HR Owen has signed a contract to sell its BMW and Mini business to Marsh Wall for a total of £2.8 million in order to proceed with its plans to become a specialist in luxury brands only.
Dr Norbert Reithofer, chairman of BMW’s board of management, has called for the business to increase its global retail sales to 1.8 million by 2012 after disappointing third quarter profits.
Jim O’Donnell, managing director of BMW UK, has warned the Government is in danger of taxing smaller manufacturers of expensive cars like Jaguar and Land Rover out of existence.
New media is taking larger and larger slices of car company advertisement revenues as on-line networking sites become increasingly popular as a hunting ground for potential customers.
BMW’s 1 Series coupe will go on sale on November 24 as the ‘halo’ model in the line-up.
BMW has made the rare move of admitting that its performance is not up to scratch.
Before the BMW X5 was launched in 2000, sports utility vehicles were more utility than sport: on-road performance was compromised by attempts to fulfil a perceived need for off-road abilities.
HR Owen is close to agreeing a deal to sell its BMW and Mini dealerships in London and south-east England.
Sat in the passenger seat of a friend's Eunos Roadster en route to petrolhead Mecca the Nürburgring last Friday I knew I was in for a good weekend, but I wasn't prepared for the full extent of the damage.
A new parts initiative being piloted by 12 BMW dealers in London and the south-east is expected to boost parts stock turnover from 12 times per year to 20-25 times per year.
There is uncertainty over whether HR Owen will continue its links with BMW after announcing it is in talks to sell ‘some or all’ of its BMW dealerships.
Someone asked me recently if the BMW 3 Series was set to go the way of the Ford Mondeo and suffer from decreased resale values.
Vines Group has invested £4.5 million in a new BMW and Mini dealership and repair centre in Guilford.
Lincolnshire Nissan and Renault dealer Crystal Motor Group has added BMW and Mini to its franchises with the purchase of Astle Group.
Staffordshire-based retail group Knights BMW and Mini has opened its £10m new-build site at Radial Park near Stoke-on-Trent. It will be one of the largest BMW dealerships in the country.
Vauxhall dealer Peter Vardy has branched out with BMW. The company has bought the Dunedin BMW and Mini business in Edinburgh from John Martin Group.
Knights BMW and Mini has officially opened the doors to its new Radial Park premises following a £10m investment.
Maserati wants its Quattroporte to be considered the individualist’s choice in the luxury saloon sector, compared with BMW’s 7 Series, Mercedes Benz’s S-class and the Jaguar XJ.
Peter Vardy has acquired Dunedin BMW & Mini from John Martin Group for an undisclosed sum.
Knights BMW and Mini is on track to relocate from Pool Dam in Newcastle to new premises at Radial Park near Stoke-on-Trent next month.
