BMW Group To Use Maritime Plastic Waste To Produce Visible Vehicle Trim Parts

RTTNews | 960天前
BMW Group To Use Maritime Plastic Waste To Produce Visible Vehicle Trim Parts

(RTTNews) - German luxury carmaker BMW AG (BMW.L, BAMXF.PK, BAMXY.PK) announced Tuesday that it will use maritime plastic waste to produce visible trim parts, which is expected to reduce CO2 emissions or carbon footprint by 25 percent compared to conventionally manufactured components. The new initiative is developed in cooperation with the Danish company PLASTIX.

The BMW Group aims to use thermoplastics made from 40 percent recycled material in its new vehicles by 2030. The raw material will contain around 30 percent recycled fishing nets and ropes. After separation, fishing nets and ropes undergo an innovative process that produces plastic granules.

The raw material is proactively sourced at ports all around the world to ensure that it doesn't end up being discarded in the sea.

In an exclusive recycling process, waste material from the maritime industry is used to produce trim parts suitable for the exterior and interior of future vehicles. The ocean plastics will be used to make floor mats in the BMW iX and the BMW X1. It will also be used in both non-visible and visible areas of the exterior and interior of the NEUE KLASSE models from 2025.

This form of recycling makes it possible to reduce the need for petroleum-based primary plastics and at the same time counteract ocean pollution.

Overall, the BMW Group has set itself the target of increasing the proportion of secondary materials in the thermoplastics used in new vehicles from currently around 20 percent to an average of 40 percent by 2030.

read more
BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
RTTNews | 47天前
BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View

BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View

Shares of BMW Group were losing around 5 percent in the morning trade on Germany's XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues in its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm, delivery stops related to the supplied Integrated Brake System
RTTNews | 175天前
BMW Backs FY24 Profit View After Q2 Results Drop; Stock Down

BMW Backs FY24 Profit View After Q2 Results Drop; Stock Down

Shares of BMW Group were losing around 2 percent in the German trading after the automajor reported Thursday weak profit, revenues and deliveries in its second quarter. Looking ahead for fiscal 2024, the company continues to expect Group profit before tax to decrease slightly due to higher manufacturing and fixed costs.
RTTNews | 272天前
BMW Q4 Results Climb; Cuts Dividend, Sees Weak Earnings In FY24

BMW Q4 Results Climb; Cuts Dividend, Sees Weak Earnings In FY24

German automajor BMW Group reported Thursday higher profit in its fourth quarter as strong demand boosted its revenues. Meanwhile, net earnings in fiscal 2023 were lower, and the firm trimmed its dividend. For fiscal 2024, the company projects slight decrease in earnings before tax for the Group, and an Automotive EBIT margin of 8-10 percent, compared to prior year's 9.8 percent.
RTTNews | 405天前
BMW Q3 Profit Climbs, Backs FY22 View; Stock Down

BMW Q3 Profit Climbs, Backs FY22 View; Stock Down

German luxury carmaker BMW AG reported Thursday higher profit and sales in its third quarter benefited by strong pricing, despite weak margin and slight drop in Automotive deliveries. Looking ahead, the company maintained fiscal 2022 forecast for significantly higher earnings, and slightly lower sales with weak deliveries. In Germany, BMW shares were losing around 4 percent in the morning trading.
RTTNews | 909天前
U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.
RTTNews | 25分钟前
Eurozone GDP Growth Gains Strength In Q1

Eurozone GDP Growth Gains Strength In Q1

Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs. The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.
RTTNews | 37分钟前