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Keyword: bmw

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  • BMW Keeps Its Title as America's Top Auto Exporter by Value

    03/09/2019 5:35:46 PM PST · by nascarnation · 55 replies
    Jalopnik ^ | 3/9/2019 | Patrick George
    BMW announced this week that, according to newly released data from the U.S. Department of Commerce, it again leads America in automotive exports by sales value. This is thanks to the plant in Spartanburg, South Carolina, BMW’s biggest global plant and the producer of most of its X crossovers and SUVs. BMW said the plant—which makes all the X3, X4, X5, X6, X7 models and their M and hybrid versions sold worldwide—exported 234,689 cars abroad in 2018, a value of more than $8.4 billion. BMW said 356,749 SUVs were made there in total.
  • Volkswagen, BMW increased US car sales in 2018

    01/04/2019 1:47:31 PM PST · by Olog-hai · 12 replies
    Deutsche Welle ^ | 01.03.2019 | dv/sms (dpa, Reuters)
    Volkswagen and BMW increased their 2018 car sales in the United States while major American competitors General Motors (GM) and Ford both had declines in new vehicle sales, according to sales reports published on Thursday. Volkswagen sold over 350,000 cars in the US in 2018, a 4.2 percent increase over 2017. It was the company’s second year of sales increases after sales plummeted following the dieselgate scandal, where a US investigation uncovered massive fraud in its diesel emissions reporting. Volkswagen’s boost in sales figures were helped by popular SUVs Tiguan and Atlas. BMW saw an increase of 1.7 percent to...
  • Idle hands in China workshops: foreign carmakers struggle with zombie plants

    12/26/2018 9:08:53 PM PST · by SunkenCiv · 22 replies
    WSJ via EFE ^ | Christmas Day, December 25, 2018 | unattributed
    A downturn in China's car market has wrong-footed some of the world's biggest automakers, saddling them with factories they no longer need and that are costly to retool, according to a report from the Dow Jones Newswires supplied to EFE on Tuesday. Ford Motor, Peugeot and Hyundai Motor especially mistimed recent expansions, opening new plants just as the seemingly unstoppable growth of China's auto market went into reverse.
  • Trump Says China to Cut Tariffs on US-Made Cars in Potential Lift for Tesla, BMW

    12/03/2018 4:40:01 PM PST · by E. Pluribus Unum · 4 replies
    The Epoch Times ^ | December 3, 2018 Updated: December 3, 2018 | al Reuters
    WASHINGTON/SHANGHAI—U.S. President Donald Trump said on Dec. 3, that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China. Trump, fresh from agreeing on a 90-day cease-fire in his trade war with China at the meeting of the G20, said on Twitter that “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.” The move, if realized, would bolster U.S. car manufacturers who were hit hard when China ramped...
  • Men kissing BMW commercial

    10/28/2018 6:24:00 PM PDT · by fhayek · 72 replies
    10/28/18 | vanity
    Watching the World Series, as is my wont. BMW has a commercial pushing senses beyond the normal five...In a rapid-fire montage of random couples kissing, you can catch a split-second shot of two men kissing. I rewound and replayed it several times. Definite homosexuality. Sheesh, not during baseball....
  • Car Dealership Employees Put Engine Coolant In Co-Worker's Water

    09/11/2018 11:53:08 AM PDT · by Red Badger · 82 replies
    wercfm.iheart.com ^ | 09/11/2018 | Staff
    Two people were arrested after authorities said they tried to poison their co-worker at a small BMW dealership in Toronto. Szilard Czippan was charged with attempted murder and administering a noxious substance while Rahim Jaffer is only facing the latter charge. The two men were captured on surveillance cameras taking the water bottle of a manager at the dealership and filling it with engine coolant. When the manager took a sip, he immediately realized that his water had been replaced and he drove to a pharmacy to get a charcoal pill. He then went to the hospital where he was...
  • What the Tariff Battle Means for Auto Plants in South Carolina

    07/10/2018 6:33:11 AM PDT · by reaganaut1 · 35 replies
    Wall Street Journal ^ | July 10, 2018 | William Boston
    BERLIN—President Donald Trump’s trade battle with China is threatening the U.S.’s growing role as an auto exporter. In recent years, BMW AG BMW, Daimler AG DMLRY and China’s Zhejiang Geely Holding’s Volvo Cars have invested billions to expand U.S. factory production with the goal of exporting a significant number of vehicles to China and other markets world-wide. But the tit-for-tat tariffs on U.S.-China trade could prompt the manufacturers to rethink that strategy. On Friday, China raised to 40% its tariff on auto imports from the U.S. as part of a broader retaliation against the Trump administration’s move to impose duties...
  • Trump wants to push German carmakers out of U.S. - German magazine....

