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    BMW   DE0005190003

BMW AG

(BMW)
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Real-time Estimate Tradegate  -  03:59 2022-09-26 pm EDT
72.12 EUR   +1.03%
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BMW confirms fatal crash, says car wasn't self-driving

08/16/2022 | 07:38am EDT
FILE PHOTO: The logo of German car manufacturer BMW is seen at the company headquarters in Munich

BERLIN (Reuters) - A fatal crash involving four vehicles on a German highway did not involve a self-driving car, BMW said on Tuesday, refuting a police statement that had questioned whether the driver had been actively steering the vehicle at the time.

A fully electric BMW iX car veered onto the opposite lane of the B28 federal road near the south-western town of Roemerstein on Monday, crashing into two other vehicles and indirectly causing another collision, police said in a statement.

A 33-year-old woman was killed and nine other people, including the 43-year-old driver of the BMW and his 18-month-old passenger, were seriously injured.

Traffic police have launched an investigation into the cause of the incident, which police said involved an autonomous test vehicle.

BMW confirmed that the crash had involved one of its models but said the car in question had no self-driving capabilities.

The vehicle is equipped with Level 2 driver assistance systems, in which case "the driver always remains responsible", a spokesperson said in an emailed statement.

Such systems can brake automatically, accelerate and, unlike Level 1 systems, take over steering, according to BMW's website.

The carmaker said it was in close contact with the authorities to establish the exact circumstances of the crash.

(Reporting by Christina Amman, Writing by Rachel More; Editing by Miranda Murray and Emelia Sithole-Matarise)


© Reuters 2022
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Analyst Recommendations on BMW AG
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Financials
Sales 2022 133 B 129 B 129 B
Net income 2022 14 561 M 14 047 M 14 047 M
Net cash 2022 26 074 M 25 153 M 25 153 M
P/E ratio 2022 3,14x
Yield 2022 10,2%
Capitalization 47 000 M 45 340 M 45 340 M
EV / Sales 2022 0,16x
EV / Sales 2023 0,14x
Nbr of Employees 118 909
Free-Float 57,5%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 72,16 €
Average target price 103,86 €
Spread / Average Target 43,9%
EPS Revisions
Managers and Directors
Oliver Zipse Senior VP-Corporate Planning & Product Strategy
Nicolas Peter Group Leader-Corporate Finance
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Chairman-General Works Council
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