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BMW Financial Opens Off-Lease Inventory to All Dealers

ATLANTA — In preparation of the influx of off-lease vehicles returning to the market, BMW Financial Services has made its BMWGroupDirect.com service accessible to independent and non-BMW franchise dealers, according to the company. The website — which is powered by RMS Automotive’s web-based vehicle portfolio management solution — was previously open only to BMW franchise dealers. ... Read More »

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Exclusive: U.S., Major Automakers to Announce Safety Accord Friday

The U.S. government and a group of global automakers are set to unveil a voluntary agreement at the Detroit auto show on Friday aimed at improving auto industry safety and spurring culture changes, according to company and government officials. The accord could set the framework for further discussions on safety reforms and mark a new ... Read More »

BMW Eyes New Business Opportunities With Autonomous Cars

FRANKFURT – BMW Group is preparing to rethink its products, design and business models for the advent of driverless cars, Mini boss Peter Schwarzenbauer said. The executive said the competitive advantage for premium carmakers will be rooted in their ability to offer a portfolio of transport options far beyond just selling a car, reports Automotive ... Read More »

Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths

While May might not have brought the big uptick in sales we’ve seen in recent months, preliminary data suggest that automakers took in record revenues, with the average transaction price of new cars, trucks and crossovers sold last month climbing by at least 4%, reports The Detroit Bureau.  All told, U.S. buyers spent a record ... Read More »

BMW Recalling Vehicles with Takata Air Bags: U.S. Regulators

German automaker Bayerische Motoren Werke AG is recalling 420,661 U.S. vehicles due to issues involving Takata Corp 7312.t air bags, U.S. auto safety regulators said on Thursday, reports Reuters. Last week, Takata said it would double the recall of potentially deadly air bags to nearly 34 million in the United States.

Takata Air Bag Recall Expands to Record 34 Million Vehicles

As part of an agreement with Takata, federal regulators expanded the recall of vehicles equipped with the company’s air bags to 33.8 million in the U.S., making it the largest safety recall in the nation’s history, reports Detroit Free Press. The move essentially doubles the number of vehicles being recalled to replace potentially lethal air ... Read More »

Audi Edges Past BMW to Lead Luxury-Car Sales Race in April

Audi was the world’s biggest seller of luxury cars in April, edging out BMW AG’s namesake brand and fast-growing Mercedes-Benz, reported Bloomberg. Bolstered by U.S. demand for the Audi Q5 and Q7 sport utility vehicles, the Volkswagen AG unit’s deliveries rose 2.5 percent to 152,850 cars last month, compared with BMW’s 5.6 percent increase to ... Read More »

ISS Recommends BMW Shareholders Vote Against Reithofer Appointment

Advisory firm ISS has recommended that BMW shareholders should vote against the appointment of outgoing chief executive Norbert Reithofer as chairman of the carmaker’s supervisory board, newspaper Frankfurter Allgemeine Sonntagszeitung reported, reported Reuters. ISS said BMW would go against general corporate governance practice with the appointment as there will be no cooling off period between ... Read More »

BMW Settles FTC Charges

WASHINGTON — BMW of North America has agreed to settle Federal Trade Commission charges that its MINI Division violated the Magnuson-Moss Warranty Act by telling consumers that BMW would void their warranty unless they used MINI parts and MINI dealers to perform maintenance and repair work. In an administrative complaint, the FTC alleged that BMW, ... Read More »

Mercedes-Benz, BMW See Boost from Super Bowl Ads, Edmunds Reports

SANTA MONICA, Calif. — Mercedes-Benz and BMW saw the most significant traffic spikes on Edmunds.com after ads from the two companies ran during the Super Bowl, according to a real-time analysis from Edmunds.com. Mercedes-Benz AMG GT saw the biggest cumulative spike in traffic during the game, with a 2,189% jump over average Sunday numbers on ... Read More »