Bayerische Motoren Werke AG

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Bayerische Motoren Werke AG engages in the manufacture and sale of automobiles and motorcycles. It operates through the following segments: Automotive, Motorcycles, Financial Services, and Other Entities. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles, under the following brands: BMW, MINI, and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment focuses on the premium segment. The Financial Services segment offers credit financing, leasing, and other services to retail customers. The Other Entities segment includes holding and group financing activities. The company was founded on March 6, 1916 and is headquartered in Munich, Germany.

Bayerische Motoren Werke Aktiengesellschaft (OTCPK:BMWYY) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Maximilian Schöberl – General Manager Nicolas Peter – Chief Financial Officer Conference Call Participants Dorothee Cresswell – Exane George Galliers – Goldman Sachs Tom Narayan – RBC Patrick Hummel – UBS Jose Asumendi – JPMorgan Stephen Reitman – Société Générale Philippe Houchois – Jeffries Daniel Roska – Bernstein Research Henning Cosman – Barclays Maximilian Schöberl Good afternoon ladies and gentlemen. I would like to welcome all of you to our telephone conference for the third quarter results.

Bayerische Motoren Werke Aktiengesellschaft (BMWYY) Q3 2022 Earnings Call Transcript

Buyers of a BMW should be able to order a car directly from the manufacturer in the future with no need to involve a car dealer, its finance chief told Muenchner Merkur.

BMW plans direct sales of its cars, CFO tells newspaper

BMW's third-quarter operating profit topped expectations even though overall deliveries were down. It sold more electric vehicles in the quarter than a year ago, however.

BMW Beats Earnings Estimates by Selling More EVs

BMW AG BMW, -0.05% on Thursday confirmed the full-year margin target for its auto business and said earnings came in higher in the third quarter, helped in part by car pricing.

BMW says profit rose to 3.2 billion euros in Q3

Vertu Motors (AIM:VTU) PLC has announced the acquisitions, worth an estimated £4.2mln, of two Yorkshire-based BMW Motorrad outlets. Motorrad is BMW's motorcycle brand, which was the UK market leader in the ‘big bikes' category in 2021.

Vertu Motors becomes largest UK BMW motorcycle retailer

On Oct. 19, 2022, German automotive stalwart BMW Group (US:BMWYY, DE:BMW) announced its intentions to invest $1.7 billion in its U.S.

Geopolitical Tensions Threaten to Undo BMW Group's EV Ambitions

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BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory to produce electric cars and SUVs. That sum included $700 million for the construction of a battery manufacturing plant nearby.

Why BMW really decided to manufacture batteries in the US

Envision AESC will supply the automaker with the cells it needs for EV assembly.

BMW Invests $1.7 Billion to Build EVs, Batteries in the US

BMW Group has unveiled plans to invest $1.7 billion in expanding its US operations to build electric vehicles (EVs) and batteries. The German carmaker said the investment will include $1bn to prepare for production of EVs at its existing Spartanburg factory in South Carolina, and $700mln for a new high-voltage battery-assembly facility in nearby Woodruff in the state.

BMW plans to invest $1.7bn to produce electric vehicles and batteries in the US

BMW, the largest exporter of cars from the US, will overhaul its existing South Carolina manufacturing plant in Greer and build a new electric vehicle battery plant in Woodruff

BMW accelerating South Carolina electric vehicle production with $1.7B investment

BMW plans to invest $1.7 billion to build at least six EV models in the U.S. by the end of the decade. The investment announced Wednesday includes $1 billion toward BMW's factory in Spartanburg, South Carolina and $700 million to fund a new battery cell plant nearby.

BMW to invest $1.7B to build EVs in South Carolina

German carmaker BMW said Wednesday it will invest $1.7 billion in the production of electric vehicles in the United States.

BMW to invest $1.7 bn in electric car production in US

BMW AG said on Wednesday it will invest $1.7 billion to build electric vehicles in the United States, the latest announcement from major automaker about plans to ramp up U.S. EV production.

BMW investing $1.7 bln to build electric vehicles in U.S.

The investment will include $1 billion for production of EVs at BMW's South Carolina plant, and $700 million to build a new battery-assembly facility.

BMW plans to invest $1.7 billion in U.S. to produce electric vehicles

The Spectre will be Rolls-Royce's first EV when it goes into production in late 2023.

Electric Rolls-Royce Spectre Is a Huge, Wonderfully Modern Coupe

Rolls-Royce plans to deliver its first EV, the Spectre two-door coupe, to customers late next year as it transitions toward becoming a fully electric brand by 2030.

Rolls-Royce Spectre EV to launch next year with 260-mile range

More than 300 buyers put down deposits for Rolls-Royce's first electric vehicle prior to its unveiling, the luxury automaker's CEO told CNBC.

Rolls-Royce says it already has hundreds of U.S. orders for its $413,000 Spectre electric vehicle

Rolls-Royce will start production of its first electric car next year. It has only two doors but is longer than a full-size SUV. And among its innumerable options, the Spectre will be offered with stars in the doors.

Rolls-Royce's first electric car has two doors and is longer than a Cadillac Escalade

Cowley factory on outskirts of Oxford not up to challenge of creating electric vehicles, says Mini boss

BMW to axe UK production of electric Mini and relocate to China

Automaker BMW is set to move production of its electric minis from the United Kingdom to China, The Times reported on Friday.

BMW to move production of electric minis from UK to China -The Times

BMW will partner with AirConsole to bring in-car gaming to new vehicles, starting with the BMW 7 series next year.

BMW partners with AirConsole to bring in-car gaming in 2023

BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war in Ukraine and supply shortages led to a drop in deliveries in the first half of 2022, said the German carmaker on Monday.

BMW Group sales drop slightly in Q3

Amazon Alexa will be the foundation of BMW's next-generation voice assistant, the companies announced Wednesday at Amazon's annual Devices and Services launch event. The German automaker and Amazon are have had a relationship for years now.

BMW will use Amazon Alexa to build its next voice assistant

BMW raised the curtain Tuesday on a high-performance plug-in hybrid SUV meant to lure buyers from the ultra-luxury segment's Lamborghini Urus and Aston Martin DBX. The BMW XM full-size SUV is the first electrified model from the brand's race track-ready M badge.

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