BMW AG’s largest shareholder, the Quandt family, will carry on its commitment to BMW through the challenges in the luxury vehicles segment. The Quandt family is confident that BMW will reign supreme over Audi and other luxury car manufacturers. “We as a family are looking forward†to shaping the future …
Read More »Monthly Archives: December 2010
BMW survived crisis through $3.6 billion U.S. Federal Reserve Funds
BMW was able to secure funds from the U.S. Federal Reserve during the financial crisis. This was to boost liquidity as major sources of the company dried up. The US$3.62 billion Federal funding transaction last January 30, 2009 was the largest, according to a report by Automotive News. BMW Spokesperson …
Read More »TUNE IT! SAFE! Police MINI E by AC Schnitzer based on MINI R56
Two strong partners for the future: the Electric MINI and AC Schnitzer MINI Tuning Specialist supports the initiative: “TUNE IT! SAFE!” by the VDAT by kitting out the emission-free concept car The TUNE IT! SAFE! initiative by the Verband Deutscher Automobil Tuner e.V. (VDAT) impressively shows the future of tuning …
Read More »BMW 5 Series Sedan and BMW 5 Series Touring win 2011 iF Product Design Award
Press Release: 2011 sees a brace of 5 Series models – the new BMW 5 Series Sedan and the new BMW 5 Series Touring – presented with the coveted iF award for outstanding product design. With this internationally acclaimed prize, the International Forum Design once again pays tribute to the …
Read More »Spy Video – 2012 BMW M5 at the Nurburgring Track
The 2012 BMW M5 was spotted during a testing session at the famous Nurburgring track. This hot vehicle has a V8 turbocharged engine under the hood — a twin scroll twin turbo version of the N63 ( S63) with Cylinder-bank Comprehensive Manifold (CCM) based on the BMW X5 M and …
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