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
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.