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Wednesday, April 7, 2010 as of 11:14 AM ET

BMW

BMW

Bayerische Motoren Werke AG (BMW; ) is a German automobile, motorcycle and engine manufacturing company founded in 1917. BMW is headquartered in Munich, Bavaria, Germany.

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Valets Gone Wild: Who Pays?

You probably hand over your keys to the parking garage attendant without a thought.

But maybe you shouldn't.When a Cocoa, Fla., parking-lot owner was caught recently on camera joy riding in a customer's fire-engine-red 2012 Corvette convertible, the TV footage went viral.Reporters at WFTV-9 in Orlando, Fla., heard that valets at the cruise-ship parking lot had been having fun driving customers' vehicles. So the station set up a sting, sending a couple of "customers" to leave a rented 430-horsepower, $60,000 Corvette at the lot.The lot's owner and employees drove the car 61 miles down highways and dirt roads, unaware their joy riding was caught on camera. Video shows the lot's owner parking the 'Vette at Applebee's for dinner, using it to haul lumber from Ace Hardware, leaving it overnight at his home and even letting a small dog scrabble around on the car's exterior. Confronted by a reporter, though, the man denied he'd used the car.The lot appeared to have shut down soon after the inc...

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  1. Audi April Car Sales Rise On Demand In China, Germany

    Volkswagen AG's (VOW.XE) Audi premium brand Wednesday said global sales rose 14% on the year to 125,200 cars, fueled by China, Germany and the U.S., marking the late...

  2. Kia Motors To Export K9 Sedan To China In 2013, US In 2014

    YANGYANG, South Korea -(Dow Jones)- Kia Motors Corp. (000270.SE) is planning to start exporting its K9 sedan to China next year and the U.S. the year after, Kia Moto...

  3. BMW China Car Sales Continued To Surge In April

    BMW AG (BMW.XE) said Monday that sales in China rose 31% year-on-year in April to 27,197 cars as demand for luxury cars continued to surge despite softening demand i...

  4. BMW , Porsche Profits Rise On Higher Sales

    BMW earnings beat analysts expectations-BMW sticks to 8%-10% profit margin range-Porsche first-quarter sales up 29%FRANKFURT -(Dow Jones)- BMW AG (BMW.XE) and Porsch...

  5. Europe Stocks Higher, Led By Energy, Banks

    European stock markets rose on Thursday, led by banks -- HSBC Holdings PLC , which were rebounding from prior-day losses. The Stoxx Europe 600 index rose 0.4% to 258...

  6. BMW Profit Beats Estimates As Vehicle Sales Surge

    BMW AG (BMW.XE) Thursday posted higher-than-expected earnings for the first quarter fueled by higher sales, but stuck to its conservative profit guidance for 2012 am...

  7. Daimler Didn't Strengthen Defense Strategy, Won't Spin-off Truck Unit -CFO

    Daimler AG (DAI.XE) Chief Financial Officer Bodo Uebber Wednesday dismissed recent media reports suggesting the German auto maker strengthened its defense strategy a...

  8. Audi Hits All-Time High for U.S. Sales

    Audi of America President John de Nysschen on the factors driving the automaker’s sales growth in the U.S.

  9. Six Hybrid Supercars on the Cutting Edge

    Environmentally friendly supercarsRising gas prices and tougher U.S. government gas-mileage requirements for the coming years have forced the car industry to take hy...

  10. BMW Increases Investment In India Financial Services Business

    BMW AG (BMW.XE) said Monday it has more than doubled its investment in India in the financial services business to further expand its operations in this growing mark...

  11. GM Korea To Sell U.S.-Built Chevrolets After Bilateral Free-Trade Pact

    ("UPDATE: GM Korea To Sell U.S.-Built Chevrolets After Bilateral Free-Trade Pact" published at 0514 GMT misstated first-quarter sales and the extent of the increase ...

  12. Daimler CFO Rejects Takeover Speculation; Earnings Rise

    Daimler AG (DAI.XE) Chief Financial Officer Bodo Uebber remained tight-lipped Friday about a possible exit of the German auto maker's largest single shareholder and ...

  1. BMW To Boost China Investment, Opens New Plant In Shenyang

    SHENYANG, China -(Dow Jones)- BMW AG (BMW.XE) and its joint-venture partner Brilliance China Automotive Holdings Ltd. (1114.HK) will together invest an additional EU...

  2. BMW Fined CHF156 Million By Swiss Competition Authority

    Switzerland's competition authority Thursday said it was fining BMW AG (BMW.XE) 156 million Swiss francs ($163 million) for the German motor-vehicle maker's obstruct...

  3. Facebook's IPO Millionaires Begin Spending Spree

    Facebook's $104 billion initial public offering on Friday transformed thousands of young people into instant millionaires – as well as a few billionaires – and alrea...

  4. BMW Eyes Sites In Hungary, Slovakia For Production - Report

    German car maker BMW AG (BMW.XE) is considering Hungary and Slovakia as possible locations for additional production capacity, German business newspaper Handelsblatt...

  5. BMW Keeps 2012 Targets As Economic Risks Persist

    BMW AG (BMW.XE) Wednesday said it sticks to its sales and profit targets for 2012, but warned the European sovereign-debt crisis continues to bear risks for the glob...

  6. Mercedes-Benz India Introduces M-Class SUV As Competition Intensifies

    Daimler AG's (DAI.XE) Mercedes-Benz unit Tuesday introduced the third-generation model of its M-Class sport-utility vehicle in India amid intensifying competition fr...

  7. Nissan To Outsource New Infiniti Model To Magna

    For the first time ever, Nissan Motor Co. will outsource production of one of its Infiniti models, contracting Canada's Magna International Inc. to built a new model...

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