Mexican Media Brands
BMW Predicts “Significant” Sales, Profit Gains
BMW AG says this year's debut of 16 new or refreshed models will help push the company's sales volume and pretax profits to record highs.
#economics
Share
BMW AG says this year's debut of 16 new or refreshed models will help push the company's sales volume and pretax profits to record highs.
Last year BMW's group sales totaled 1.96 million vehicles, up 6% on strong demand for its 3 Series cars. The company expects its sales to advance 2% this year, thus topping 2 million units for the first time ever.
BMW also expects to begin reducing its spending on product development from €4.8 billion about 6.3% of revenue last year toward a target of 5%-5.5% a few years from now.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
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.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.