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BMW Developing Organic OLED Lighting

BMW is developing a new organic light emitting diode lighting system for cars and motorcycles. Unlike conventional LEDs, organic LEDs (or OLEDs) uses wafer-thin semiconductive layers made from organic polymers to produce light. OLEDs are more efficient and emit less heat than LEDs.

BMW Reports 2012 Sales Results

BMW released its year-end 2012 financial report, reporting revenues of 1.49 billion euros (US$1.93 billion) from its motorcycle business in 2012, up from 1.44 billion euros in 2011. The increased revenues came in a record year for BMW with the company selling an all-time record of 106,358 motorcycles in 2012. Despite the increase in sales revenue, BMW reported a much smaller profit from its motorcycle business, earning 9 million euros (US$11.6 million) in 2012, compared to 45 million euros in 2011.

BMW to Partner with India’s TVS Motor Company

BMW is getting closer to signing a partnership agreement with India’s TVS Motor Company. The partnership, expected to be finalized before the end of March, would see TVS receive access to BMW technology while the German manufacturer would increase its footprint in the world’s second most-populated nation. TVS is one of India’s largest manufacturers but it has recently slipped to fourth from third behind Hero MotoCorp, Bajaj Auto and Honda.