    05/31/2018 10:42:54 AM PDT · by caww · 50 replies
    German magazine Wirtschaftswoche said U.S. President Donald Trump aimed to push German carmakers out of the United States, and that he told French President Emmanuel Macron he wanted to stop Mercedes-Benz from cruising through New York. German carmakers control 90 percent of the U.S. premium auto market, with BMW owning the Rolls-Royce and BMW brands while Daimler has Mercedes-Benz and Volkswagen controls Bentley, Bugatti, Porsche and Audi. The Trump administration has opened a trade investigation into whether vehicle imports have damaged the U.S. auto industry. Citing several unnamed European and U.S. diplomats, the magazine said on Thursday that he told...
  • Ford is basically giving up on US car business, and GM is not far behind

    04/26/2018 2:35:14 PM PDT · by Red Badger · 129 replies
    CNBC ^ | 04/26/2018 | Robert Ferris
    Ford's plan to reduce its passenger car lineup to just two models, and GM's difficulty selling passenger cars in the U.S. show how much tastes are drifting toward trucks, SUVs and crossovers. Ford will only update the Focus Active crossover and Mustang for the U.S. market, while GM called out a challenging passenger car environment. ====================================================================================================== So is it really the end of the American car on its home turf? From the way Detroit's major executives are talking, it would seem so. Ford said Wednesday it will only offer two new cars in North America over the coming years —...
  • 'Electric-ish' BMW X5 is a fine ride that could save you some premium fuel

    02/23/2018 10:29:12 AM PST · by gymbeau · 16 replies
    TechnoFile ^ | Feb. 23, 2018 | Jim Bray
    'Electric-ish' BMW X5 is a fine ride that could save you some premium fuel By Jim Bray February 23, 2018 BMW's first SUV - though they refer to it as an SAV - has been given the plug-in hybrid treatment and the result is a large utility (er, Activity, in BMW-speak) vehicle that might even save you some gas money. The X5 xDrive40e is the first plug-in hybrid production model from BMW's core lineup. Starting at an estimated MSRP of $74,950 CAD, before options, it's a darn fine vehicle and equipped well even at that trim level (it's a premium...
  • LAPD spent millions on 'green' electric BMWs used for joyrides to nail salons, day lunches: report

    01/18/2018 1:43:31 PM PST · by Zakeet · 18 replies
    Fox News ^ | January 18, 2018 | Gregg Re
    Two years after the LAPD touted a multimillion-dollar purchase of a fleet of eco-friendly electric BMWS, the vehicles are being used for personal trips to grab lunch and -- in one instance -- a visit to a nail salon, according to a local report. [Snip] A CBS investigative team, which reviewed mileage logs and followed the BMWs when they left LAPD garages, found that officers appeared to have a loose interpretation of those guidelines. One BMW went straight to a Yoshinoya drive-thru and returned to a police station, CBS reported. Another headed for Loyola Marymount University and picked up someone...
  • Trump’s tax gift to corporate Germany

    12/27/2017 7:52:10 AM PST · by GonzoII · 12 replies
    Handelsblatt ^ | Dec 27, 2017 | Ulf Somme
    President Donald Trump’s new tax law spells savings for BMW and other big German companies that produce and sell their products in the United States. Not so for smaller firms. And so there’s a certain irony to the fact that the tax reform bill, signed into law last week, has also given a gift to some of Germany’s larger companies, including its carmakers. The simple reason is that some of these companies already produce a large amount of their goods in the United States....
  • US tax reform promises big income boost for German carmakers

    12/23/2017 8:39:42 PM PST · by Berlin_Freeper · 18 replies
    thelocal.de ^ | December 23, 2017 | AFP
    German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings. The controversial tax overhaul signed into law Friday by billionaire President Donald Trump will slash the US corporate tax rate from 35 percent to 21 percent. As a result, Daimler projected its net income to grow by around 1.7 billion euros ($2 billion) this year. "The reduction of the federal corporate income tax rate... results in an income tax benefit increasing the net income of the group for the year 2017...
  • EU anti-trust investigators raid BMW headquarters in Munich

