Woodcliff Lake, NJ – June 3, 2010… The Internal Revenue Service today certified that the BMW ActiveHybrid 7 qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. This serves as yet another endorsement for the BMW EfficientDynamics strategy.
The ActiveHybrid 7 combines an electric motor with BMW’s much-praised 4.4-liter twin-turbo V8 and new 8-speed automatic transmission to accelerate from 0 – 60 mph in just 4.7 seconds while delivering impressive EPA fuel economy estimates of 17 mpg city and 26 mpg highway, a near 18 percent improvement over the non-hybrid 750i/Li. The ActiveHybrid 7 features Engine Start/Stop to avoid wasteful engine idling in stop-and-go driving and at traffic lights. The powerful lithium-ion battery enables systems like the radio, Bluetooth phone connection and air-conditioning to continue running when the engine is off. Its compact size minimizes the impact on luggage capacity.
The standard and long-wheelbase versions of the ActiveHybrid 7 become the fourth and fifth BMW models to qualify for the Alternative Motor Vehicle Tax Credit, joining the ActiveHybrid X6 and BMW’s Advanced Diesel 335d Sedan and X5 xDrive35d.
BMW Group In America
BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars; DesignworksUSA, a strategic design consultancy in California; a technology office in Silicon Valley and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is part of BMW Group’s global manufacturing network and is the exclusive manufacturing plant for all X5 Sports Activity Vehicles and X6 Sports Activity Coupes. The BMW Group sales organization is represented in the U.S. through networks of 338 BMW passenger car centers, 336 BMW Sports Activity Vehicle centers, 143 BMW motorcycle retailers, 94 MINI passenger car dealers, and 31 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group’s sales headquarters for North America, is located in Woodcliff Lake, New Jersey.
The BMW Group
The BMW Group is one of the most successful manufacturers of automobiles and motorcycles in the world with its BMW, MINI and Rolls-Royce brands. As a global company, the BMW Group operates 24 production facilities in 13 countries and has a global sales network in more than 140 countries.
The BMW Group achieved a global sales volume of more than 1.43 million automobiles and over 101,000 motorcycles for the 2008 financial year. Revenues for 2008 totaled EUR 53.2 billion, with earnings before interest and taxes (EBIT) of EUR 921 million. The company employed a global workforce of approximately 98,000 associates as of September 30, 2009.
The success of the BMW Group has always been built on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy. As a result of its efforts, the BMW Group has been ranked industry leader in the Dow Jones Sustainability Indexes for the last five years.