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BMW AG

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The National Highway Traffic Safety Administration has slapped German automaker BMW AG with $40 million in penalties for failing to conduct a timely recall on vehicles …

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2012 December will be long remembered by luxury carmakers, including BMW AG, Mercedes-Benz, Audi and others, as they saw record luxury car sales in the U.S. market. BMW AG indeed preformed so good in the last month of the year as it saw an increase of approximately 39 percent for the period in the U.S., topping Daimler AG’s Mercedes-Benz in luxury car sales for 2012.

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On the 6th of November, BMW AG posted its third-quarter results. The Munich-based carmaker confirmed its full-year’s targets and announced earnings for the third quarter of the fiscal year that topped analysts’ estimates as sales in China helped company overcome poor results in Europe.

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