    10/20/2017 7:58:17 AM PDT · by Olog-hai · 4 replies
    TheLocal.de ^ | 20 October 2017 16:40 CEST+02:00 | AFP
    EU anti-trust regulators have raided the offices of automaker BMW in Munich, the company said, in a fresh blow to the German car industry already hit by the Dieselgate scandal. The European Commission, which refused to confirm the company targeted, said it “can confirm that as of October 16, 2017, its officials carried out an unannounced inspection at the premises of a car manufacturer in Germany.” The inspection was related to “concerns that several German car manufacturers may have violated EU antitrust rules that prohibit cartels and restrictive business practices,” a statement said. The commission added that Daimler was cooperating...
  • Made in America* -- How the U.S. auto industry was built with foreign labor

    08/05/2017 8:27:32 PM PDT · by buckalfa · 48 replies
    CBSNews ^ | July 31, 2017 | Emily Rand
    When Gerald Greiner walked into his first job as a safety manager for Eisenmann Corporation, a subcontractor building the paint shop at the Mercedes plant in Vance Alabama back in 2013, he was surprised to see Eastern Europeans pouring concrete, erecting steel and fitting pipe at the company's expansion project. "There was Polish and Slovenian and Croatian people there it was hard for me to believe because I just didn't understand why they would be here," Greiner told "CBSN On Assignment" correspondent Vladimir Duthiers during an interview at a neighborhood park near Greiner's home in San Jose, California. "The cars...
  • BMW Investing $600 million, 1000 new jobs. (More winning)

    06/26/2017 7:43:56 AM PDT · by neal1960 · 8 replies
    wspa tv ^ | wspa staff
    MAGA!
  • Germany vows legal action if Trump taxes imports

    03/17/2017 8:12:03 AM PDT · by Olog-hai · 18 replies
    TheLocal.de ^ | 17 March 2017 10:22 CET+01:00 | AFP
    Germany could take the United States to court if Washington goes ahead with plans to tax imports, Economy Minister Brigitte Zypries said Friday, hours before Chancellor Angela Merkel’s first meeting with Donald Trump. “I’m betting partly on reason and partly on the courts” to prevent a damaging trade war, Zypries told Deutschlandfunk public radio. The minister’s combative stance comes ahead of Merkel’s first meeting with Trump in Washington and a gathering of G20 finance ministers in Baden-Baden, western Germany, set to be dominated by the US president’s “America First” policy. […] If a US border tax was found to breach...
  • Captains of German industry to accompany Merkel on Trump trip

    03/13/2017 7:38:57 PM PDT · by Berlin_Freeper · 63 replies
    Reuters ^ | March 13, 2017 | Georgina Prodhan
    Bosses of German companies including engineering group Siemens (SIEGn.DE) and carmaker BMW (BMWG.DE) will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters. Faced with Trump's "America First" policy and threats to impose tariffs on imported goods, the captains of industry will stress how many U.S. jobs are tied to "Deutschland AG". Trains-to-turbines group Siemens employs more than 50,000 people in the United States, its single biggest market, where it makes 21 percent of its total revenue, while BMW's South Carolina plant is its largest factory anywhere in the...
  • Trump Threatens German Car Makers With 35 Percent Tax

    01/16/2017 6:46:30 PM PST · by bobk3 · 67 replies
    The Daily Caller ^ | Robert Donachie
    President-elect Donald Trump threatened German car makers with a big border tax of 35 percent for cars imported into the U.S. Trump criticized German auto makers like BMW and Volkswagen for producing the majority of their vehicles in Germany, not the United States. “You can build cars for the United States, but for every car that comes to the USA, you will pay a 35 percent tax,” Trump told German newspaper Bild. If the German firms decide to build factories in Mexico and plan to sell cars to the U.S., “without a 35 percent tax, you can forget that,” Trump...
  • This Badass Kurd Plunged His Bulletproof BMW Into ISIS Snipers to Save 70 Lives

    11/04/2016 3:38:15 PM PDT · by Kaslin · 33 replies
    PJ Media ^ | November 4, 2016 | Bridget Johnson
    Kirkuk Gov. Najmaldin Karim and Peshmerga fighter Ako Rahman (Photo courtesy of Gov. Karim's office) After the ground offensive to retake Mosul from ISIS was launched in mid-October, Islamic State terrorists attacked Kirkuk, Iraq.Nearly 90 civilians and Peshmerga were killed by ISIS in the surprise counterattack Oct. 21, which included suicide bombers and gunmen targeting police stations and a city power plant.But the death toll could have been higher if one Kurd and his armored BMW hadn't stepped in.Ako Rahman, a member of the Peshmerga’s 116th Brigade in Tuz, volunteered to plunge into the fighting to save more than 70...