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BMW recalls 120,000 cars over Takata air bags - Bild

FRANKFURT, May 27- German carmaker BMW is recalling 120,000 cars in the United States for defective Takata air bags, German paper Bild reported on its website on Friday. Citing a spokesman for BMW, Bild said that the recall included the X5 and X6 models from the years 2006 to 2011.. Japan's Takata this month agreed to declare as many as 40 million additional air bag...

Source: Reuters

BMW CEO poised to shake up top team - report

BERLIN, May 26- BMW plans to appoint new finance and purchasing chiefs as Chief Executive Harald Krueger builds a younger management team to lead the German carmaker into the future, a monthly magazine reported on Thursday. Krueger, a 50- year-old who took over a year ago from Norbert Reithofer, wants to replace finance chief Friedrich Eichiner with Nicolas...

Source: Reuters

UPDATE 1-BMW invests in California-based carpooling app Scoop

DETROIT, May 25- German luxury car maker BMW AG on Wednesday said its BMW iVentures venture capital arm has invested an undisclosed amount in California- based Scoop Technologies, which offers a smartphone-powered carpooling service called Scoop. The company currently operates in the San Francisco Bay area. On Tuesday, Toyota Motor Corp, the world's No. 1...

Source: Reuters

BMW HAS MADE SIMILAR INVESTMENTS IN SEVERAL MOBILITY-RELATED STARTUPS

BMW HAS MADE SIMILAR INVESTMENTS IN SEVERAL MOBILITY-RELATED STARTUPS.

Source: Reuters

BMW I VENTURES INVESTS UNDISCLOSED AMOUNT IN CALIFORNIA-BASED SCOOP, A MOBILE CARPOOLING APP

BMW I VENTURES INVESTS UNDISCLOSED AMOUNT IN CALIFORNIA- BASED SCOOP, A MOBILE CARPOOLING APP.

Source: Reuters

BMW's i3 electric vehicle can suddenly lose power - U.S. lawsuit

The lawsuit, filed on Tuesday in Los Angeles federal court, seeks damages for i3 drivers nationwide and in California alone, or to force BMW to buy the vehicles back. The lawsuit also said drivers have told the U.S. National Highway Traffic Safety Administration that the speed of their i3 vehicles fell by half in similar incidents, even under full throttle.

Source: Reuters

DAIMLER EUROPEAN REGISTRATIONS UP 21.6 PCT IN APRIL, FIAT CHRYSLER UP 13.6 PCT, BMW UP 11.7 PCT

DAIMLER EUROPEAN REGISTRATIONS UP 21.6 PCT IN APRIL, FIAT CHRYSLER UP 13.6 PCT, BMW UP 11.7 PCT.

Source: Reuters

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.

Source: CNBC.com

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 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