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BMW Group confirms adjusted full year guidance

Wed Nov 06 15:57:00 CET 2024Press Release

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+++ Looking ahead after extraordinary challenges in Q3. +++ Significant BEV growth, with a sales share of 19.1% in Q3. +++ BMW brand increases sales volume in Europe as of September: +7.6%, leading position expanded. +++ BMW sales and market share stable in the US. +++ Significant inventory reduction planned in Q4 – forecast auto free cash flow confirmed. +++ Zipse: “Securing short-term earnings and long-term success” +++

Finance, Facts, Figures
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Corporate

MINI USA ANNOUNCES EXECUTIVE CHANGES.

Fri Oct 25 17:48:00 CEST 2024Press Release

Woodcliff Lake, NJ – October 25, 2024 – MINI USA announced today that Kate Alini will assume the role of Department Manager of Marketing, Product, and Strategy for MINI USA effective January 1, 2025. In this role Alini will lead all aspects of marketing, product planning, and strategy development for the MINI brand in the United States, reporting to Mike Peyton, Vice President, MINI of the Americas. Alini succeeds Patrick McKenna who is retiring following ...

Corporate

BMW of North America Announces Executive Changes.

Fri Oct 25 17:47:00 CEST 2024Press Release

Woodcliff Lake, NJ – October 25, 2024…. BMW of North America announced today changes to its regional leadership team. Tom Shanley will assume the role of Vice President, Eastern Region succeeding Aksel Krieger, who moves to BMW Group Financial Services North America to become Vice President, Sales and Marketing. Martin Fritsches moves to BMW of North America as Vice President, Western Region from Rolls-Royce Motor Cars North America, succeeding Shanley.

Corporate

BMW Group Financial Services North America Announces Executive Changes.

Fri Oct 25 17:46:00 CEST 2024Press Release

Woodcliff Lake, NJ – October 25, 2024…. BMW Group Financial Services North America announced today that Aksel Krieger will assume the role of Vice President, Sales and Marketing, succeeding Charles Silva who will leave the company at the end of November after 32 years of service. Krieger joins the BMW Group Financial Services organization from BMW of North America where he was the Vice President of the company’s Eastern Region operations since 2022. Over ...

Corporate

BMW Group in the U.S. Donates $1 Million To American Red Cross For Hurricane Relief.

Wed Oct 16 20:56:00 CEST 2024Press Release

Spartanburg, S.C. – The BMW Group in the U.S. has pledged a donation of $1 million to the American Red Cross Disaster Relief Fund to support in the recovery efforts after the devastation caused by Hurricane Helene. Catastrophic winds and rain hit the southeast, including the Carolinas, causing widespread damage and historic flooding. Roads were destroyed by the floods, and landslides left entire communities completely isolated from outside aid for days. ...

Corporate
 

BMW of North America Continues Partnership with The Nantucket Project.

Mon Sep 30 15:55:00 CEST 2024Press Release

Nantucket, MA – September 26, 2024… BMW of North America is back on the island of Nantucket this weekend in support of the twelfth annual Nantucket Project as prolific thought leaders from across the globe come together to reimagine solutions for a range of complex challenges facing humanity today. As Official Automotive Partner of The Nantucket Project, the company will once again provide a full lineup of vehicles for guests to enjoy including the 100% ...

G70
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BMW i
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BMW i7
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Corporate
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Sustainability

BMW Group Returns as Official Partner of Climate Week NYC 2024, Announces Full Slate of Programming for September 24.

Fri Sep 20 15:00:00 CEST 2024Press Release

Woodcliff Lake, NJ – September 20, 2024… The BMW Group announced today its plans for Climate Week NYC 2024, one of the largest annual climate events of its kind. As an Official Partner of Climate Week NYC, the company is bringing industries and experts together to facilitate a critical idea exchange on decarbonization on a global stage and share new low-emission technologies and innovations.

Society
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Sustainability

BMW of North America and Redwood Materials Establish Partnership to Recycle Lithium-Ion Batteries.

