Turnover: 142.6 billion EUR (2022)

Country: Germany

The BMW automotive group, founded in 1916, specializes in the manufacture of cars and motorcycles, having previously manufactured aircraft. It also manufactures electric motors, and is preparing all its plants for the transition to hybrid and all-electric vehicles.

may 6, 2020 - A loss expected for BMW in the 2nd quarter of 2020 - source(Zonebourse)

  • Negative second quarter expected for 2020 after stable first quarter
  • Number of cars sold down 21% in the first quarter
  • Car sales plummet in March due to pandemic
  • from January to March, BMW net income of 574 million euros, down slightly by 2.4%, and sales up slightly
  • The performance was due to a 1.4 billion euro provision for legal risks in the first quarter of 2019
  • From 5.7 billion euros to invest to 4 billion for 2020

december 14, 2020 - BMW with Mini Rent, car rental - source(Pro L'Argus)

  • 14 distributors
  • Objective: create profit centers for member outlets
  • Utilization of Ucar's IT expertise
  • 20 to 25 vehicles less than 12 months old offered by each member
  • Vehicles equipped with the latest technology
  • Mandatory presence of a 100% dedicated rental employee when the fleet exceeds 20 vehicles

News

BMW to sell its cars without dealerships 30/10/2023

  • The BMW Group has obtained the agreement of its entire European network to convert its dealerships to agent status.
  • The new model will be rolled out gradually, starting with the Mini brand in 2024 and then BMW from 2026.
  • The change of contract concerns 36 investors in France, who own a total of 152 BMW outlets and 122 Mini outlets.
  • From now on, the manufacturer will have to carry the stock and control prices, which will be identical throughout the country.
  • Other competitors such as Renault, Toyota and Hyundai-Kia have opted to retain the current system.

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