Detroit News (Free subscription) | 10/08/2008
FRANKFURT, Germany -- German carmaker BMW AG says worldwide sales fell nearly 15 percent in September as the global economic crisis pushed North America and western Europe to curb spending.
Law Blog - WSJ.com (Free subscription) | 10/08/2008
More auto makers felt the pinch of the financial crisis Wednesday, as Ford Motor Co. unit Volvo announced further job cuts, and BMW AG said its September sales fell 15% amid falling demand for luxury vehicles."The recent escalation in the financial crisis is also affecting consumer confidence in the premium segment," said BMW executive board member Ian Robertson.Historically, makers of premium cars...
kansascity.com (Free subscription) | yesterday
... even in vehicles sold worldwide.
GM and Chrysler already have a joint venture with BMW AG making a hybrid gas-electric powertrain. While melding the companies could save money by combining management, engineering, manufacturing and administrative staffs, analysts say consolidation would bring more costs, and the rewards probably wouldn't come for several years.
That might be too late...
Indy Star (Free subscription) | yesterday
... 2007 essentially even in vehicles sold worldwide.GM and Chrysler already have a joint venture with BMW AG making a hybrid gas-electric powertrain. While melding the companies could save money by combining management, engineering, manufacturing and administrative staffs, analysts say consolidation would bring more costs, and the rewards probably wouldn't come for several years.That might be too...
Examiner (Free subscription) | 10/11/2008
... 2007 essentially even in vehicles sold worldwide.GM and Chrysler already have a joint venture with BMW AG making a hybrid gas-electric powertrain. While melding the companies could save money by combining management, engineering, manufacturing and administrative staffs, analysts say consolidation would bring more costs, and the rewards probably wouldn't come for several years.That might be too...
Detroit News (Free subscription) | 10/08/2008
And the indignation about the auto loans is laughable when you consider how much German auto companies have gotten in tax breaks in the United States. BMW AG, for example, earlier this year got a $15 million grant from South Carolina for site improvements for its plant there and millions more in tax breaks over time. Tennessee is offering millions to Volkswagen for the plant it is building in Chattanooga....
MarketBeat (Free subscription) | 10/07/2008
... longer has anything to do with fundamental valuation”. Volkswagen is now worth more than Daimler AG, BMW AG, Porsche Automobil Holding SE, Fiat SpA, Peugeot SA, Renault SA, General Motors Corp. and Ford Motor Co. combined, the trader added, referring to the valuation of 135 billion ($183.9 billion), based on the current share price . High raw material prices and sluggish demand for new cars in...
