January 16, 2018 8:49 AM ET

Specialty Retail

Company Overview of BMW of North America, LLC

Company Overview

BMW of North America, LLC engages in the import and distribution of BMW luxury/performance vehicles. The company offers sedans, coupes, convertibles, SAVs, and sports wagons; diesel, hybrid, and electric vehicles; and accessories. It also provides various lease and retail financing options to suit their needs for new or pre-owned BMW cars, motorcycles, or SAVs. The company was founded in 1975 and is headquartered in Woodcliff Lake, New Jersey. It has a vehicle preparation center in Port Jersey, New Jersey; and a regional distribution center in Nazareth, Pennsylvania. BMW of North America, LLC operates as a subsidiary of Bayerische Motoren Werke Aktiengesellschaft.

300 Chestnut Ridge Road

Woodcliff Lake, NJ 07677-7731

United States

Founded in 1975

Phone:

201-307-4000

Fax:

201-307-4095

Key Executives for BMW of North America, LLC

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President of Finance
Head of Corporate and Special Sales
Vice President of Corporate Communications
Age: 65
Vice President of Operations - North America and COO of BMW Group Financial Services Americas
Compensation as of Fiscal Year 2017.

BMW of North America, LLC Key Developments

Kessler Topaz Meltzer & Check, LLP Announces Consumer Class Action Filed against BMW of North America, LLC and Bayerische Motoren Werke Aktiengesellschaft for Defective Sunroofs

The law firm of Kessler Topaz Meltzer & Check, LLP announced that it has filed a class action lawsuit against BMW of North America, LLC and Bayerische Motoren Werke Aktiengesellschaft (collectively "BMW") in the District of New Jersey on behalf of all persons in the United States who purchased, own, owned, lease or leased the following BMW or MINI vehicles containing a sunroof or moonroof: MY 2005-2013 BMW 3 series; MY 2004-2018 BMW X5s; MY 2005-2018 X3s; MY 2009-2018 BMW X1s; MY 2008-2018 MINI Clubmans; MY 2006-2008 MINI Coopers; MY 2011-2018 MINI Countrymans; MY 2009-2018 MINI Hardtops; and MY 2013-2016 MINI Pacemans. BMW and MINI began installing panoramic sunroofs/moonroofs in certain vehicles in or around 2004, generally marketing the panoramic sunroofs/moonroofs as a luxury upgrade. However, the vehicles equipped with the sunroofs/moonroofs expose drivers and passengers to a risk of sudden explosion or shattering. In addition to the defect in panoramic sunroofs, non-panoramic sunroofs/moonroofs installed in BMW 3 series vehicles are also prone to shattering. The complaint alleges that the defective sunroofs/moonroofs are defective in design, manufacturing, materials and/or workmanship. The complaint also alleges that BMW has wrongfully refused to cover replacement of the defective sunroofs/moonroofs, which typically cost thousands of dollars, under the applicable warranties. Further, despite BMW's knowledge of the defect in the sunroofs/moonroofs, BMW never disclosed to owners or lessees that the defect exists or that drivers and occupants of the vehicles are at risk. BMW owner/lessees have lodged numerous complaints with the federal government about exploding sunroofs in their vehicles. Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).

BMW of North America, LLC Reports Sales Results for the Month and Year to Date Ended November 2017

BMW of North America, LLC reported sales results for the month and year to date ended November 2017. For the month, the company’s total vehicle sales were 32,087 against 30,696 a year ago. For the year to date, the company’s total vehicle sales were 313,926 against 327,711 a year ago.

BMW of North America, LLC Reports Sales Results for the Month and Year to Date Ended October 2017

BMW of North America, LLC reported sales results for the month and year to date ended October 2017. For the month, the company’s total vehicle sales were 26,877 against 27,971 a year ago. For the year to date, the company’s total vehicle sales were 281,839 against 297,015 a year ago.

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