Last night, we got word that the one of the most awaited BMW cars, the CS Concept, has been canceled due to the financial crisis Europe and U.S is facing. In a press conference, BMW’s CEO, Mr Reithofer, confirmed that … Continue reading

Interesting article I ran across this morning. It seems that the Ms. Klatten ,whom owns a 46% stake in BMW in conjunction with her mother and brother. Has been blackmailed! The 46 yr old Klatten ,who came in at number … Continue reading

BMW sales in October were down 13.9% from last October, to 20,203 units compared to 23,451 the previous year. However, BMW Group’s MINI posted a 56.4% gain to 5,272 cars. As a group, BMW + MINI are only down 5% … Continue reading

We already saw how the economy has affected the markets, from real estate and auto industries, to financial institutions. Long gone are the times when 0% down and “no credit needed” loans were widely offered by lenders and we welcome … Continue reading

Let me start first by showing you an article published in Bloomberg two days ago: German billionaire Stefan Quandt formed a Societas Europaea holding company and may transfer his stake in Bayerische Motoren Werke AG to the new concern, Financial … Continue reading

After the merger between Sirius Satellite and XM Radio, it was expected that many of the XM channels will make their way into the Sirius line-up, and implicitly in our satellite equipped BMWs.  In a bulletin issued to the dealerships … Continue reading

Here is an article from Greenvilleonline. Thanks Palbay! As many as 733 temporary workers at BMW’s Greer plant will be laid off in December as the German automaker begins to feel the effects of the world financial crisis. Job reductions … Continue reading

Johnson Controls-Saft will be providing lithium-ion batteries for BMW’s 7 Series ActiveHybrid car, currently being showcased at the Paris motor show. Lithium-ion batteries are 30 percent smaller and 50 percent lighter than NiMH batteries used in hybrid electric vehicles (HEVs) … Continue reading

It seems that BMW is adding to the list of Plants that are going “Idle” according to Industry Week. Leipzig, Munich, and Regensburg  will be “Idle” Also, Landshut and Dingolfing may be impacted as well.  “Idle” of course being code … Continue reading