6 stories mentioning BMW.F
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Shell (SHEL.L, SHELL.AS) extended its partnership with German luxury carmaker BMW's (BMW.F) BMW M Motorsport to focus on research and development.The oil and gas giant said Monday the partners will explore sustainable fluid technologies for both motorsport and passenger vehicles.Shell added that it will continue to support the BMW division's GT3 racing activities.
(Corrects date in the first paragraph)German equities rebounded on Wednesday, with the blue-chip DAX index up 0.09%, as the latest European Union car registration data and Volvo Car's rally fueled automotive stocks.According to the European Automobile Manufacturers' Association, new car registrations in the EU rose 5.1% annually in April to 972,314 units. For the first four months of 2026, car registrations totaled 3,794,280 units, a 4.2% increase compared with the same period last year.The auto sector was also lifted by a surge in Swedish carmaker Volvo Cars after it secured US regulatory approval to import and sell connected cars in the country.As such, German automobile makers Daimler Truck (DTG.F), Mercedes-Benz Group (MBG.F), Volkswagen (VOW.F), BMW (BMW.F) and Porsche Automobil Holding SE (PAH3.F) gained 3.29%, 3.12%, 2.54%, 2.34% and 1.51%, respectively, on Xetra. German automotive parts maker Continental AG (CON.F) also climbed by 4%.On the trade front, EU ambassadors cleared legislation to scrap import duties on a range of US goods, according to a Reuters report citing a source with knowledge of their meeting. The measures are intended to shield European companies from threats of higher US trade penalties set for July 4, though the bill still requires final approval from the European Parliament, with the final decision expected by mid-June.In local economic news, German corporate layoffs "somewhat" slowed in May as the ifo Employment Barometer ticked up to 93.9 points from April's 91.4 points. However, the Ifo Institute noted that "weak" economic development led to businesses remaining "cautious in their personnel planning."On the geopolitical front, Iranian state TV said an unofficial draft of a potential deal between the US and Iran would include the restoration of commercial shipping through the Strait of Hormuz within a month and withdrawal of the US naval blockade, but the plan remains unfinalised. The report helped drive Brent crude down 4.5% to under $95 per barrel.
German equities rebounded on Thursday, with the blue-chip DAX index up 0.09%, as the latest European Union car registration data and Volvo Car's rally fueled automotive stocks.According to the European Automobile Manufacturers' Association, new car registrations in the EU rose 5.1% annually in April to 972,314 units. For the first four months of 2026, car registrations totaled 3,794,280 units, a 4.2% increase compared with the same period last year.The auto sector was also lifted by a surge in Swedish carmaker Volvo Cars after it secured US regulatory approval to import and sell connected cars in the country.As such, German automobile makers Daimler Truck (DTG.F), Mercedes-Benz Group (MBG.F), Volkswagen (VOW.F), BMW (BMW.F) and Porsche Automobil Holding SE (PAH3.F) gained 3.29%, 3.12%, 2.54%, 2.34% and 1.51%, respectively, on Xetra. German automotive parts maker Continental AG (CON.F) also climbed by 4%.On the trade front, EU ambassadors cleared legislation to scrap import duties on a range of US goods, according to a Reuters report citing a source with knowledge of their meeting. The measures are intended to shield European companies from threats of higher US trade penalties set for July 4, though the bill still requires final approval from the European Parliament, with the final decision expected by mid-June.In local economic news, German corporate layoffs "somewhat" slowed in May as the ifo Employment Barometer ticked up to 93.9 points from April's 91.4 points. However, the Ifo Institute noted that "weak" economic development led to businesses remaining "cautious in their personnel planning."On the geopolitical front, Iranian state TV said an unofficial draft of a potential deal between the US and Iran would include the restoration of commercial shipping through the Strait of Hormuz within a month and withdrawal of the US naval blockade, but the plan remains unfinalised. The report helped drive Brent crude down 4.5% to under $95 per barrel.
Germany's blue-chip DAX index closed Wednesday's session 2.24% in the green, joining a global rally buoyed by renewed optimism over a possible end to the Iran war.Mentioning "great progress" toward a definitive resolution, US President Donald Trump announced a pause on efforts to escort vessels out of the Strait of Hormuz "to see whether or not the Agreement can be finalized and signed." Reuters reported, citing an unnamed Pakistani mediator, that the two nations are nearing the finalization of a one-page memorandum intended to cease hostilities in the region.Back at home, final business survey data showed Germany's private sector contracted for the first time in almost a year. According to S&P Global, the final Germany composite PMI output index fell to 48.4 in April from 51.9 a month earlier, above the initial reading of 48.3. For the service sector, the final PMI came in at 46.9, in line with the flash estimate and against the previous month's 50.9."The chances of the German economy contracting in the second quarter have now risen after a slump in services business activity in April. Unlike the manufacturing sector, which has been supported to an extent by stockbuilding efforts, the services economy has felt the immediate effects of the Middle East war on demand and has seen its steepest drop in activity in nearly three and a half years," S&P Global Market Intelligence economics associate director Phil Smith said.In corporate news, BMW Group (BMW.F) was among the top performers, closing 5.41% higher, as RBC Capital Markets looked past lower first-quarter revenue to note a better-than-expected automotive EBIT and reiterated full-year 2026 guidance despite the latest US tariff threat. The German carmaker's revenue was down 8.1% to 31.01 billion euros."Despite recent news that the EU to US import tariff on autos would return to 25%, BMW reaffirmed its '26 guidance and anticipates a [125-basis-point] impact due to tariffs for the year. BMW expressed confidence that a deal will be reached - specifically anticipating that EU tariffs on US imports will drop to 0% in H2/26, and that Mexico/Canada tariff reductions will also take effect in H2/26. Our math implies that consensus Automotive EBIT could move higher for the remainder of '26," the research firm wrote.Continental AG (CON.F) was also among the day's top stocks, rising 8.95% at close. The German automotive parts manufacturer reported first-quarter sales of 4.40 billion euros, down 10.4% year over year but slightly above the 4.39 billion-euro consensus, and maintained its full-year revenue outlook of 17.3 billion to 18.9 billion euros despite geopolitical uncertainty.
