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BMW, Toyota warn about Chinese market slowing down

BMW and Toyota are the latest automakers to become concerned about the closing throttle on the once rapidly accelerating vehicle market in China. There might be drastic effects on their ledgers at the end of the year. With the Chinese stock market no longer looking so healthy, the people just aren't buying as many new cars as in the past. Things got really bad in June after the first drop in deliveries in two years. BMW has already reduced Chinese production by 16,000 units so far this year. Despite the slowdown, the company has kept a brave face. "We experience that volatility in all emerging markets," BMW CEO Harald Krueger said in a conference call, according to Automotive News. The problem for Toyota is a bit stranger. Through July, the automaker's Chinese deliveries were actually up 12 percent. However, the gain was offset by falling sales prices. "This is making our business in China quite difficult. The business environment is getting tougher," Toyota Managing Officer Tetsuya Otake said, Automotive News reported. Much of the weakness in China has come in the middle part of the year, and from January through June deliveries were still up 8.4 percent. This means the effects haven't hit the financial results of some automakers too hard quite yet. In the second quarter, General Motors referenced the "challenging conditions" there but still posted a growing net income of $1.1 billion. Despite falling global sales, Toyota managed record income for the quarter, too.

BMW has a rough 100th birthday as share prices slide

BMW 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 showing all eight of its 'hommage' vehicles at Villa d'Este

BMW is paying a tribute of sorts to its tribute vehicles by bringing together all eight "hommage" concept vehicles for the first time. BMW will exhibit its hommage cars and bikes at the Concorso d'Eleganza Villa d'Este, which takes place near Italy's Lake Como this weekend. The vehicles will be shown off in the Padiglione Centrale at Villa Erba as part of BMW's "The Next 100 Years" campaign. BMW's first tribute vehicle was 1997's MINI ACV (Anniversary Concept Vehicle) 30, a two-seat, mid-engined, right-hand-drive car that the automaker produced to pay tribute to the UK brand's past while hinting at what BMW would subsequently do with the iconic badge. The automaker followed with its BMW Concept Coupe Mille Miglia in 2006, and then officially started grouping the concept cars in 2008 under the hommage designation with the introduction of the BMW M1 Hommage. That car marked the 30th anniversary of the original BMW M1. View 17 Photos Since then, there have been the BMW 328 Hommage (2011), the BMW Concept Ninety motorcycle (2013), and the BMW 3.0 CSL Hommage (2015). In addition to paying tribute to the iconic 1970s-era coupe, last year's concept car showed off advances the company has made in its light-weighting efforts. This year, BMW is adding the BMW 2002 and BMW Motorrad R 5 Hommage to the party. The Concorso d'Eleganza Villa d'Este also features about 50 historic cars built between the 1920s and 1980s. For more information from BMW, take a look at the press release below. Tradition as inspiration. The BMW Group's Hommage vehicles come together for the first time at the Concorso d'Eleganza Villa d'Este 2016. Munich/Cernobbio. With BMW's centenary headline "The Next 100 Years" in mind, the BMW Group is bringing together, for the first time, the full line-up of Hommage vehicles unveiled over recent years. They will be joined on display at a special exhibition titled "Hommage and Concept Vehicles" in the Padiglione Centrale at Villa Erba by the models from the past that inspired them. Munich/Cernobbio. With BMW's centenary headline "The Next 100 Years" in mind, the BMW Group is bringing together, for the first time, the full line-up of Hommage vehicles unveiled over recent years. They will be joined on display at a special exhibition titled "Hommage and Concept Vehicles" in the Padiglione Centrale at Villa Erba by the models from the past that inspired them.