Streetbeat News

BMWYY

Bayerische Motoren Werke AG

https://www.bmwgroup.com/

Open

29.25

Mkt cap

55B

Volume

31K

High

29.28

P/E Ratio

4.74

52-wk high

41.65

Low

29.01

Div yield

0.08

52-wk low

25.15

Bayerische Motoren Werke Aktiengesellschaft (BMWYY) held its Q3 2024 earnings call, featuring CEO Oliver Zipse and CFO Walter Mertl. The call included participation from major financial institutions such as Goldman Sachs, Deutsche Bank, and Bank of America.

Portfolio Pulse from

November 06, 2024 | 7:30 pm

Tesla is set to unveil its latest model at the 'We, Robot' event, while Nissan joins BMW, Ford, and Honda in the ChargeScape joint venture to optimize EV charging. Worksport is launching new clean energy products, aiming for revenue growth and market expansion.

Portfolio Pulse from Upwallstreet

October 07, 2024 | 11:00 pm

German recession fears rise as factory orders drop significantly in August, leading to concerns about Europe's largest economy. The decline in orders, especially in capital and intermediate goods, and souring business sentiment contribute to a bleak economic outlook. The DAX index fell following the news, and major German automakers like Volkswagen, Mercedes-Benz, and BMW face challenges amid increased competition and trade tensions.

Portfolio Pulse from European Capital Insights

October 07, 2024 | 3:04 pm

Germany is set to oppose EU tariffs on Chinese EVs, influenced by industry leaders and labor unions. This decision could impact international trade, especially for German carmakers with significant sales in China. Tesla's expansion in Germany highlights its growing presence in the European EV market.

Portfolio Pulse from Kaustubh Bagalkote

October 04, 2024 | 3:34 am

The European Union is considering final tariffs on Chinese electric vehicle (EV) makers to protect its own automobile industry. However, this move could lead to a trade war with China, affecting EU's export-dependent companies and critical raw material supplies. Automakers like BMW and Volkswagen have warned against these tariffs, fearing retaliatory measures from China. The EU remains dependent on China for essential raw materials, complicating the situation.

Portfolio Pulse from European Capital Insights

October 02, 2024 | 2:56 pm

Tesla and Chinese EV startups are leading in the software race for electric vehicles, outpacing traditional automakers like Toyota and Volkswagen. Despite challenges such as U.S. sanctions and a domestic price war, Chinese EV companies remain competitive. Tesla's stock has seen a slight increase over the past year.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 4:23 pm

Volkswagen and other European automakers like BMW, Mercedes-Benz, Stellantis, and Renault are facing significant challenges, including underutilized factories and competition from Chinese EV makers like BYD. Volkswagen is considering plant closures, and Stellantis is halting production of its electric Fiat 500e due to declining demand. The European auto industry is struggling to compete with Chinese automakers, who are planning to establish factories in Europe to avoid tariffs.

Portfolio Pulse from Upwallstreet

September 20, 2024 | 2:06 pm

Ford, BMW, and Honda have launched ChargeScape, a joint venture aimed at integrating electric vehicles with the power grid to stabilize it and reduce charging costs. This initiative is expected to transform EVs into assets for the grid, with Ford's shares trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 4:33 pm

BMW AG has revised its 2024 financial outlook due to a slump in global sales and technical issues affecting 1.5 million vehicles. The company expects a slight decrease in deliveries, an EBIT margin between 6% and 7%, and a RoCE between 11% and 13%. The Free-Cash-Flow in the Automotive Segment is anticipated to be above €4 billion. The full quarterly results will be published on Nov. 6, 2024.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 1:10 pm

Major automakers like Volkswagen, BMW, and Ford are exploring the use of hemp in vehicle manufacturing to enhance sustainability and reduce carbon emissions. This initiative aligns with the growing demand for eco-friendly products.

Portfolio Pulse from El Planteo

September 05, 2024 | 3:21 pm

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