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The Latest Breaking News from Bayerische Motoren Werke AG

Tencent Targets Metaverse After Overseas Opportunities, EV To Drive Growth

Tencent Holding Ltd (OTC:TCEHY) acknowledged setting up a unit focused on exploring the space to tap multiple opportunities in extended reality (XR) technologies in the next 4-5 years, Reuters reports. Gaming chief Steven Ma disclosed that Tencent had set up an XR business line to combine hardware and software, betting on most…

Stellantis Acquires Car Sharing Company Share Now For Undisclosed Sum

Stellantis Acquires Car Sharing Company Share Now For Undisclosed Sum

Stellantis NV (NYSE:STLA) said its mobility division, Free2move, has agreed to acquire car sharing company Share Now. The financial terms of the deal were not disclosed. Share Now was formed as a joint venture by Mercedes-Benz Mobility Group and Bayerische Motoren Werke AG (OTC:BMWYY) in 2019. The deal is expected to add 14 major…

Magna Commences Production Of Mild Hybrid Transmission For BMW Group

Magna Commences Production Of Mild Hybrid Transmission For BMW Group

Magna International Inc (NYSE:MGA) has started the production of its mild hybrid transmission for Bayerische Motoren Werke AG (OTC:BMWYY). Magna's new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively on BMW Group's compact class, accelerating its electric mobility transformation. The contract will also include the production of mild hybrid transmissions for…

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Penske Automotive Acquires Three BMW MINI Dealerships In UK

Penske Automotive Group Inc (NYSE:PAG) U.K. subsidiary has acquired three Bayerische Motoren Werke AG (OTC:BMWYY) BMW MINI dealerships and a collision center in the U.K. The dealerships, located in South East England, north of London, complement the company's 32 BMW MINI franchises operated in the U.K. market. Penske Automotive expects the acquisition to generate $250…

Elon Musk Tells BMW There Are No Shortcuts To Full Self-Driving — Has This Advice Instead

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday doled out some advice for legacy rival Bayerische Motoren Werke AG (OTC: BMWYY), popularly know

BMW Takes Control of China Venture, Sees Big Profit Gains

Bayerische Motoren Werke AG said it has taken majority control of its Chinese joint venture, securing its grip on its operations in the world's biggest auto market.

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