News on BMW AG

Germany BMW

2010-03-17T05:01:13Z

BMW CEO Norbert Reithofer follows the company's annual balance conference in Munich, southern Germany, on Wednesday, March 17, 2010. German auto group BMW AG says the economic crisis has probably reached its lowest point and that its car market could see growth in a single-digit percentage range in ...

Germany Earns BMW

2010-03-17T05:01:12Z

BMW CEO Norbert Reithofer poses for photographers in front of a BMW Concept Car Vision prior to the company's annual balance conference in Munich, southern Germany, on Wednesday, March 17, 2010. German auto group BMW AG says the economic crisis has probably reached its lowest point and that its car ...

BMW sees economic crisis past lowest point

2010-03-17T05:00:48Z

<div id="subtitle">German carmaker BMW sees economic crisis past low point; market could grow at low rate in 2010</div><div><p>German auto group BMW AG says the economic crisis has probably reached its lowest point and that its car market could see growth in a single-digit percentage range in 2010.</p><p>The Munich-based company, which builds BMW motorcycles and the Mini an...

BMW Group Publish Group Financial Statements 2009

2010-03-17T04:34:00Z

MUNICH, GERMANY - MARCH 17: BMW Chairman and CEO Norbert Reithofer addresses the media next to the BMW Vision concept car during the annual news conference at BMW World on March 17, 2010 in Munich, Germany. BMW Group sold 1.28 million cars in 2009. (Photo by Miguel Villagran/BMW, said Wednesday it planned to launch its own small car that might be based on its Mini model to serve a sector that is developing rapidly.</p><p>"We expect by 2020 growth of between four to six percent" in the market for small, high-end automobiles, BMW boss Norbert Reithofer told a press conference in MUNICH, GERMANY - MARCH 15: BMW logos are pictured in a tray on on the BMW 3-series production line at the BMW factory on March 15, 2010 in Munich, Germany. The German car maker will present the company's business report for 2009 tomorrow. (Photo by Miguel Villagran/BMW, the world's leading luxury car maker by sales, on Thursday reported a sharp drop in 2009 profit but said deliveries would pick-up this year.</p><p>The German group said profit fell 36.5 percent to 210 million euros (287 million dollars) as chairman Norbert Reithofer updated provisional figures.</p><p>A company statement added however that ...

BMW 2009 profit falls 36 pct to $286 million

2010-03-11T03:46:00Z

<div id="subtitle">German carmaker BMW says 2009 net income fell 36 percent to $286 million amid recession</div><div><p>German carmaker BMW AG said Thursday its 2009 net income fell 36 percent to euro210 million ($286 million) because of lower demand for its cars and motorcycles during the economic downturn as well as a higher tax rate.</p><p>BMW, the world's biggest luxury car maker, said it earned euro330 million i...

BMW posts 36.4% drop in 2009 profit

2010-03-11T03:15:51Z

<div><p>German luxury car maker BMW on Thursday reported a 36.4 percent drop in 2009 net profit but also issued an upbeat 2010 forecast.</p><p>BMW said its 2009 profit had fallen to 210 million euros (287 million dollars) as boss Norbert Reithofer updated provisional figures.</p><p>A company statement added however that sales by the world's leading lux...

BMW global February sales up 14 pct to 91,758 cars

2010-03-09T03:30:21Z

<div id="subtitle">German carmaker BMW global February group sales up 14 percent to 91,758 cars</div><div><p>German carmaker BMW AG says its global February group sales increased 14 percent from a year earlier to 91,758 cars for the month.</p><p>The Munich-based company said Tuesday it delivered 78,248 cars of the BMW brand, up 13 percent. The Mini brand is up 16 percent to...

Geneva auto show opens 80th edition to public

2010-03-04T05:45:50Z

<div id="subtitle">Geneva auto show opens 80th edition on note of optimism as questions remain over hybrid future</div><div><p>The 80th Geneva Motor Show opened its doors to the public Thursday, offering a note of optimism and fun after two difficult years for the industry.</p><p>The hybrid revolution, however, remains elusive.</p><p>Among the stars of the show are Reuters) - German car maker BMW <BMWG.DE> is set to announce a deal on Monday to offload 3 billion pounds ($4.62 billion) of longevity risks from its UK pension scheme to Deutsche Bank <DBKGn.DE>, the

Spain Americas Cup Sailing

2010-02-15T10:15:54Z

BMW Oracle helmsman's James Spithill, center, steers the BOR 90 to win the 33rd America's Cup against Swiss defender Alinghi off Valencia, Spain, on Sunday, Feb. 14, 2010. (AP Photo/Victor R. Caivano)

BMW Oracle sail away with 33rd America's Cup

2010-02-22T09:34:43Z

<div><p>VALENCIA, Spain (Reuters) - U.S. challengers BMW Oracle won the 33rd America's Cup on Sunday, beating Swiss holders Alinghi in the second race to claim the best-of-three series 2-0 in a triumph of superior design and technology.</p><p&...

Alinghi waits to decide America's Cup future

2010-02-22T09:33:21Z

<div id="subtitle">Alinghi waits on BMW Oracle to decide America's Cup future; lawsuit and boat class obstacles</div><div><p>Alinghi president Ernesto Bertarelli will wait before deciding whether the Swiss team continues sailing the America's Cup.</p><p&a...

BMW Oracle provisionally win 33rd America's Cup

2010-02-22T09:34:52Z

<div><p>VALENCIA, Spain (Reuters) - U.S. challengers BMW Oracle provisionally won the 33rd America's Cup Sunday, beating Swiss holders Alinghi in the second race to claim the best-of-three series 2-0.&l...

Oracle builds big lead in America's Cup

2010-02-22T09:35:19Z

<div><p>VALENCIA, Spain (Reuters) - U.S. challengers BMW Oracle built a commanding lead in the second race of the 33rd America's Cup on Sunday and were on the brink of taking the trophy away from Swiss holders ...

Spain America's Cup Sailing

2010-02-14T09:30:38Z

American challenger BMW Oracle BOR 90, left, sails during the second race of the 33rd America's Cup against Swiss defender Alinghi 5, no picture, of Valencia, Spain, Sunday, Feb. 14, 2010. American BMW Oracle BOR 90 won the first race of the 33rd America's Cup against Swiss defender Alinghi. (AP Photo/Alb...

Second America's Cup race begins, Oracle ahead

2010-02-22T09:35:38Z

<div><p>VALENCIA, Spain (Reuters) - The second race of the 33rd America's Cup got under way after long delays on Sunday, U.S. challengers BMW Oracle grabbing an early advantage over Swiss holders Alinghi.&a...

Light winds delay America's Cup again

2010-02-22T09:36:33Z

<div><p>VALENCIA, Spain (Reuters) - Light winds forced officials to further delay the start of the second race of the 33rd America's Cup between Swiss holders Alinghi and U.S. challengers BMW Oracle on Sund...