(Manager- Magazin) Printed edition big Article on BMW & New strategy

More commentrs about apple and th potential collabotrration between the 2 companies...

BMW has been a huge Underperformer lately, mostly becasue of its Chinese Exposure...maybe time to come back on an another Story...Apple partnership on electric care will be a game changer/killer in the industry...

Find attached the full article in PDF but in german...

NY Post : Are Apple & BMW making an electric car together?

Apple and BMW share a fondness for sleek engineering, but is that enough for them to bond over an electric car?
Reports out of Germany are giving the proposition a definite maybe — with claims the two are teaming up to take on Tesla.
Apple has been talking with BMW since the fall of 2014 about appropriating aspects of the company’s i3 electric car, according to German business magazine Manager Magazin.
The i3, BMW’s first all-electric vehicle, is said to have a carbon-fiber body that Apple wouldn’t mind incorporating into its own entry in the $1 trillion auto industry.
Tech and Tesla watchers have been aflutter since February after The Wall Street Journal reported Apple CEO Tim Cook had signed off on an electric-car project, code named Titan, in 2014.
Adding fuel to the fire was Apple’s recent hiring of Chrysler veteran Doug Betts and a slew of other automotive experts.

NY Post : Activist Peltz ready for another round in battle with DuPont

Nelson Peltz is down but not out.
The billionaire activist, who lost a high-profile proxy battle with DuPont earlier this year, is ready to renew his public attack on the slumping chemical giant, The Post has learned.
“He is watching [DuPont] very closely,” a source close to Peltz told The Post.
Peltz’s Trian Fund Management still holds a 2.7 percent stake in Wilmington, Del.-based DuPont and has no intention of selling shares, the source added.
DuPont, led by CEO Ellen Kullman, gave Peltz more ammunition Tuesday when it reported second-quarter results that fell short of estimates.
The company also cut its full-year earnings forecast, citing the spin-off of its performance chemicals unit and a weak demand for farm products like pesticides and seeds.
The stock, which has fallen more than 20 percent this year, was down 4.8 percent to $54 in trading Tuesday morning.
“Peltz will have plenty of time and ammunition to keep coming after DuPont,” said one analyst who declined to be named.
DuPont in May beat back Peltz, who was pushing to streamline operations and potentially break up the company in his campaign to gain four board seats.
Kullman won over shareholders thanks largely to the July 1 spin off DuPont’s Chemours chemicals unit and the expectation of a $100 million quarterly dividend paid to DuPont shareholders.
But Chemours’ disappointing results signal it can no longer afford that big a dividend, said the analyst, adding: “It might be lowered by half.”

(BFW) Spain Regulator Imposes EU171M in Fines for Car Industry

BN 07/28 13:19 *SPAIN REGULATOR IMPOSES EU171M IN FINES FOR CAR INDUSTRY
BN 07/28 13:19 *SPAIN CNMC REGULATOR IMPOSES FINES ON CARMAKERS
Spain Regulator Imposes EU171M in Fines for Car Industry
2015-07-28 13:35:35.799 GMT


By Maria Tadeo
(Bloomberg) -- Spain markets and competition regulator
fines 21 automakers and distributors, 2 consultancy cos for
practices aiming at restricting competition.
• CNMC says companies shared sensitive commercial and strategic
information in Spanish distribution market, after-sales services
• Companies fined include Automoviles Citroen Espana with
EU14.8m penalty; Ford Espana EU20.2m, General Motors Espana
EU22.8m, Renault Espana Comercial EU18.2m
• CNMC comments in e-mailed statement

Link to Company News:{UG FP <Equity> CN <GO>}
Link to Company News:{RNO FP <Equity> CN <GO>}
Link to Company News:{GM US <Equity> CN <GO>}

For Related News and Information:
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First Word newswire: {NH BFW<GO>}

To contact the reporter on this story:
Maria Tadeo in Madrid at +34-91-700-9624 or
mtadeo@bloomberg.net

To contact the editor responsible for this story:
Charles Penty at +34-91-700-9654 or
cpenty@bloomberg.net

>>> AK Steel beats by $0.03, reports revs in-line

AK Steel beats by $0.03, reports revs in-line

Reports Q2 (Jun) loss of $0.36 per share, $0.03 better than the Capital IQ Consensus Estimate of ($0.39); revenues rose 10.4% year/year to $1.69 bln vs the $1.71 bln consensus.
  • Co announces Q2 shipments of 1,811,700 tons vs 1,397,500 tons last year and 1,750,500 tons in 1Q15.
  • "Continued strength in the automotive market contributed to an overall increase in automotive market and total shipments quarter-over-quarter for the company...Unfortunately, however, continued high levels of what we believe are unfairly traded imports significantly impacted selling prices in the carbon steel spot market, which negatively impacted the company's results."
  • Q3 Outlook: Co expects to generate improved results for Q3 and 2H15 relative to Q2 and 1H15, respectively. Chief among these reasons are anticipated higher shipments, improving carbon steel spot market prices, increased production levels resulting in lower per ton operating costs, and the continuing benefit of lower raw materials costs, in particular, iron ore. The company expects shipments to customers in its largest market, automotive, to remain strong. In addition, the company expects imports of carbon steel products will continue to decline in 2H15, principally because of the pending and anticipated future steel industry trade cases.

>>> Oaktree Capital misses by $0.10, misses on revs

Oaktree Capital misses by $0.10, misses on revs

Reports Q2 (Jun) earnings of $0.44 per share, excluding non-recurring items, $0.10 worse than the Capital IQ Consensus Estimate of $0.54; revenues fell 10.7% year/year to $270.1 mln vs the $310.94 mln consensus.
  • Capital inflows drove the growth in AUM. Gross capital raised was $6.3 bln for the second quarter of 2015 and a record $24.0 bln for the last twelve months
  • Jay Wintrob, CEO, said, "Second quarter adjusted net income declined year over year primarily due to lower overall returns from our fund investments. Fundraising in the second quarter totaled $6.3 bln, helping to achieve our highest-ever assets under management of $103 bln at June 30, up 13% from a year ago. Gross capital raised over the last twelve months of $24 bln set a new record for any such period, demonstrating the trust and confidence that our clients continue to place in us and the strength of our firm-wide distribution activities. With record dry powder of $20.1 bln, we're well positioned for future investment opportunities across multiple strategies."