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BMW Philippines Winds Down Operations, Posts Loss of P187M
Apr. 21, 2009
Losses of BMW AG’s local unit widened as it ended operations in the Philippines last year and turned over the local dealership to its Filipino business partner.

BMW Philippines Corp., in its 2008 financial report, said it had to sell inventory at a loss ahead of the closure of local operations.

The company’s net loss last year ballooned to P186.53 million from only P22.43 million in 2007. Meanwhile, sales of the leading luxury car brand inched up by only P15 million to P1.89 billion in 2008.

BMW Philippines decided to stop local operations last Dec. 19.

The company, a joint venture between BMW AG of Germany and local partner Asian Carmakers Corp., said it had terminated lease agreements and other major contracts effective Dec. 31.

It also paid P25.2 million in separation packages to its 34 employees.

Last September, BMW AG announced the dissolution of Philippine operations, citing the need to improve business efficiency worldwide. The car maker also shut down operations in Turkey and Taiwan, citing the same reason.

BMW Philippines has said the move would not affect customers.

Asian Carmakers’ operations will be monitored by BMW’s regional office in Singapore, which also oversees the dealerships in Vietnam, Brunei and Guam.

The local BMW dealership sold 621 units last year, down by almost a quarter from 805 units in 2007, industry data showed.

Asian Carmakers Chairman Jose Ch. Alvarez said last year that BMW’s sales would drop to 600 to 800 units this year due to the entry of Japanese luxury cars with the implementation of a bilateral free trade agreement between Japan and the Philippines.

Source: www.tsikot.com

 
RDSport RS35 Biturbo Based on E92 BMW 335i
Apr. 17, 2009

RDSport, aka Racing Dynamics, is taking the competition to other BMW tuners by announcing the arrival of the 335i Coupe based RS35 Biturbo. Upgrades have been made to extract more performance out of a car widely acknowledged as one of the leaders in its class.

The engine is improved by modifying some electronic components for the purpose of improving boost, and optimising fuel and timing. A larger intercooler and free-flowing intake were installed to increase air supply.

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Economical BMW X3 xDrive 18d Introduced - 6.2 litres/100 km
Apr. 17, 2009

A new entry-level BMW X3 has been announced. The X3 xDrive 18d may be marked as 18d giving the assumption of a 1.8-litre but it is in fact, using a 2.0-litre turbo diesel engine. Delivering 105kW (143hp) of power at 4,000rpm and 350Nm of torque at 1,750rpm, the new model is certainly not short of grunt. But where it will excel the most is in the fuel economy arena.

BMW says the xDrive 18d will sip an average of 6.2 litres of diesel per 100 kilometres (or average 45.6mpg imp.) in the EU cycle. That gives it a range of between 650 and 700 kilometres to the tank.

The X3 has been a good seller for BMW, with the current model having sold over 500,000 units since its introduction in 2003. It was for a long time the only premium SUV in its class of cars. BMW still sells more AWD vehicles in the premium segment than any other player. The X3 plays a major role in that.

Potential buyers of the car can choose from petrol and diesel engines ranging in power output from 110kW (150hp) to 210kW (286hp) for the twin turbo diesel xDrive35d.

Source: www.worldcarfans.com

 
BMW M3 GT4 to Make Race Debut at Nürburgring 24-hour race
Apr. 17, 2009

The BMW M3 GT4 will be making its endurance competition debut at the 24-hour race at the Nürburgring Nordschleife on the 23rd and 24th of May.

But it's not BMW Motorsport which will be fielding the M3 GT4 racer. Its Customer Racing program has handed that honor to Schubert Motorsport, which will run the endurance race with 3 drivers; Augusto Farfus from Brazil, Jörg Müller from Germany, and British driver Andy Priaulx.

Priaulx and Müller normally race for BMW, in competing cars, on the FIA WTCC circuit (World Touring Car Championship) but will lend their skills to help the M3 GT4 prove its mettle on the track for the Schubert team.

The Nürburgring 24-hour endurance race began in 1970 and BMW has been a staple of the event from the beginning. Last year, some 50 of the 150 cars competing were BMW models and BMWs have racked up some 114 class victories in the endurance event, the most of any automaker.

Müller and Priaulx were each part of the winning BMW team which took the race in 2004 and 2005, respectively. They both hope to repeat those victories once more, this time together.

Source: www.worldcarfans.com

 
BMW 760Li & 760i Revealed with Newly Developed 6-Liter V12 Twin Turbo Engine
Apr. 17, 2009

BMW has officially unveiled their new 760i and 760Li which are powered by a brand new twin-turbo V12 that produces 400 kW (544 hp) and 750 Nm (553 lb-ft) of torque. Directly aimed at the 5.5-liter biturbo V12 Mercedes S600 with 380 kW (517 hp) and 829 Nm (612 lb-ft) of torque, the new BMW 760's have more horsepower but less torque.

The new all-aluminum 6.0-liter twin-turbo V12 was designed from the ground up and features the latest technology such as high precision fuel injection, infinite double-VANOS camshaft adjustment, and a volume flow-controlled oil pump. BMW went to great length to specifically design the two exhaust gas turbochargers so they would provide unparalleled power and performance worthy of the wealthy owners who typically flock to this high-end model. Despite the fact that the car boasts more power than its predecessor, the new 760i actually features a 4.5 percent increase in fuel economy for an estimated rating of 12.9L/100km (21.9mpg UK / 18.2mpg US). In the terms of performance, 0-100 km/h comes in just 4.6 seconds while the top speed is limited to 250 km/h (155 mph).

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