Tag Archives: credit

Motorsport

Alpine A110 R Autobahn Run Proves French Coupe Doesn’t Get Enough Attention

It’s safe to say that the Alpine A110 doesn’t receive the recognition it deserves. This small sports car boasts a lightweight design and a powerful turbocharged engine. With its origins rooted in the expertise of Renault’s engineers, this vehicle offers a winning combination. In its most extreme version, the A110 competes favorably with the Porsche 718 Cayman. Still skeptical? Just take a look at the video above.

The footage showcases an Alpine A110 R during a high-speed test conducted on the Autobahn. This particular variant represents the most potent and upgraded version of the sports coupe, which debuted in October of last year. While power is undoubtedly important, there’s an even more impressive figure – the car weighs just 2,385 pounds (1,082 kilograms). Achieving this weight was made possible through a deliberate implementation of carbon fiber, thereby reducing the car’s overall weight by approximately 75 pounds (34 kilograms).


BMW

BMW Group successfully completes €8bn revolving credit facility

Munich. The BMW Group has signed a €8.0 billion syndicated revolving credit facility (RCF) with a tenor of five years and two one-year extension options.

A total of 43 international and regional banks from Europe, America and Asia have taken part in the transaction. With BNP Paribas, Citi and Deutsche Bank as coordinating bookrunners, the BMW Group has replaced the existing RCF of €8.0 billion signed in 2017.

For the first time, the BMW Group has consistently presented its strategic focus on sustainability within the syndication process: First, it handed a newly developed, comprehensive sustainability factsheet over to the banks involved to provide transparent information on its progress and goals. In a second step, the BMW Group issued questionnaires to the lenders, aiming at reflecting the outside-in perspectives of its sustainability performance, providing impetus for the continuous further development of sustainability communications.

“At the BMW Group, sustainability is practiced in its three facets -economically, ecologically and socially. It is present in the various divisions of the company, its goals are omnipresent, and sustainability is the focus of our long-term strategy. For the first time, we have comprehensively revealed our corresponding activities in a global financing process,” said Walter Mertl, Chief Financial Officer of BMW AG in Munich on Wednesday. “For us, sustainability means more than just achieving selected key figures. Our cross-company approach goes far beyond that, and we present our progress transparently and comprehensibly for the capital market and the public.”

The syndication process was completed by an exchange of the participating banks with the company’s sustainability experts, who explained and made transparent in more detail the strategic direction and sustainable transformation of the BMW Group.

The syndicated revolving credit line is one of the standard financing instruments of BMW Group Corporate Finance and serves to secure short-term access to liquidity. In the history of the company, the RCF has never been drawn.

If you have any questions, please contact:

 

BMW Group Corporate Communications

Britta Ullrich

Spokesperson Finance

Telephone: +49 89 382-18364

Email: britta.ullrich@bmwgroup.com

Eckhard Wannieck

Head of Corporate, Finance and Sales Communications

Telephone: +49 89 382-24544

Email: eckhard.wannieck@bmwgroup.com

Media website: www.press.bmwgroup.com

Email: presse@bmwgroup.com