The Bavaria-based group saw its net profits slip to 1.75 billion euros ($1.92 billion) from April to June against 1.77 billion euros for the same period a year ago.Germany’s Volkswagen, which recently pipped Toyota for the world’s biggest automaker title, last week lowered its global sales forecast for 2015 citing falling demand from China and other key markets.BMW said the profit fall was a “minor dip” caused by higher personnel costs, increased expenditure on new product start-ups and higher Read more [...]

The Bavaria-based group saw its net profits slip to 1.75 billion euros ($1.92 billion) from April to June against 1.77 billion euros for the same period past year. “It will definitely not be double-digit growth”, Eichiner added. The second-quarter margin on automaking fell short of analysts’ expectations due to a combination of the ageing 7-Series sedan, due to be refreshed this year, and slowing growth in China, Raab said. BMW said it had sold 230,700 cars in China during Read more [...]

Studio Babelsberg’s co-production of the upcoming Captain America sequel and Steven Quale’s action film The Lake are to benefit from new German funding specifically targeted at VFX studios. The new opportunities came after the Munich-based regional film fund FFF Bayern extended its dedicated international co-production funding programme to include support for VFX producers based in Bavaria.According to Ilse Aigner, Bavaria’s Minister for Economics and Media, Energy and Technology, the Read more [...]

BMW says second quarter profits fell 1% to 1.75 bn euros Frankfurt (AFP) - German automaker BMW said Tuesday its second quarter profits fell back by one percent, a figure which nevertheless was better than analysts predicted.The Bavaria-based group saw its net profits slip to 1.75 billion euros ($1.92 billion) from April to June against 1.77 billion euros for the same period last year.Sales of its main BMW brand cars grew by 4.9 percent on last year, while Read more [...]

Published: 4 August 2015 2:24 PM

  Calls for deployment of German army to deal with refugees By Martin Kreikenbaum 4 August 2015 Refugees in Germany face miserable living conditions, with many forced to reside in hastily and poorly built tent camps. In Bavaria, the first emergency camps for Balkan refugees have opened, and calls are growing for the deployment of the German army. The emergency situation created by the authorities is aimed at deterring refugees from seeking Read more [...]

Habesha is the ninth brewery in Ethiopia with heavyweight Bavaria among its shareholders. Addis Ababa, Ethiopia- Habesha Beer started distribution on July 11, 2015, 20 days after commencing production, with a limited market in Debre Birhan, Addis Abeba and Adama. In terms of share capital distribution, Habesha Beer has 8,800 shareholders including idirs,equbs, and Ethiopians in the Diaspora, with shares of 4,000 Br to 5,000,000 Br, Yonas Alemu, Habesha’s commercial director disclosed.  Bavaria Read more [...]

Germany has plenty of flashy tourist attractions, if you're into that type of thing. There's modern Berlin, Gothic Cologne, the painstakingly recreated Dresden and the Old City in Heidelberg, just to name a few. And then there's Bavaria. Straddling the borders with Austria and the Czech Republic, Bavaria remained independent of Germany until 1871. A trip to the 20,000-square-mile area can include everything from cities (Munich, Nuremberg) to castles (Neuschwanstein) to stunningly beautiful Read more [...]

The strange incident took place in the town of Zirndorf in northern Bavaria on Sunday evening, reports the Augsburger Allgemeine. When police arrived at the scene they discovered a 26-year-old man inside the coffin. But far from being a corpse, he was merely trying to get a few winks of sleep. The man explained that he had recently bought the coffin and had refurbished it to make it comfortable for sleeping in. After he promised to stop sleeping in his coffin in public spaces the police Read more [...]

Former Bayern Munich captain Stefan Effenberg has tipped Josep Guardiola to depart the club in 2016, ergo the year when the Catalan’s lucrative contract in Bavaria expires. The former Barcelona mastermind is heading into his third season at the helm of Bayern, vying for a first Champions League triumph with the German behemoth. However, a myriad of pundits and columnists think that ‘Pep’ will part ways with the club next year. Effenberg – a renowned hard-tackling midfielder Read more [...]