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    BMW   DE0005190003

BMW AG

(BMW)
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Real-time Estimate Tradegate  -  03:59 2022-12-06 pm EST
84.86 EUR   -1.17%
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Germany: 1 dead after self-driving BMW veers into traffic

08/16/2022 | 05:16am EST

BERLIN (AP) — Police in Germany said Tuesday that one person has died and nine were seriously injured after a self-driving test car veered into oncoming traffic, triggering a series of collisions involving four vehicles Monday afternoon.

A spokesman for police in the southwestern town of Reutlingen said the electric BMW iX with five people on board, including a young child, swerved out of its lane at a bend in the road and into incoming traffic, brushing an oncoming Citroen.

The BMW then hit a Mercedes-Benz van head-on, resulting in the death of a 33-year-old passenger in that vehicle.

Meanwhile, the 70-year-old driver of the Citroen lost control of her car and crashed into another vehicle with two people on board, pushing it off the road and causing it to burst into flames.

Reutlingen police spokesman Michael Schaal said four rescue helicopters were involved in the medical response and the injured were taken to several hospitals in the region. They included the 43-year-old driver of the BMW, three adults aged 31, 42 and 47, and a 18-month-old child who were all in the test vehicle.

Schaal said police hadn't yet had an opportunity to interview those involved in the crash. It was unclear whether the 43-year-old driver at the wheel of the BMW test car was actively steering the vehicle at the time of the crash or whether it was traveling autonomously, he said.

BMW didn't immediately respond to a request for comment.

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on BMW AG
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Financials
Sales 2022 138 B 145 B 145 B
Net income 2022 16 989 M 17 872 M 17 872 M
Net cash 2022 24 965 M 26 263 M 26 263 M
P/E ratio 2022 3,35x
Yield 2022 8,92%
Capitalization 55 028 M 57 888 M 57 888 M
EV / Sales 2022 0,22x
EV / Sales 2023 0,20x
Nbr of Employees 118 909
Free-Float 57,3%
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Technical analysis trends BMW AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 85,19 €
Average target price 98,47 €
Spread / Average Target 15,6%
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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