Thu Sep 19 13:00:00 CEST 2024Press Release

Woodcliff Lake, NJ & Reno, NV -- September 19, 2024… BMW of North America and Redwood Materials announced today a partnership to recycle lithium-ion batteries from all electric, plug-in hybrid-electric, and mild hybrid BMW, MINI, Rolls-Royce, and BMW Motorrad vehicles in the U.S. The partnership demonstrates a shared commitment to sustainability, and is the next step towards creating a closed-loop circular value chain for lithium-ion batteries in the U.S.

Technology
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Corporate
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Sustainability
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Production, Recycling

BMW Group continues profitability course in a volatile environment

Thu Aug 01 16:37:00 CEST 2024Press Release

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BMW brand achieves sales growth of 2.3% in HY1 –double-digit growth for models in upper price segment ++ BMW BEV deliveries climb 34% to over 179,500 units in first half-year ++ Profitability targets exceeded: Group EBT margin of 10.9% for HY1 ++ Automotive EBIT margin at 8.6% in HY1 ++ Financial Services: New business posts significant growth ++ Zipse: “Delivering high profitability in target corridor for past ten quarters” ++ Outlook for 2024 confirmed

Finance, Facts, Figures
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Corporate
 

BMW of North America Announces New Executive Appointment.

Fri Jun 28 14:30:00 CEST 2024Press Release

Woodcliff Lake, NJ – June 28, 2024…. BMW of North America announced today a change to its executive management team with the appointment of Andreas Kindler as the company’s next Executive Vice President and Chief Financial Officer, effective August 1, 2024. Kindler replaces Raymond Wittmann who returns to BMW Group headquarters in Munich to lead the corporate strategy division.

Corporate
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Human Resources

BMW Manufacturing Opens First Press Shop in North America, Unveils Fourth-Generation BMW X3.

Fri Jun 21 17:45:00 CEST 2024Press Release

Spartanburg, S.C. – Celebrating its 30th anniversary of assembling BMWs for the world, BMW Manufacturing today opened its state-of-the-art press shop as it prepares to assemble the new BMW X3 Sports Activity Vehicle at the Spartanburg, South Carolina, plant. The press shop will stamp sheet metal parts for the new BMW X3, which made its North American debut during the ceremony. These components include hang-on parts such as the vehicle’s four doors, ...

Corporate
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Plants, Facilities
 

BMW of North America U.S. Corporate Communications Changes.

Wed Jun 05 19:00:00 CEST 2024Press Release

Woodcliff Lake, NJ – June 5, 2024… Manfred Grunert, Vice President, Government Affairs and Communications, Americas, is pleased to announce the following changes within the BMW of North America Corporate Communications team, effective June 1, 2024.

Corporate
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Human Resources
 

The BMW Concept Skytop.

Fri May 24 21:30:00 CEST 2024Press Release

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Woodcliff Lake, NJ – May 24, 2024…With the BMW Concept Skytop design study, BMW is once again bringing an exceptionally elegant, one-of-a-kind vehicle to this year’s Concorso d’Eleganza Villa d’Este, the annual gathering of historic cars and motorcycles held on the shores of Lake Como. The open two-seater resembles a meticulously crafted vehicle sculpture, with a flowing, sporty elegance that complements its athletic, muscular stance. The interior and ...

BMW Group Design
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Corporate
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BMW Design
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Design issues, Concepts and Studies
 

Julie Mehretu’s BMW Art Car Celebrates its World Premiere at the Centre Pompidou in Paris.

Tue May 21 20:00:00 CEST 2024Press Release

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Paris – May 21, 2024… The 20th BMW Art Car is being presented to the public for the first time today at the Centre Pompidou in Paris. Designed by renowned New York-based contemporary artist Julie Mehretu, the project transforms the BMW M Hybrid V8 racecar into a performative work of art, continuing a longstanding tradition of BMW Art Cars and competitive racing. Just a few weeks after its World Premiere in the French capital, the newest edition in the ...

Corporate
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Cultural Issues
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Art Car
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