BMW will simplify its manufacturing procedure, providing less variations of engines and equipment, to balance out high research and development (R&D) costs through 2019, the German automaker’s financing chief Nicolas Peter stated on Wednesday. Automaker is developing electric, autonomous and connected cars along with the vehicles with combustion engines to meet more rigid emissions tests.
BMW Group expects sales in China to increase around 10 percent this year while worldwide sales are likely to climb between 5 percent to 5.5 percent, BMW board member for sales and marketing Ian Robertson stated at the 2017 Shanghai Motor Show. Asked exactly what growth rates he expects for BMW Group, which includes the
Sales for BMW‘s China venture are anticipated to increase at least 20 percent year-on-year this year, the premium automaker’s local joint venture partner stated on Friday. The full-year estimate is based upon a 44 percent year-on-year increase in the first two months of this year, Chairman Wu Xiaoan of Luster China Automotive Holdings, BMW’s 50-50
BMW’s profit margins on automobiles drop in the third-quarter Struck by costs on more engineering personnel and brand-new electrical car innovations versus a background of stiffer cost competitors in the United States high-end vehicle market. BMW and its competitors are having a hard time to preserve earnings levels in the middle of heavy financial investment
Audi increased worldwide sales 2.9 percent in August on high demand in its key Chinese market for luxury compact vehicles including the A3 and Q3 models. The Volkswagen-owned department on Tuesday stated that deliveries increased to 132,350 vehicles last month from 128,647 a year earlier, with eight-month sales boost 4.9 percent at 1.23 million. Sales
BMW AG’s profit downed 2.5 percent in the first quarter as vehicle prices dropped while continuing battle with Mercedes-Benz to keep its status as the world’s biggest developer of luxury automobiles. The average cost of BMW’s automobiles decreased 5.9 percent to about 33,700 euros ($39,100) in the quarter as demand for cheaper vehicles like the
Deliveries of the BMW AG models have risen about 21 percent to 382,758 units in the first quarter as per company announcements made recently. Ian Robertson, the sales chief of BMW sis, “Sales volume of the year 2011 is expected to rise to well over 1.5 million units, a new all-time high, with the BMW,