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BMW has a rough 100th birthday as share prices slide
Thu, Mar 10 2016BMW is 100 years old now, but falling stock prices are giving the German automaker the birthday blues. Investors are worried about the company's future outlook against luxury rivals, and the shareholders aren't happy about the recent dividend payments, either. According to The Wall Street Journal, BMW's shares dropped almost 2 percent on March 9. Investors have concerns that rivals are closing in. While BMW is in first place, it's not a commanding lead. For example, the German was first in the US luxury market last year with 346,023 deliveries. However, a Polk study found that Lexus actually earned the high-end crown in the US after looking at vehicle registrations rather than sales. BMW performed well last year, including delivering a strong 2.25 million vehicles. Net profits also jumped 10 percent to $7.05 billion, and revenue grew 15 percent, according to the WSJ. However, the shareholders wanted larger dividends after the successful year. The automaker paid out based on a percentage of earnings, but the investors expected more. BMW CEO Harald Kruger has an opportunity to get stockholders back on his side next week when he announces the automaker's new strategy. Expect technology to play a major role in that discussion, including electric vehicles and digital services. We might even see the i5 debut there, according to the WSJ. To be the automotive tech leader of the future, BMW plans to make computer programmers half of its research and development staff. The goal is to develop the most intelligent car on the road. Related Video:
BMW i Collection puts upscale treehugging in the palm of your hand
Sun, 22 Sep 2013If BMW's new i sub-brand sounds more like it belongs to consumer electronics than it does to automobiles, that's probably no mistake. After all, electric vehicles bridge the gap between conventional automobile and electronic gadget - just ask our compatriots over at Engadget that report on them all the time. But to drive the point home even greener, BMW has, together with the new i3, launched a new collection of electronics accessories that make the Bavarian automaker as much a competitor with companies like Belkin or Griffin as it is with Audi or Mercedes-Benz.
The new BMW i Collection includes items like a solar charger for phones and MP3 players, a laptop bag made from felt-like recycled PET plastic and vegetable-tanned leather, and of course the requisite USB dongle. Other items include keyfobs, a shopping bag, notebook and ballpoint pen.
All the items, of course, are designed to extend the i3's upscale tree-hugging image to items you can hold and use while your EV is charging in the driveway. They go on sale starting next month with prices ranging from 15 euros ($20) for the pen or lanyard to 99 euros ($135) for the shopping bag. Details in the press release below and images of the whole collection in the gallery above.
BMW M2 to pack 365 hp
Fri, May 8 2015The BMW M2 was spied testing several times last summer, but there has been little news about the upcoming entry to the M family as of late. More info is finally leaking out though, and it potentially confirms some past reports, while giving a better idea of what the coupe looks like. We have to take any of these leaks with a grain of salt, but according to a user on the 2addicts forum citing insider sources at BMW headquarters, M2 production begins in November. This person also reiterates that the coupe uses BMW's N55 turbocharged 3.0-liter inline-six. In this tune, it would reportedly make 365 horsepower and 343 pound-feet of torque. Plus, an over-boost system would allegedly push twist by about 25 lb-ft at low revs. At launch, this rumor also suggests that BMW might keep the M2's color palette limited to just four choices: Alpine White, Black Sapphire Metallic, Long Beach Blue Metallic and Mineral Grey Metallic. Inside, there're purportedly even fewer hues with the only one being black with blue stitching. Assuming these numbers are accurate, the M2 seems to represent a decent upgrade over the already capable M235i. It also uses a version of the N55 but a version making 320 hp and 330 lb-ft. In addition to the extra grunt, previous spy shots show the M with a front fascia akin to the M3/M4.



