-
Recent Posts
- DOE Loan Programs Office – $1B to Evgo for Charging Points
- Yawn or Yikes? Hyundai, Waymo Link on Autonomous SUVs
- IONNA Breaks Ground on So-Called Rechargery for EVs
- U.S. Vehicles Sales Drop as Consumers Wait for Discounts
- NHTSA Issues Park Outside Consumer Alert for Jeep Fires
- Nissan Group U.S. Q3 Sales Off 2.2% with Varying Results
- American Honda September Sales Drop 9%
- Toyota Motor North America September Sales off 20%
- GM Posts Modest U.S. Sales increase for Q3 2024
- Mattias Ekström Joins Ford Performance for 2025 Dakar Rally
- Plug-in Hybrid Jeeps Recalled for Battery Fire Risks
- Mercedes-Benz USA Software Recall for Sudden Stalling
- Mazda Recalls 2016 – 2023 Miata Sports Cars for Bad Airbags
- Beleaguered Stellantis Cuts 2024 Financial Guidance
- Loyalty Keeps Vehicle Buyers Out of Market Amidst Shortages
Recent Comments
- IONNA Breaks Ground on So-Called Rechargery for EVs | AutoInformed on Toyota Joins IONNA EV Charging Network in North America
- Beleaguered Stellantis Cuts 2024 Financial Guidance | AutoInformed on Stellantis Tanks in First Half of 2024 – Net Profit -48%
- Toyota on Plug-in Name Changes on Prius Prime Changes its Name to Prius Plug-in Hybrid for 2025
- C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show | AutoInformed on Stellantis Holds Media Drive for Chinese Leapmotor EVs
- International Brotherhood of Teamsters on Teamsters to Honor Picket Lines of 50,000 UAW GM Workers
Archives
Meta
Tag Archives: Oliver Zipse
BMW Manufacturing is Largest US Automotive Exporter
BMW Manufacturing led the nation in automotive exports by value, according to data released by the US Department of Commerce. The South Carolina plant exported 227,029 BMW Sports Activity Vehicles and Coupes during 2022 with an export value of ~$9.6 … Continue reading
BMW Group to Spend $1.7B to Make Electric Vehicles in US
The new Woodruff factory will encompass over 1 million sq. ft. and produce next generation batteries for fully electric vehicles. About, and 300 new jobs will be created on site. Plant Spartanburg currently produces lithium-ion battery modules for the two plug-in hybrid electric vehicles built at the plant, the BMW X3 xDrive30e and BMW X5 xDrive45e. In 2021, ~70,000 electrified BMWs were built on site. Continue reading
BMW Group Q1 – Record Deliveries of 637,000, up 33%
Improved revenues and earnings of €4.26 per share were driven by a combination of higher sales volume figures across all regions of the world, particularly in China, and higher selling prices. Helpful effects also came from the sharp rise in prices of used vehicles, causing revenues from the sale of previously leased vehicles to rise, above all in the USA where the Biden Administration economy is soaring. Group revenues grew by 15.2% to €26,778 million (2020: €23,252 million; +18.9% adjusted for currency factors). Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, BMW AG, BMW Group Q1, Ken Zino, Oliver Zipse
Leave a comment
BMW Group – Good Q1 Earnings on Slight Sales Increase
The BMW Group said today in Munich that during Q1 of 2024 it delivered 594,533 automobiles. This means, the company posted a tiny increase of 1.1% compared to the previous year. Throughout the three-month period, the major automotive markets largely showed an upward trend based on pent up demand and increased sales in the mid-price volume segment. Continue reading →