Trends - BMW - Business Recorder

BMW

BMW boosts earnings with higher-priced and electric cars

BERLIN: BMW reported a higher third-quarter margin in its core cars business on Friday, striking a more optimistic...

Published 03 Nov, 2023 01:52pm

Business & Finance

Tesla, suppliers to invest $15bn in Mexico factory

MEXICO CITY: A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over...

Published 12 Sep, 2023 09:52am

Business & Finance

BMW to make ‘multi-million’ pound investment in UK plants: govt

LONDON: German car giant BMW is to make a multi-million pound investment in its Mini plants in the UK, the...

Published 11 Sep, 2023 11:54am

Sports

Scheffler and Fitzpatrick share lead at BMW Championship

OLYMPIA FIELDS: Top-ranked Scottie Scheffler and 2022 US Open champion Matthew Fitzpatrick each reeled off three...

Published 20 Aug, 2023 12:19pm

Business & Finance

BMW forecasts growth in Europe, warns supply chain issues remain

BERLIN: BMW on Thursday forecast growth in the European automotive market, robust sales in the United States and...

Published 03 Aug, 2023 12:17pm

Business & Finance

BMW raises 2023 outlook on strong orders

FRANKFURT: German automaker BMW on Tuesday lifted its 2023 earnings forecast on the back of higher orders and “an...

Published 01 Aug, 2023 01:41pm

Technology

Global automakers scramble to reset China strategies as sales slow

SHANGHAI: For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding...

Published 28 Jul, 2023 11:09am

Business & Finance

BMW cars business gets earnings boost from price hikes

BERLIN: BMW reported a higher earnings margin for its cars segment on Thursday, with a rise to 12.1% in the first...

Published 04 May, 2023 12:59pm

Business & Finance

BMW expects slight growth in China sales this year

SHANGHAI: BMW expects slight growth in sales for its Chinese market this year, Chairman Oliver Zipse said at the...

Published 18 Apr, 2023 11:57am

Business & Finance

BMW promises stable prices, sees 8-10% auto margin in 2023

BERLIN: BMW forecast on Wednesday an 8-10% margin for its autos segment in 2023 and said it plans to keep prices at...

Published 15 Mar, 2023 02:33pm

Business & Finance

BMW earnings lag some estimates, names new finance chief

BERLIN: BMW reported a 12% rise in fourth-quarter earnings on Thursday that lagged some analysts’ expectations,...

Published 13 Mar, 2023 06:15am

Business & Finance

VW joins e-car price war as global rivalry heats up

FRANKFURT: German giant Volkswagen is set to follow Tesla’s lead with a high-profile price drop as the battle for...

Published 12 Mar, 2023 11:20am

Business & Finance

BMW profits soar in 2022 despite supply chain woes

FRANKFURT: German automaker BMW reported a sharp increase in annual profits for 2022, as higher prices for luxury...

Published 09 Mar, 2023 06:29pm

Business & Finance

BMW evaluates more EVs for India amid growing demand

BENGALURU: BMW is evaluating the launch of more battery electric vehicles (EVs) in India, amid growing demand from...

Published 31 Jan, 2023 08:51pm

Business & Finance

Dewan Motors displays ‘BMW’s first-ever electric premium Sedan i7’

KARACHI: Dewan Motors (Pvt) Limited has showcased BMW’s first-ever electric premium Sedan i7 in Karachi. Dewan...

Published 19 Jan, 2023 05:58am

Technology

Who’s next? Chinese EVs drive Stellantis’ Jeep off the road

LONDON/MILAN: The bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other global...

Published 28 Nov, 2022 02:17pm

Business & Finance

BMW sees profits jump on higher prices for luxury cars

FRANKFURT: German automaker BMW reported Thursday a 23-percent increase in third-quarter profit thanks to robust...

Published 07 Nov, 2022 07:08am

Markets

BMW sees pressure in Europe as inflation hits buyers

BERLIN: BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would...

Published 03 Nov, 2022 03:40pm

Business & Finance

Renault-backed Beyonca EV venture touts health monitoring, targets Audi in China

BEIJING: Beyonca, a start-up founded by a group of former Volkswagen executives, plans to take on the likes of Audi...

Published 31 Oct, 2022 06:43am

Business & Finance

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions...

Published 21 Oct, 2022 11:49am

Business & Finance

BMW Group sales drop slightly in Q3

BERLIN: BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war...

Published 10 Oct, 2022 01:05pm

Business & Finance

BMW expects slight growth in 2023, cuts Germany gas intake by 15%

BERLIN: BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales...

Published 26 Sep, 2022 07:17pm

Business & Finance

BMW bets on cylindrical battery cells for new class of EVs from 2025

BERLIN: BMW will power its new class of electric vehicles to be released in 2025 with cylindrical battery cells made...

Published 09 Sep, 2022 03:29pm

Business & Finance

BMW confirms fatal crash, says car wasn’t self-driving

BERLIN: A fatal crash involving four vehicles on a German highway did not involve a self-driving car, BMW said on...

Published 16 Aug, 2022 05:40pm

Perspectives

We took digital services for granted. Now it’s time to pay

As the world adopts digital solutions at a rapid pace, companies offering these services are moving to maximise ...

Published 03 Aug, 2022 07:44pm

Business & Finance

BMW sees earnings margin drop amid China JV consolidation

BERLIN: BMW saw a drop in its automotive margin on earnings before interest and taxes to 8.2% from 15.8% last year...

Published 03 Aug, 2022 11:36am

Business & Finance

BMW starts production at new $2.2bn China plant to ramp up EV output

SHANGHAI: Germany’s BMW said on Thursday that production has formally begun at a new plant in China with an...

Published 23 Jun, 2022 11:37am

Markets

Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford

Solid Power, a developer of solid-state batteries for electric vehicles, aims to begin shipping pre-production...

Published 06 Jun, 2022 05:36pm

Business & Finance

BMW exploring energy investments to reduce dependence on natural gas

BERLIN: BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural...

Published 23 May, 2022 11:46am

Markets

Mercedes-Benz aims for more luxury in model line-up

BERLIN: Mercedes-Benz is honing its identity as a luxury company, its chief technology officer (CTO) said on...

Published 19 May, 2022 06:21pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.46 ▲ 0.54 (13.78%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Power Cem(Pref) / Dec 11 Power Cement (Pref)(POWERPS)	9.35 ▲ 1.00 (11.98%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.65 ▲ 0.46 (10.98%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.15 ▲ 0.35 (9.21%)
Hira Textile / Dec 11 Hira Textile Mills Limited(HIRAT)	2.29 ▲ 0.18 (8.53%)
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	7.70 ▲ 0.59 (8.30%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.88 ▼ -0.86 (-14.98%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	1.80 ▼ -0.20 (-10.00%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
LSE Ventures / Dec 11 LSE Ventures Limited(LSEVL)	5 ▼ -0.49 (-8.93%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Olympia Mills / Dec 11 Olympia Mills Limited(OML)	14.80 ▼ -1.20 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	47.05 ▼ -3.37 (-6.68%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.20
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.33
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.46
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	54,940,500 ▲ 0.61
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.20
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.11
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	41,446,500 ▲ 0.59
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	34,784,907 ▼ -0.90
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▼ -0.02

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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