German shares lost on Monday after returning from the Labor Day holiday, with investors assessing the latest business survey data on local factory activity against escalating tensions in the Middle East and fresh tariff threats from the US.At close, the blue-chip DAX index was down 1.24%.According to S&P Global, the final Germany manufacturing PMI slipped to 51.4 in April from the 46-month high of 52.2 in the previous month, above the flash estimate of 51.2. The sector's expansion slowed as new orders and production growth were offset by "darkening" business outlook amid the ongoing Middle East conflict."Reflecting growing concerns about both demand and supply-side conditions, businesses expecting activity to fall in the coming year now outweigh those anticipating a rise. There are worries that surging inflation pressures and the associated squeeze on purchasing power will stifle demand, with factory gate price inflation jumping sharply to its highest in over three years in April. At the same time, with supply delays already at a level not seen since mid-2022, there is a risk that production could be scaled back regardless of the demand situation," S&P Global Market Intelligence economics associate director Phil Smith said.Speaking of the Middle East conflict, Iran's navy claimed to have turned back a US warship at the Strait of Hormuz after allegedly striking it with two missiles while sailing near the port of Jask. Reuters, citing state media, reported that Tehran warned foreign navies of a "decisive response" if they enter the strait. The report comes as US President Donald Trump said Sunday that Washington plans to assist neutral commercial vessels stranded in the waterway.On the tariff front, Trump announced on May 1, 2026, that he would increase levies on European Union-made vehicles to 25% from 15% starting this week, asserting that the bloc failed to comply with the July 2025 trade framework. The US President told reporters the move is intended to force European brands to onshore production more quickly.Against this backdrop, German automotive companies Mercedes-Benz Group (MBG.F), BMW (BMW.F), Volkswagen (VOW.F) and Porsche Automobil Holding SE (PAH3.F) lost 3.35%, 2.44%, 2.22% and 0.94%, respectively, on Xetra.Meanwhile, Siemens Energy (ENR.F) fell 2.09%, as the Austrian Federal Ministry of Economy, Energy and Tourism announced that the German energy technology company plans to invest 155 million euros in two projects in the country, including an initiative involving transformer production and the development of a new service plant.
Germany's blue-chip DAX index was little changed on Wednesday, ending the session 0.18% in the green, as investors weighed continued conflict in the Middle East against a busy corporate earnings season and fresh euro area industrial output data.According to Eurostat, the eurozone recorded 0.4% monthly increase in industrial production in February, compared with a revised 0.8% dip previously and an expected 0.3% gain. The upbeat reading reflects increased production for intermediate goods, capital goods and non-durable consumer goods. On a yearly basis, the eurozone's industrial production dipped 0.6%, in line with the revised 0.6% decrease earlier and against the expected 1% drop."Eurozone industry has been very resilient throughout 2025 despite significant trade turmoil. But the start of 2026 has not been encouraging. As front-loading by American businesses has eased, production levels have dropped again. And while manufacturers have become more optimistic on infrastructure and defence investment promises, the Middle East war has dashed hopes of a broad-based rebound. Energy-intensive industries, in particular, are set to suffer from higher prices," ING said, noting the February 2026 data leaves production levels below most of the 2025 figures.Zooming in, German business uncertainty hit its highest level since February 2024, as the ifo Institute reported that 78.6% of surveyed companies said it was "difficult or fairly difficult" to forecast future development amid the ongoing Iran war. Ifo said the level of uncertainty was "particularly pronounced" in manufacturing, with 87.7% of companies affected as persistent structural headwinds continue to weigh on the sector.In corporate news, Deutsche Bank Research expects BMW Group (BMW.F) to maintain its outlook in its first-quarter earnings report due May 6, as the "weak start" into 2026 was already priced in by the market."Group volumes in Q1 declined by 3.5% y/y, primarily driven by a double-digit decline in China and a mid-single-digit decrease in the US, while Europe saw a 3% increase. Regarding the model mix, the X3 demonstrated solid momentum, whereas almost all other models reported lower volumes. We understand that the new iX3 is also boosting order intake, which is up by double digits in Europe and extends well into the second half of the year. In terms of profitability, we anticipate headwinds from volumes, FX, raw materials, tariffs, lower R&D capitalization, and depreciation, which will be partially offset by efficiency gains. That said, Auto EBIT margin should come in within the FY range of 4-6% with some support provided by the usual cost seasonality of BMW. For cash generation, we expect working capital build-up to be a headwind, but it should still result in a solid figure," the research firm wrote in an earnings preview note. BMW was down 0.32% at closing.Meanwhile, Evotec (EVT.F) named Ingrid Müller as chief operating officer, effective May 1. Müller joins the German life sciences company from CureVac, a German mRNA-based vaccine developer acquired by its peer BioNTech in 2025. Evotec rose 2.88% on Xetra.