BMW News

BMW News and Updates

BMW will start China car-leasing business in 2012

BMW plans to launch a car-leasing business in China next year. This strategic move of opening a leasing business and a new finance arm will help BMW boost their presence in China’s fast-growing luxury sector. Friedrich Eichiner, a member of the BMW finance management board said: “Based on our experience …

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BMW selling asset-backed securities tied to consumer debt in the U.S.

Bloomberg reports that BMW AG is selling asset-backed securities tied to U.S. consumer debt. Asset-backed securities are secured by company or bank loans for merchandise or services purchased on credit. According the Bloomberg’s report, BMW is issuing $750 million of securities backed by consumer payments connected to car leases. Nissan …

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