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Press Releases

BMW shares fall on Q1 earnings

CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including BMW showing weaker U.S. sales.


UPDATE 2-BMW profit slips as drivers shun limousines for SUVs

FRANKFURT, May 3- BMW missed forecasts with lower quarterly operating profit, hit by adverse currency moves and pressure on the prices of limousines as drivers in the United States in particular switch to sport-utility vehicles. Traditional car models have fallen out of favor in the United States, with sustained low gasoline prices encouraging a shift...

Source: Reuters

BMW enjoys strong Europe, Asia sales but cautious on outlook

FRANKFURT, Germany— Luxury automaker BMW says net profit rose 8.2 percent in the first quarter thanks to strong sales in Europe and Asia, but the company gave a restrained outlook for the rest of the year. The figure, however, was short of the consensus estimate for 1.68 billion euros as compiled by financial information provider FactSet and BMW was cautious about...

Source: The Associated Press

BMW Q1 misses expectations on currency hit

BMW's first-quarter operating profit missed expectations as currency headwinds offset record quarterly sales of luxury cars.

Source: Reuters

Sentiment on autos is too bearish: Expert

Oliver Maslowski, portfolio manager at GAM, argues why auto stocks such as BMW are being oversold and now offer an opportunity to investors.


China's auto market normalizing: BMW global sales head

BEIJING, April 25- China's auto market is normalizing and the normalization trend seen in the country's auto market in 2015 will continue this year, said Ian Robertson, the global chief of sales and marketing at BMW.

Source: Reuters

Mercedes on track to beat BMW in luxury car sales this year

*Mercedes-Benz passenger car sales up 12.6 pct to 483,487. FRANKFURT, April 12- Mercedes-Benz was the biggest seller of luxury cars globally in the first quarter, monthly registration figures showed on Tuesday, putting it in the frame to knock BMW off the top spot this year for the first time in a decade. Total sales of Mercedes-Benz in the first quarter reached...

Source: Reuters

Germany keen to test self-driving cars on the road

BERLIN, April 12- Chancellor Angela Merkel told carmakers on Tuesday that they should soon be able to test self-driving vehicles on German roads by promising to remove legal barriers. Germany is home to some of the world's largest car companies including Volkswagen, Daimler and BMW and Merkel said the industry should draw up a wish list for Berlin to help...

Source: Reuters

BMW launches car-sharing in Seattle in U.S. push

FRANKFURT, April 8- Germany's BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. Consultants Roland Berger say the market for car sharing will grow by 30 percent a year and generate revenue of between 3.7 billion euros and 5.6 billion...

Source: Reuters

BMW relaunches car-sharing

CNBC's Phil LeBeau reports that automaker BMW is launching ReachNow, a car-sharing and ride-sharing service in Seattle, after shutting down their DriveNow program in San Francisco.