BMW cash to fuel Mini production
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The German car maker BMW announces Â£100m in fresh investment to boost production at its Mini factory in Oxford.
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BMW, the world's largest premium carmaker, posted a 0.5 percent rise in group sales to 94,276 vehicles in January, the company said on Wednesday while forecasting continued growth this year.
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German luxury carmaker BMW will move the production of the X3-series four-wheel-drive vehicle to Germany and the United States in 2010.
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BMW plans to boost sales to more than 2 million cars by 2020, while pushing through cost savings worth 6bn euros.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.
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Germany's BMW , the world's  biggest premium carmaker, said in Sunday it saw no sign of a  slowdown in the United States and aimed to sell at least as  many cars in 2008 here as in 2007.
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Passenger vehicle sales should strengthen nearly 20 percent by the end of the decade to about 70 million vehicles annually, spurred by growth not only in developing markets but in the United States and Europe, the chief executive of BMW AG  said on Monday.
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Detailed information about the next-generation BMW 3 Series was released prematurely this month, but the German luxury carmaker isn't too concerned.
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Loss-making Ford Motor Co.  is  planning to sell Swedish car maker Volvo (VOLVb.ST) and German  carmaker BMW  could be a possible buyer, a Swedish  newspaper said on Monday.
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BMW , the world's biggest premium car maker, will raise its production capacity at its Chinese factory by 45 percent over the next few months to as many as 44,000 cars a year, a top executive said on Thursday.
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Germany's BMW , the world's  biggest luxury carmaker, said on Thursday that sales in Asia  rose 13.8 percent in 2006 to a record 126,949 vehicles and  reiterated its goal to hit sales of 150,000 by next year.
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German luxury car group BMW might set up a fourth passenger car brand in addition to its current BMW, Mini and Rolls-Royce lines, a press report said Thursday.
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Ontario industries may tap into $650 million in funds to develop eco-friendly cars and technologies, provincial government leaders said.  But activists said it was unclear what the environmental outcome would be.
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Smaller engines, lighter vehicles and lots of turbochargers and hybrids should do the trick.
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Passenger vehicle sales should  strengthen nearly 20 percent by the end of the decade to about  70 million vehicles annually, spurred by growth not only in  developing markets but in the United States and Europe, the  chief executive of BMW AG BMWG.DE said on Monday.
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The world&#39;s auto industry that meets this week at the International Motor Show (IAA) is counting on innovation and new models to stand out amidst fierce competition and pressure to preserve the environment.
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German luxury car maker BMW is &amp;quot;on track&amp;quot; to meet its earnings targets for the current business year, according to chairman Helmut Panke.