BMW Share News

German carmaker BMW has cancelled a 2 billion euros ($2.15 billion) order for battery cells for its electric vehicles with Northvolt, business daily Handelsblatt reported on Thursday, saying the Swedish company could not deliver on time.

BMW's all-electric Mini made in China is set to be hit by the highest EV tariff of 38.1% under the EU's provisional plans, a source familiar with the matter said on Friday, a potential terminal blow for the mid-range car's sales prospects.

The European Commission will apply additional duties of up to 38.1% on imported China-made electric cars from July, a move that Beijing is likely to retaliate against.

The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars.

BMW has outperformed the S&P 500 with a 48% total return since my last article, and I've remained at a "BUY" stance for the company. BMW remains a strong investment with solid profitability and growth in BEV sales. Q1 2024 was no different, and I see strong potential in the company. Upside potential for BMW with a PT of €115/share and a 17-25% annual return forecasted.

The chair of the Senate Finance Committee on Monday said he was expanding its probe into German automaker BMW's use of electronic components from a banned Chinese supplier.

NEW YORK, NY / ACCESSWIRE / June 6, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bayerische Motoren Werke AG ("BMW" or "the Company") (OTC PINK:BMWYY). Investors who purchased BMW securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMWYY.

NEW YORK, NY / ACCESSWIRE / June 5, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bayerische Motoren Werke AG ("BMW" or "the Company") (OTC PINK:BMWYY). Investors who purchased BMW securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMWYY.