The billion-euro profit of BMW also pays off for the major shareholders Stefan Quandt and Susanne Klatten. The siblings get a generous payout. The workforce also benefits. Susanne Klatten, Stefan Quandt Wednesday, 21.03.2018 14:27 The siblings Stefan Quandt and Susanne Klatten received from BMW shortly 1.1 billion euros in the account. Background: The car company… Continue reading Quandt heirs receive a billion euro dividend
Tag: BMW
German prosecutors register BMW headquarters on suspicion of handling emissions
Posted 3/3/2018 6:24:58 PM MUNICH (GERMANY), Mar. 20 (Reuters / EP) – German prosecutors have registered on Tuesday BMW headquarters in Munich on suspicion that the car firm used an “illegal” software capable of manipulating the levels of emissions of their vehicles. Nearly 100 policemen and law enforcement agents recorded the German manufacturer’s facilities in… Continue reading German prosecutors register BMW headquarters on suspicion of handling emissions
BMW Group statement concerning the ongoing investigation by the public prosecutor’s office Munich
Munich. The BMW Group confirms that the Munich public prosecutor has opened an investigation regarding a software update which has been mistakenly allocated to around 11,400 BMW 750d and BMW M550d vehicles. On 20 March, employees of the prosecutor’s office searched two BMW Group locations in connection with the investigation. As previously communicated, in the… Continue reading BMW Group statement concerning the ongoing investigation by the public prosecutor’s office Munich
UPDATE 1-BMW searched by German police in emissions swoop
FRANKFURT/MUNICH (Reuters) – BMW’s headquarters were raided on Tuesday by German prosecutors investigating the suspected use of illegal emissions control software capable of manipulating exhaust levels. A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst About 100… Continue reading UPDATE 1-BMW searched by German police in emissions swoop
Blackmore Sensors and Analytics Raises $18 Million Series B Financing Round to Scale Automotive Lidar Solution
BOZEMAN, Mont., March 20, 2018 /PRNewswire/ — Blackmore Sensors and Analytics, Inc., a leading developer of frequency-modulated continuous wave (FMCW) lidar for the automotive industry, announced today that it has raised $18 million in a Series B funding round led by BMW i Ventures. Additional investment comes from Toyota AI Ventures, Millennium Technology Value Partners… Continue reading Blackmore Sensors and Analytics Raises $18 Million Series B Financing Round to Scale Automotive Lidar Solution
Public prosecutor’s office searches BMW headquarters
The prosecution has searched the BMW headquarters and initiated investigations into suspected fraud. Approximately 11,400 diesel cars should have been specifically equipped with incorrect exhaust gas software. BMW denies that. BMW headquarters in Munich Tuesday, 20.03.2018 4:00 pm The Munich public prosecutor has the BMW headquarters in Munich because of the initial suspicion of inadmissible… Continue reading Public prosecutor’s office searches BMW headquarters
Desktop Metal close new financing round with Ford
Desktop Metal, a 3D printer manufacturer, has received $65 Million in a new funding round led by Ford. The latest financing round follows a successful 2017 for the Burlington Massachusetts based company and brings total funding to $277 Million. In June 2017 the closure of a series D finance round brought unicorn status to the… Continue reading Desktop Metal close new financing round with Ford
Adaptation to new fuel consumption and emissions tests: BMW takes 7th in Europe for year from the offer
All articles and backgrounds 03/19/2018 Adaptation to new fuel consumption and exhaust emissions tests BMW takes 7 Series in Europe for a year from the offer BMW 7 Series: BMW wants to suspend the production of its flagship in the gasoline version in Europe but also the other models temporarily In view of future new… Continue reading Adaptation to new fuel consumption and emissions tests: BMW takes 7th in Europe for year from the offer
BMW Group publishes Sustainable Value Report 2017: “For us, sustainability means future viability.”
Munich . The BMW Group made significant progress in shaping sustainable mobility in 2017. For the first time, the company sold more than 100,000 electrified vehicles in a single year. Although the percentage of diesel vehicles in Europe decreased, fleet consumption was further reduced – to an average of 122 grams per kilometre. As part… Continue reading BMW Group publishes Sustainable Value Report 2017: “For us, sustainability means future viability.”
Press Releases – Brexit: EU auto makers call for urgent action to solve sector-specific issues
Brussels, 19 March 2018 – Just a few days ahead of the EU summit, where the 27 heads of state are set to approve the European Council’s Brexit guidelines, the European Automobile Manufacturers’ Association (ACEA) is calling on the negotiators to pay urgent attention to sector-specific issues in order to avert potentially disastrous implications on… Continue reading Press Releases – Brexit: EU auto makers call for urgent action to solve sector-specific issues