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Daimler, BMW, Audi consortium nabs Nokia maps for $2.72B
Wed, Jul 22 2015A consortium of German automakers made up of Daimler, BMW, and Audi has reportedly banded together to buy Nokia's Here mapping division for the equivalent of about $2.7 billion. The particulars of the deal aren't yet official but could be announced at the end of July. Reuters claims that this info comes from anonymous insiders speaking to Manager Magazin in Germany. It might be too soon, however, to declare a buyer. Reuters also spoke to two other insiders, and they said that no deal has been completed yet. None of the firms involved has officially spoken about the negotiations. Some of the other bidders for the division have reportedly bowed out. Here is a high-definition digital mapping company that controls about 70 percent of the auto market. The company has a fleet of vehicles with cameras and LIDAR (pictured above) to generate all of the necessary information. It also partners with trucking companies to use their GPS data. Nokia started looking for potential buyers for Here earlier this year. Tech giants that reportedly included Uber and Apple were rumored to be interested, while German automakers also teamed up to submit a joint bid in part to protect their access to the maps. On paper, Here is only valued at around $785 million, but a sale in the billions now seems assured. Related Video: News Source: ReutersImage Credit: Nokia Here Earnings/Financials Audi BMW Technology here nokia here
BMW recalls 7,200 units of 5 Series for child seat anchors
Tue, Nov 17 2015BMW will recall 7,162 examples of the 2016 5 Series sedan in the US because of a potential danger for involving child seat anchors. The campaign covers much of the model range including the 528i, 528i xDrive, 535d, 535d xDrive, 535i, 535i xDrive, 550i, 550i xDrive, and M5. During a vehicle audit at the factory, BMW discovered a downward bend in the inboard lower anchor for child seats on the left rear seat, according to a chronology from the National Highway Traffic Safety Administration (as a PDF). The issue made it very difficult or in some cases impossible for the seat to latch correctly, and the fault also ran afoul of federal rules in the US. However, the company says that it has no reports of accidents or injuries from this problem. The campaign to fix the issue will begin December 24. Dealers will inspect the anchor on these models and will repair any bent examples. RECALL Subject : Bent Left Rear Seat Inboard Anchor/FMVSS 225 Report Receipt Date: OCT 30, 2015 NHTSA Campaign Number: 15V718000 Component(s): CHILD SEAT , SEATS Potential Number of Units Affected: 7,162 All Products Associated with this Recall Vehicle Make Model Model Year(s) BMW 528I 2016 BMW 535D 2016 BMW 535I 2016 BMW 550I 2016 BMW M5 2016 Details Manufacturer: BMW of North America, LLC SUMMARY: BMW of North America, LLC (BMW) is recalling certain model year 2016 528i, 528i xDrive, 535i, 535i xDrive, 535d xDrive, M5, 550i, 550i xDrive, and 535d sedans. The affected vehicles have an inboard lower anchor for child restraints on the left rear seat that may have been bent downwards, preventing the child seat from fully engaging both lower anchors. As such, these vehicles may fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 225, "Child Restraint Anchorage Systems." CONSEQUENCE: If the child seat is not properly attached to the lower anchors, it can increase the child's risk of injury in the event of a crash. REMEDY: BMW will notify owners, and dealers will inspect and, if necessary, repair the inboard lower anchor on the left rear seat, free of charge. The recall is expected to begin December 24, 2015. Owners may contact BMW customer service at 1-800-525-7417. NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.
Mercedes says it's tops in luxury sales for 2012, not BMW
Tue, 19 Feb 2013It turns out that Mercedes-Benz North America has legitimate claim to being the top selling luxury nameplate in the US in 2012.
While sources such as Autodata had put BMW in the top spot, registration data from R.L. Polk shows that Mercedes customers registering new vehicles topped the Bavarian automaker in the most recent calendar year. Polk says Benz posted 274,123 registrations, compared with BMW's 268,498.
In terms of sales posted, BMW had bested Benz 281,460 to 274,134. But sales are recorded somewhat inconsistently from automaker to automaker. Some book the sales as soon as they are shipped from factory to dealer. There is perennial gamesmanship between the two German rivals, and the sales numbers suggest that BMW pushed out some extra sheetmetal to dealers in the last four weeks of the year.