Mexican Media Brands
BMW Group Posts Another Record Year
BMW AG reports its earnings in 2014 before interest and taxes climbed to €9.1 billion from €8 billion in 2013.
#economics
Share
BMW AG reports its earnings in 2014 before interest and taxes climbed to €9.1 billion from €8 billion in 2013. Net income advanced 9% to €5.8 billion. Both figures marked five consecutive years of record gains.
Group revenue last year grew 6% to €80.4 billion. Unit sales rose 8% to 2.12 million units, surpassing the 2-million mark for the first time. The debut of new BMW brand models and product lines offset a 4% decline in demand for its top-selling 3 Series cars.
Sales of the group's Mini brand slipped 1% to 302,200 units in 2014. Deliveries of ultra-luxury Rolls-Royce cars soared 12% to 4,100 units.
By region, group sales advanced 6% to 914,600 units in Europe and 14% to 658,400 in Asia. Volume in the Americas climbed 4% to 482,300 unit, led by 5% growth to 376,600 units in the U.S.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.