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    BMW   DE0005190003

BAYERISCHE MOTOREN WERKE

(BMW)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Volkswagen, Daimler agree to pay for diesel fixes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2018 | 12:34pm EDT
A fuel tank cap of a diesel car is pictured in Berlin

COLOGNE, Germany/BERLIN (Reuters) - German carmakers agreed to spend up to 3,000 euros ($3,430) per vehicle to help reduce diesel emissions as the government and industry respond to driving bans in major cities.

While Transport Minister Andreas Scheuer and car bosses were hammering out a deal on anti-pollution measures in a five-hour meeting on Thursday, a court ruled that two more German cities, Cologne and Bonn, must impose bans on older diesel vehicles.

Volkswagen and Daimler are prepared to offer hardware retrofits to clean up older diesel vehicles at their own cost, Scheuer said following the meeting, adding that rival BMW was still refusing to do so.

But all three big German carmakers, including VW, were committed to spending up to 3,000 euros for various measures, including trade-in incentives.

Scheuer said they were all keen to press ahead with such incentives, which aim to convince customers to buy newer, cleaner vehicles that have lower emissions and would not be affected by driving bans.

The government has been pushing carmakers to shoulder more of the burden of retrofitting cars, though Germany's auto giants have been reluctant to take on more costs than necessary.

"Volkswagen, Daimler and BMW will make sure their customers can remain mobile," Scheuer told reporters, urging foreign rivals, like Fiat and Peugeot to match the efforts he said the German firms had made.

Scandals involving schemes to conceal the true levels of pollutant emissions from diesel cars has dealt repeated blows to the global reputation of Germany's car industry in recent years.

As the industry leaders were meeting Scheuer, a court in Cologne ordered driving bans in some parts of the city from next April, underlining the stakes for politicians concerned that a lack of progress could trigger deeply unpopular driving bans.

Environmental lobby group DUH had filed complaints against the western state of North Rhine-Westphalia, home to Cologne and Bonn, saying the cities needed to ensure their nitrogen dioxide (NO2) levels stuck to permitted limits and calling for a ban of diesel vehicles in those cities.

"It will cause disruption for the transport infrastructure of the city of Cologne and have a significant impact on residents, commuters and the whole of Cologne," said State Environment Minister Ursula Heinen-Esser.

(Writing by Michelle Martin and Maria Sheahan; Editing by Keith Weir and Alexandra Hudson)

By Matthias Inverardi and Michelle Martin

Stocks mentioned in the article
ChangeLast1st jan.
BAYERISCHE MOTOREN WERKE -2.18% 69.6 Delayed Quote.-1.56%
DAIMLER AG -1.94% 50.5 Delayed Quote.10.00%
FIAT CHRYSLER AUTOMOBILES -2.47% 12.776 End-of-day quote.0.74%
PEUGEOT -2.03% 21.75 Real-time Quote.16.65%
RENAULT -3.68% 57.58 Real-time Quote.5.55%
VOLKSWAGEN -2.66% 139.14 Delayed Quote.0.16%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAYERISCHE MOTOREN WERKE
12:25pBAYERISCHE MOTOREN WERKE : BMW Motorsport News - Issue 08/2019.
PU
03/23PODIUM FOR BMW I ANDRETTI MOTORSPORT : Félix da Costa takes lead in the driver s..
PU
03/22INCREASED ELECTRIC RANGE AND EFFICIE : the new BMW X1 xDrive25Le for the Chinese..
PU
03/22Europe needs private A.I. champion, German minister tells paper
RE
03/22Europe must build world's best batteries to save jobs - German minister
RE
03/21Volkswagen, NorthVolt Team Up on Battery Research -- Update
DJ
03/21Ionity plans 400 electric car charging stations in Europe by end-2020
RE
03/21BMW TATE LIVE EXHIBITION : Anne Imhof. Tate Modern unveils major new work by Ann..
PU
03/21BAYERISCHE MOTOREN WERKE : Perfect timing for the present – the all-new BM..
PU
03/21From California to Oslo - foreign subsidies fuel Norway's e-car boom, for now
RE
More news
Financials (€)
Sales 2019 99 324 M
EBIT 2019 8 909 M
Net income 2019 6 661 M
Finance 2019 17 131 M
Yield 2019 5,29%
P/E ratio 2019 6,80
P/E ratio 2020 6,63
EV / Sales 2019 0,28x
EV / Sales 2020 0,26x
Capitalization 45 295 M
Chart BAYERISCHE MOTOREN WERKE
Duration : Period :
Bayerische Motoren Werke Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAYERISCHE MOTOREN WERKE
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 80,3 €
Spread / Average Target 15%
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%51 183
TOYOTA MOTOR CORP9.27%200 409
VOLKSWAGEN0.16%80 438
DAIMLER AG10.00%61 050
GENERAL MOTORS CORPORATION8.94%51 361
HONDA MOTOR CO LTD9.07%50 314