Mexican Media Brands
BMW Pretax Profit Climbs 17%
BMW AG reports its earnings before interest and taxes rose 17% to €2.3 billion in the third quarter of 2014.
#economics
Share
BMW AG reports its earnings before interest and taxes rose 17% to €2.3 billion in the third quarter of 2014. Revenue grew 5% to €19.6 billion, and group vehicle sales advanced 6% to 509,700 units.
The company's net profit slipped 1% to €1.31 billion, hurt by higher taxes. Group operating margin improved to 11.5% from 10.3% in July-September 2013.
Automotive operations accounted for revenue of €18.1 billion in the third quarter, up 6%. EBIT jumped 11% to €5.4 billion.
BMW brand sales rose 7% to a record 433,100 units in July-September and 9% to 1.32 billion through the first nine months of the year. Third-quarter Mini sales were flat at 75,600 units and down 8% to 207,500 over nine months.
RELATED CONTENT
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.