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

Real-time Quote. Real-time Tradegate - 08/23 11:54:15 am
79.331 EUR   -0.06%
08/22 Ford becomes latest carmaker to launch UK scrappage scheme
08/22 BAYERISCHE MOTO : Two busted on drug charges
08/21 BAYERISCHE MOTO : The new BMW M5.
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Tesla resolves trademark dispute in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/06/2014 | 05:30am CEST

U.S. electric carmaker Tesla Motors Inc (>> Tesla Motors Inc) said it has "completely and amicably" resolved a trademark dispute in China, removing a hurdle that had threatened CEO Elon Musk's ambition to expand rapidly in the world's biggest auto market.

U.S. electric carmaker Tesla Motors Inc (>> Tesla Motors Inc) said it has "completely and amicably" resolved a trademark dispute in China, removing a hurdle that had threatened CEO Elon Musk's ambition to expand rapidly in the world's biggest auto market.

It is the second time Tesla has announced an end to the dispute with Chinese businessman Zhan Baosheng, who registered the "Tesla" trademark before the Palo Alto, California-based carmaker came to China.

Tesla said in January that the issue had been resolved, but last month, Zhan moved to bring Tesla to court.

A complete solution to the long-standing trademark dispute would remove an obstacle to Tesla's growth plan in China, which billionaire co-founder Musk expects to become the company's biggest global market next year.

Beijing has unveiled a slew of incentives, including purchase subsidies and tax cuts, to accelerate sales of electric cars, a market also targeted by Volkswagen (>> Volkswagen AG) and BMW (>> Bayerische Motoren Werke AG).

"Mr. Zhan has agreed to have the Chinese authorities complete the process of canceling the Tesla trademarks that he had registered or applied for, at no cost to Tesla," Tesla said in an e-mailed statement on Wednesday.

Separately, Tesla and Zhan have also reached commercial terms for the transfer to Tesla of certain domain names, including tesla.cn and teslamotors.cn, the company said, declining to give financial details.

"Tesla looks forward to continuing to grow its business in China and to expanding the impact of electric vehicles in this very important market," Tesla said in the statement.

Tesla's trademark dispute underscores a thorny issue faced by foreign companies doing business in China. Global companies like Apple Inc (>> Apple Inc.), Koninklijke Philips NV (>> PHILIPS) and Unilever NV (>> UNILEVER), have all been embroiled in trademark disputes in the country in the past.

Based in China's southern province of Guangdong, Zhan registered the trademarks to the Tesla name in both English and Chinese in 2006. He had in the past sought to sell the label to the U.S. company but negotiations collapsed.

"Tesla has successfully concluded an agreement with Mr. Zhan Baosheng to completely and amicably resolve the dispute between the parties," Tesla said in Wednesday's statement. "These actions remove any doubt with respect to Tesla's undisputed rights to its trademarks in China."

(Editing by Matt Driskill)

By Samuel Shen and Norihiko Shirouzu

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAYERISCHE MOTOREN WERKE
08/22 1985 - 2017 : How the BMW M5 evolved
08/22 BAYERISCHE MOTOREN WERKE : Here it is! Brutal new BMW M5 with all-wheel-drive
08/22 BAYERISCHE MOTOREN WERKE : Foreign-Trade Zone 38--Spartanburg County, South Caro..
08/22 Ford becomes latest carmaker to launch UK scrappage scheme
08/22 NEW 2018 BMW M5 : fastest M car ever coming to Dubai
08/22 BAYERISCHE MOTOREN WERKE : Two busted on drug charges
08/22 BAYERISCHE MOTOREN WERKE : You’ve got mail, in Zimbabwe!
08/21 BAYERISCHE MOTOREN WERKE : Extreme experience
08/21 BAYERISCHE MOTOREN WERKE : Bmw m4 coupé (without a fixed lid)
08/21 BAYERISCHE MOTOREN WERKE : 1. urban chic
More news
News from SeekingAlpha
08/16 WALL STREET BREAKFAST : NAFTA Talks Set To Begin
08/16 Fiat joins autonomous driving consortium
08/03 WALL STREET BREAKFAST : Bank Of England's 'Super Thursday'
07/31 WALL STREET BREAKFAST : M&A Rumors Surround Charter
07/31 BMW pulled into Dieselgate?
Financials (€)
Sales 2017 98 715 M
EBIT 2017 9 942 M
Net income 2017 7 301 M
Finance 2017 1 509 M
Yield 2017 4,66%
P/E ratio 2017 7,20
P/E ratio 2018 7,18
EV / Sales 2017 0,51x
EV / Sales 2018 0,50x
Capitalization 51 612 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
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 91,1 €
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYERISCHE MOTOREN WERKE-11.02%60 693
TOYOTA MOTOR CORP-10.75%183 985
DAIMLER-14.72%75 874
VOLKSWAGEN-4.95%75 767
GENERAL MOTORS CORPORATION0.20%50 871
HONDA MOTOR CO LTD-11.38%49 867