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

Toyota and BMW have updated their partnership to focus on hydrogen fuel cell vehicles, signing a new Memorandum of Understanding (MoU) to accelerate the development of zero-emission cars. BMW plans to launch its first hydrogen model in 2028.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:07 am

Volkswagen is partnering with Revoltech GmbH to develop sustainable materials from industrial hemp for use in its vehicles by 2028. This initiative aligns with Volkswagen's ACCELERATE strategy for sustainability. The LOVR material, made from hemp, is 100% biological and can be recycled or composted. Other automakers like BMW, Ford, and Mercedes-Benz are also exploring hemp-based materials.

Portfolio Pulse from Nina Zdinjak

September 03, 2024 | 2:33 pm

BMW is recalling over 140,000 Mini Cooper SE electric vehicles globally due to battery overheating risks, with no reported accidents or injuries. This recall is part of a broader trend of safety concerns for BMW, which has recently recalled other vehicles for similar issues. BMW is also working with Toyota to develop fuel cell vehicles.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 10:11 am

European stocks saw marginal gains on Labor Day, with the German DAX index setting a record close. Sanofi, Orange, and Telefonica led gains among large-cap stocks, while Airbus, Adidas, Kering, and BMW lagged. U.S. natural gas futures rose due to high demand, and Blackstone announced a major acquisition.

Portfolio Pulse from Piero Cingari

September 02, 2024 | 7:15 pm

In July, BMW surpassed Tesla in battery-electric vehicle (BEV) registrations in Europe for the first time, with 14,869 units compared to Tesla's 14,561. Despite this, the Tesla Model Y remained the bestselling EV. Overall EV demand in Europe declined, with market share dropping to 13.5% from 14.6% the previous year.

Portfolio Pulse from Anan Ashraf

August 23, 2024 | 5:46 am

BMW is recalling nearly 721,000 vehicles in the U.S. due to potential short circuit risks that could lead to fires. The recall affects both gas and hybrid electric models, including X5, X3, and 2 series convertibles. The issue stems from an improperly sealed electrical connector on the water pump. BMW will inspect and replace parts as needed at no cost to customers.

Portfolio Pulse from Anan Ashraf

August 20, 2024 | 12:13 pm

BMW is recalling over 105,000 vehicles in the U.S. due to fire risks from an overheating starter motor. The recall affects several 2019-2021 models, including the X7, X6, X5, and 8 Series Convertible. BMW will update the vehicle software to prevent electrical overload and mitigate fire risks.

Portfolio Pulse from Anan Ashraf

August 08, 2024 | 11:34 am

A Morgan Stanley survey reveals that Tesla's brand appeal is waning among the younger generation, with a preference for gasoline-powered cars over electric vehicles. The survey also highlights strong loyalty towards Apple products. Tesla's desirability has decreased, while Mercedes-Benz and BMW have gained favor. Tesla and Apple stocks saw slight declines in premarket trading.

Portfolio Pulse from Shanthi Rexaline

August 08, 2024 | 8:17 am

LG Energy Solution and General Motors (GM) are slowing down the construction of their third plant in Michigan due to weak EV demand and potential political shifts in the U.S. The project, initiated in 2022 with a $2.6 billion investment, is being adjusted for flexible operation. GM is also revising its EV production goals, and other Korean battery makers like Samsung SDI and SK On are facing similar challenges, potentially scaling back U.S. investments if political changes occur.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 1:05 pm

Tesla Inc. (NASDAQ:TSLA) saw a 24% drop in car registrations in California in Q2, marking the third consecutive quarter of decline. Increased competition and high interest rates are driving consumers towards hybrid vehicles. CEO Elon Musk's controversial public persona is also affecting Tesla's brand. Competitors like Hyundai, Kia, BMW, Mercedes-Benz, Ford, and Rivian saw sales increases. Tesla's stock has lost over 14% in the last 12 months, but shares are trading slightly higher in premarket.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 12:36 pm

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