Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Bayerische Motoren Werke       DE0005190003

BAYERISCHE MOTOREN WERKE

  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Bayerische Motoren Werke : BMW and Daimler seek 7 billion euros savings from shared platforms - reports

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2019 | 12:50pm EDT
FILE PHOTO: 89th Geneva International Motor Show in Geneva

FRANKFURT (Reuters) - BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros (£5.9 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday.

The two premium carmakers already have a joint procurement programme and recently extended their alliance to include development of advanced driver assistance systems and mobility services.

The talks over whether to cooperate on vehicle platforms could still fall apart, Sueddeutsche and Auto Bild said, without citing sources.

Both companies have acknowledged cooperation talks which include sharing engineering costs for driverless cars, but BMW and Daimler have repeatedly declined to comment on whether their cooperation could include entire vehicle platforms.

BMW's finance chief said in November he was open to deeper collaboration with Daimler but said it was difficult to identify win-win opportunities in the area of shared vehicle platforms.

Auto Bild said Daimler and BMW are in talks over whether to share engineering costs for compact and midsized cars, which are designed to be "electric first," but also have the capability of accommodating conventional powertrains.

BMW and Daimler would save 7 billion euros each, over a period of seven years, Auto Bild said.

Sueddeutsche Zeitung said the companies are seeking more than 7 billion euros in potential savings, and that if larger vehicles were included in the project, savings could be higher.

BMW and Daimler declined to comment.

(Reporting by Edward Taylor; Editing by Alexandra Hudson)

Stocks mentioned in the article
ChangeLast1st jan.
DAIMLER AG -6.89% 47.33 Delayed Quote.10.72%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAYERISCHE MOTOREN WERKE
06:35aGermany's struggling car industry won't see significant rebound - Ifo
RE
05/20BAYERISCHE MOTOREN WERKE AKTIENGESEL : Notification and public disclosure of tra..
EQ
05/17U.S. auto tariffs of 25% could cost German economy 6 billion euros a year - D..
RE
05/17BAYERISCHE MOTOREN WERKE : Ex-dividend day for final dividend
FA
05/16BAYERISCHE MOTOREN WERKE : BMW assures Hungary factory project unaffected by sec..
RE
05/16French ride-hailing app Kapten to launch in London, take on Uber
RE
05/15EIB lends Northvolt 350 million euros for Europe's largest battery project
RE
05/15Germany's Economy Rebounds Despite Darkening Trade Outlook--2nd Update
DJ
05/15German Economy Rebounded in 1Q
DJ
05/14ChargePoint sounds alarm on electric vehicle charging standards
RE
More news
Financials (€)
Sales 2019 98 696 M
EBIT 2019 7 428 M
Net income 2019 5 618 M
Finance 2019 15 475 M
Yield 2019 5,00%
P/E ratio 2019 7,60
P/E ratio 2020 6,43
EV / Sales 2019 0,27x
EV / Sales 2020 0,25x
Capitalization 41 770 M
Chart BAYERISCHE MOTOREN WERKE
Duration : Period :
Bayerische Motoren Werke Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 29
Average target price 77,6 €
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYERISCHE MOTOREN WERKE-1.56%46 563
TOYOTA MOTOR CORP5.16%191 998
VOLKSWAGEN3.87%81 246
DAIMLER AG10.72%60 620
GENERAL MOTORS CORPORATION6.28%50 424
BAYERISCHE MOTOREN WERKE AG-9.15%46 563