Tag Archives: Ken Zino commenting as AutoCrat

BMW Group to Convert Preferred Shares to Common

At the Annual General Meeting of BMW AG (XETRA: BMWG.DE) late yesterday, and a subsequently held separate meeting of preferred shareholders [Susanne Klatten and Stefan Quandt – AutoCrat], the conversion of preferred shares into ordinary shares was approved.

“For the weighting of BMW AG in major stock indices such as the DAX or the EURO STOXX 50, it is already the ordinary shares that are decisive as the share class with the highest free‑float market capitalization. As a result of the conversion, their proportion in free float will increase significantly by around 19%,” said Chief Financial Officer Walter Mertl on Wednesday in Munich. “This step therefore strengthens the weighting of BMW AG in relevant indices. The simplified capital structure represents a clear added value for investors and may have a positive impact on the share price performance of the BMW share.” Continue reading

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Mazda Recalls Takata Airbag Inflators with New Supplier As Replacement

The remedy parts for replacement are an airbag inflator that is manufactured by different part – unnamed – supplier and is free from phased stabilized ammonium nitrate that Takata uses. Continue reading

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Rolls-Royce to Debut Electric Phantom Concept at Geneva

Rolls-Royce Motor Cars today confirmed the existence of the Phantom Experimental Electric, an electric Phantom concept car that will debut at the Geneva Motor Show in March. Continue reading

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