Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Bayerische Motoren Werke    BMW   DE0005190003

BAYERISCHE MOTOREN WERKE (BMW)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Daimler's Smart to sell electric scooters in 2014

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2012 | 08:01pm CEST
A shareholder arrives to a Daimler AG annual shareholder meeting in Berlin

FRANKFURT (Reuters) - Daimler's (>> Daimler AG) Smart brand of two-seater cars is to add electric scooters to its range from 2014, following up on this year's launch of a new battery-powered version of its Smart ForTwo car, it said on Thursday.

FRANKFURT (Reuters) - Daimler's (>> Daimler AG) Smart brand of two-seater cars is to add electric scooters to its range from 2014, following up on this year's launch of a new battery-powered version of its Smart ForTwo car, it said on Thursday.

"With this step, we are adding a further important component to our smart mobility concept for urban mobility," said Joachim Schmidt, head of sales and marketing at the Mercedes-Benz Cars division.

The Smart ForTwo electric car will be launched in the market this summer, with Smart hoping for sales in 2013 climbing into five figures, a spokeswoman said.

Customers will be able to choose between purchasing the battery or just leasing it.

Including the 19 percent value-added tax levied in Germany, this would cost a customer either nearly 24,000 euros ($31,100)or 19,000 euros with a battery rental charge of less than 70 euros per month.

Smart had once attempted to expand its model range well beyond the quirky two-seater car which it currently produces, to include a roadster and a four-seat subcompact that was built by Mitsubishi (>> Mitsubishi Motors) in the Netherlands. There were even plans for a small SUV version.

But unlike BMW's (>> Bayerische Motoren Werke AG) Mini brand, which has successfully stretched its line-up to include models like a longer estate and an SUV, Smart failed to gain as strong a brand image compared with the Mini.

Eventually losses ballooned at Smart, forcing management to shelve plans for further models and its cut its product line back to the ForTwo car in a reorganization that was estimated at the time to cost over 1 billion euros.

($1=0.7716 euros)

(Reporting by Christiaan Hetzner; Editing by Greg Mahlich)

Stocks treated in this article : Mitsubishi Motors, Bayerische Motoren Werke AG, Daimler AG
Stocks mentioned in the article
ChangeLast1st jan.
BAYERISCHE MOTOREN WERKE 1.25% 90.39 Delayed Quote.2.81%
DAIMLER 0.03% 65.03 Delayed Quote.-8.18%
MITSUBISHI MOTORS CORPORATION 1.38% 808 End-of-day quote.-2.06%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAYERISCHE MOTOREN WERKE
04/26BAYERISCHE MOTOREN WERKE : MS&AD Andretti Formula E aiming to bounce back into t..
PU
04/26BAYERISCHE MOTOREN WERKE : Exclusive first look at “200 Women” Photo..
PU
04/26Auto bosses personally responsible for diesel fixes - German minister
RE
04/26BAYERISCHE MOTOREN WERKE : “10 questions to…” Kerstin Schmedi..
PU
04/26VOLKSWAGEN : 1Q Profit Declines on Accounting Changes -- Update
DJ
04/26THE NEW BMW 8 SERIES COUPE : With maximum dynamics on the way to series producti..
PU
04/25M POWER MEETS MOBILE GAMING : New BMW M2 Competition debuts in CSR Racing 2 from..
PU
04/25BMW sees slower growth in China this year; local JV talks ongoing
RE
04/25BMW sees slower growth in China this year; local JV talks ongoing
RE
04/25BAYERISCHE MOTOREN WERKE : BMW China integrates BMW Connected into Tmall Genie. ..
PU
More news
News from SeekingAlpha
04/17China scraps foreign auto ownership caps 
03/26Bayerische Motoren Werke AG ADR 2017 Q4 - Results - Earnings Call Slides 
01/30WALL STREET BREAKFAST : Market Jitters Extend Into Second Day 
01/14Detroit Auto Show kicks into gear 
2017China extends tax rebate for NEVs 
Financials (€)
Sales 2018 101 B
EBIT 2018 9 907 M
Net income 2018 7 440 M
Finance 2018 21 694 M
Yield 2018 4,47%
P/E ratio 2018 7,88
P/E ratio 2019 7,51
EV / Sales 2018 0,37x
EV / Sales 2019 0,35x
Capitalization 59 247 M
Chart BAYERISCHE MOTOREN WERKE
Duration : Period :
Bayerische Motoren Werke Technical Analysis Chart | BMW | DE0005190003 | 4-Traders
Technical analysis trends BAYERISCHE MOTOREN WERKE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 94,7 €
Spread / Average Target 6,1%
EPS Revisions
Managers
NameTitle
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYERISCHE MOTOREN WERKE2.81%72 137
TOYOTA MOTOR CORP-1.79%213 847
VOLKSWAGEN0.33%103 203
DAIMLER-8.18%84 877
HONDA MOTOR CO LTD-3.26%62 687
GENERAL MOTORS CORPORATION-7.03%53 122