year drop in output amid volatile second half

Hindustan Times  

BMW lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets. BMW expects a solid sales increase in the second half but said total deliveries will fall short of last year's record highs of 2.52 million across the group. The premium carmaker expects a solid sales increase in the second half but said total deliveries will fall short of last year's record highs of 2.52 million across the group. The consolidation of its China joint venture BMW Brilliance Automotive pushed up revenues in the first half but dampened second quarter earnings, BMW said, reporting an automotive margin of 8.2%, down from last year's 15.8%.

Europe Second Half Bmw  billion  revenues  venture  half  second  drop  bmw  amid  volatile  quarter  output  supply  sees  earnings  sales  fullyear

History of this topic

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens
2 months, 2 weeks ago

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens

Hindustan Times  

BMW AG and Mercedes-Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending. An interior of a BMW i7 electric car is seen during a press conference announcing a joint venture between Tata Technologies and BMW Group, in Mumbai, India, October 8, 2024 {{^userSubscribed}} {{/userSubscribed}} …

BMW suffers £3.7bn slump over major problems with brakes
3 months, 2 weeks ago

BMW suffers £3.7bn slump over major problems with brakes

The Telegraph  

BMW will recall about 1.5m vehicles over problems with their brakes, wiping €4.3bn off the value of the German carmaker. The company, which also makes Rolls-Royce and Mini, said the product recall will have a “negative worldwide sales effect in the second half of the year”. Shares plunged by as much as 9.6pc as it said it would take a …

BMW sold 594,533 cars in the first quarter of 2024, still low on profits: Know-why?
7 months, 2 weeks ago

BMW sold 594,533 cars in the first quarter of 2024, still low on profits: Know-why?

India TV News  

BMW, a German car manufacturing brand has reportedly made less profit in the first quarter of 2024. The model changeover of BMW's important 5 Series vehicle hurt the figures, as did the higher proportion of fully electric cars, which are less profitable to sell for the company. Some call this transformation -- for us, it is continuous progress.” The company's …

EVs fuel BMW's lead in China
11 months, 2 weeks ago

EVs fuel BMW's lead in China

China Daily  

The 5 millionth vehicle of BMW Brilliance Automotive Ltd is seen in Tiexi district of Shenyang, Northeast China's Liaoning province, in February 2023. The BMW Group sold 824,932 BMW and MINI vehicles in China last year, up 4.2 percent year-on-year, said the German premium carmaker on Tuesday. "New competitors, products and technologies created an intensely competitive Chinese automotive market in …

Top end BMW cars sell faster, clocks over 100% sales in H1
1 year, 5 months ago

Top end BMW cars sell faster, clocks over 100% sales in H1

Deccan Chronicle  

PUNE: BMW, India’s second biggest luxury car maker, on Monday said sales of its top end vehicles, which it calls the luxury class, priced over Rs 1.50 crore were growing over 100 per cent with a waiting period running into over four months. “In the first half of this year, our luxury class vehicles surged 128 per cent compared to …

BMW Group car sales in H1 grows 5%, motorcycle sales up 50%
1 year, 5 months ago

BMW Group car sales in H1 grows 5%, motorcycle sales up 50%

The Hindu  

BMW Group India reported 5% growth in sales of cars in the January to June 2023 period owing to heavy demand for its luxury vehicles. Vikram Pawah, president, BMW Group India said, “We have achieved the landmark highest ever half-yearly, quarterly and June monthly sales. Every product launched this year is extremely desirable and in tremendous demand.” He said the …

BMW Group India sees highest growth in a decade in 2021
2 years, 11 months ago

BMW Group India sees highest growth in a decade in 2021

The Hindu  

BMW Group India on Tuesday said it has achieved the highest growth in a decade in the country by delivering a total of 8,876 cars, including BMW and MINI, and 5,191 motorcycles in 2021. “BMW Group India has remained strong and resilient with all its three brands – BMW, MINI and BMW Motorrad posting stellar growth. Greater flexibility and far-sighted …

BMW muscles through chip shortage with profit jump
3 years, 1 month ago

BMW muscles through chip shortage with profit jump

Live Mint  

BMW AG earnings jumped to beat expectations after higher vehicle prices and prioritizing money-spinning models like the $75,000 X7 SUV helped the company offset output reductions due to the dearth of chips. Group earnings before tax surged 50% to 2.9 billion euros in the third quarter, BMW said Wednesday, compared with an average analysts’ estimate of 2.5 billion euros. BMW’s …

BMW deal to lift stake in China venture unaffected by Brilliance parent’s debt issues
4 years, 1 month ago

BMW deal to lift stake in China venture unaffected by Brilliance parent’s debt issues

Live Mint  

BEIJING/HONG KONG: German carmaker BMW said on Tuesday there was no indication that its deal to increase its stake in its joint venture with Brilliance China Automotive would be affected by debt issues at Brilliance's parent. BMW said in 2018 that it would pay 3.6 billion euros in 2022 for a further 25% stake in the venture with Brilliance - …

BMW Loses Almost $800 Million as Sales Slide During Lockdowns
4 years, 4 months ago

BMW Loses Almost $800 Million as Sales Slide During Lockdowns

News 18  

FRANKFURT BMW expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second quarter after sales slumped 25% because of coronavirus lockdowns, it said on Wednesday. “What matters now is how robust this upward trend is and when individual markets will follow suit,” said Chief Executive Oliver …

Discover Related