Mexican Media Brands
BMW’s Quarterly Profit Climbs as Revenue Slips
BMW AG's group sales dropped 2% to €20.21 billion in the fourth quarter of 2013.
#economics
Share
BMW AG's group sales dropped 2% to €20.21 billion in the fourth quarter of 2013. But pretax earnings grew 7% to €1.9 billion, and net profit climbed 9% to €1.3 billion.
Unit sales in October-December expanded 4% to 527,600 vehicles worldwide.
For the full year, group revenue slipped 1% to €76.1 billion. Pretax earnings advanced 1% to a record €7.9 billion, and net profit grew 5% to a record €5.3 billion.
Vehicle deliveries surged more than 6% to a record 1.96 million units in 2013 as the group's BMW, Mini and Rolls-Royce brands all posted record highs.
Demand for BMW brand cars and crossovers grew 8% to 1.66 million units, led by a 23% jump to 500,300 3 Series cars. Other big sellers included the X1 and X3 small crossovers (+9% to 161,400 units and +5% to 157,300 units, respectively).
The group's Mini brand posted record sale of 305,000 units compared with 301,500 in 2012. Rolls-Royce sales grew 2% to 3,630 luxury cars.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.