German car maker- BMW AG owed its second quarter net profit to the China, as there is tremendous increase in the sales of its 5-series sedan and X-3 sport luxury models in the country. The total profit that Munich based company has witnessed is euro1.81 billion ($2.5 billion).

Automobile production has been encouraged in India. Indian government has redefined the meaning of completely knocked down (CKD) auto components. Higher import duties are assigned to assembled engines and gearboxes.

Earlier there is 10% import duty on CKD but now it has been raised to 30%, to encourage domestic manufacturing of the cars.

According to a new report, the Daimler AG's Mercedes-Benz and Bayerische Motoren Werke AG's line up has closed the gap with Lexus model from Toyota Motors to compete for the top spot as this year’s top-selling luxury automobile brand in the US.

German luxury car maker, BMW is voluntarily recalling about 350,000 cars from across the world due to a problem in the power braking system from leaks, which, the company says has not caused any accidents.

According to deal signed in Trollhattan of western Sweeden BMW, the Stockholm-German carmaker will be delivering engines to Saab Automobile, the group based in Sweden.

The deal which has been signed in the main factory of Saab said that the car maker will be supplied with four cylinders and one decimal six litre gasoline engines which are turbocharged by BMW from 2012.

German premium car maker, Mercedes Benz, which recently won back its pole position from BMW in the India luxury car market, is expected to expand customer base in the country with pre-owned cars.

German Luxury carmaker, BMW has confirmed reports about a new coupe for 2012 featuring four doors after a number of reports appeared over the internet.

Klaus Draeger, BMW’s R&D chief expressed that the vehicle will be in line with other 6-series models in terms of pricing and technology. Auto experts are predicting that it can either be a new four door vehicle in the 6 series itself or may feature in the new 8 series.