BMW ADR

Citigroup sees signs of an imminent recovery in the automotive sector despite expected headwinds in the third quarter. Analyst Harald Hendrikse assigned BMW a "Positive Catalyst Watch" (90 days) and expects short-term positive share-price drivers; supplier Forvia also received a short-term Positive Catalyst Watch (30 days). Possible triggers include tighter EU rules targeting Chinese competitors, solid registration numbers in the US and Europe, and cost-cutting announcements at investor events through mid-October. » Altro su de.investing.com

Citigroup placed BMW on "Positive Catalyst Watch" with a 90-day time frame and kept the rating at neutral. Analyst Harald Hendrikse expects short-term positive price drivers, supported by improved China expectations and very low market expectations ahead of the capital markets day under new management. The shares rose on XETRA by around 3.1% to about €61.82, with possible short covering cited as another driver. » Altro su finanzen.net

BMW used software to play a Spider-Man animation in cars that had already been sold, showing how manufacturers can use vehicles as platforms for content and additional revenue after purchase. Such over-the-air functions make it possible to retrofit new services, advertising or paid features, even though the hardware is already in the car. Critics see this as a distancing of the cabin and an increasing control by manufacturers over the use and monetization of vehicle functions. » Altro su n-tv.de