BMW predicts better sales and earnings for 2010 on the back of an increase in sales

by Alex

There is news that BMW is raising its sales figures for 2010 and also it’s earning forecasts for the year. This has been due to the better than expected sales of its cars in China combined with the robust demand for BMW AG’s new 5 series sedan.

Buoyed by the good performance, the German luxury car maker has predicted an increase by 10 percent for their sales in this year. This translates to about 1.4 million cars and SUVs. Their estimates have it that the increase in operating margin in the automotive unit would be 5 percent. Economic recovery in Europe and the demand in China has been the main reason for the increase in sales of the Daimler AG’s Mercedes-Benz and Volkswagen AG’s Audi.

Also, BMW stocks are the best to be picked up right now as per John Buckland, an analyst at MF Global UK Ltd. BMW has risen by 7.9 % to 41.96 Euros in Frankfurt when trading closed. This is the sharpest rise since Sept 9, 2009. At 1:16 the stock traded at 41.81 Euros which puts the car maker at a value of 26.7 billion Euros or $33.6 billion.

Source: 4wheelsnews

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More