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BMW stuck in reverse

Business | Automobile
2009-11-4

GERMAN car maker BMW AG said yesterday its net income fell 74 percent in the third quarter as it continued to be affected by the global economic downturn. BMW, the world's biggest luxury car company by sales,...

Training center

Business | Automobile
2009-5-12

FACING heated market competition and expanding dealer network, BMW AG yesterday opened its biggest training center in Asia. The BMW Training Center Shanghai has 100 million yuan (US$14.6 million) invested in the...

BMW axes 850 jobs at Mini factory

Business | Automobile
2009-2-17

GERMAN car manufacturer BMW AG is cutting about 850 jobs at its Mini plant in Oxford, central England, as it scales back production in the wake of falling demand. The company, which last year produced 235,000...

Sliding US sales pull down BMW revenue by 4.3%

Business | Automobile
2009-1-9

GERMANY'S BMW AG reported in Berlin today a 4.3 percent decrease in sales for 2008, attributing the fall to the global economic crisis and increased reluctance among consumers to make big purchases. The automaker...

BMW offers loans to drive up sales after demand falls

Business | Automobile
2008-9-10

BMW AG yesterday announced that it has begun offering interest-free loans to its customers in China in a bid to help boost sales after weak domestic demand resulted in a drop in year-on-year sales in August for the...

BMW city launch

Business | Automobile
2008-6-19

BMW AG has launched its 1 Series models in Shanghai, underscoring its efforts to broaden the product mix to boost sales. The BMW 1 Series luxury sports hatchback is sold by its authorized dealer Shanghai Debao Motor...

BMW to source car parts from China

Business | Automobile
2008-3-19

BMW AG said it will increase sourcing from China as part of moves to offset soaring costs of raw materials. The world's largest luxury car maker plans to buy 4.4 billion yuan (US$619 million) worth of spare parts...

Brilliance beats sales forecast

Business | Automobile
2008-1-2

BRILLIANCE China Automotive Holdings Ltd said it earned a profit last year as new models helped boost sales. The Chinese partner of BMW AG sold 300,369 cars last year, beating an earlier forecast of 280,000 units,...

BMW job cuts

Business | Automobile
2007-12-22

AUTO maker BMW AG said yesterday that it plans to cut thousands of jobs in 2008 as it moves to reduce costs. Daniel Schmidt, a spokesman at the Munich-based company, did not say exactly how many jobs would be cut,...

BMW sales increase

Business | Automobile
2007-10-9

GROUP sales at German auto maker BMW AG were up 7.4 percent in September over the same month last year, the company said yesterday. Overall group sales rose to 141,952 cars for September, which ended the third...