Cars
Bentley Reports Record Sales and Profits for 2007
Under the guidance of the Volkswagen Group, Bentley reported record sales and profits for the 2007 calendar year that ended on 31 December 2007. The British luxury carmaker increased its net revenue by €36m or 2.7% compared with 2006, to set a new record of €1.37bn. Operating profit increased by €18m or 13.1% to a new operating profit record of €155m. In terms of car sales, 2007 was the best year ever for Bentley as the company surpassed the 10,000 unit mark for the first time. Global sales increased by 7% in 2007 to reach 10,014 units. Increases were seen in most major markets: +7% in the UK, +4% in North America, +7% in Europe, +18% in the Asia Pacific region, and +93% in China. –Continued
Commenting on these financial results, Bentley Chairman and CEO, Dr Franz-Jozef Paefgen, said: “2007 was a milestone in the history of Bentley as we passed the 10,000 units for the first time. Five years ago we were selling only 1000 units but the development of a strong product line has seen the Company attract new customers in greater numbers. 2007 saw strong growth both in mature markets, such as Germany, the UK and the US, as well as in emerging markets, such as China and Russia.â€
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Lamborghini's Profits Surge 27.4% In 2008, Cautious On 2009 Outlook
Helped by its drive to cut costs, VW Group owned Italian supercar Lamborghini managed to report a 27.4 percent increase in pretax profits in 2008 over 2007 despite the fact that its sales remained virtually the same. More specifically, turnover increased...
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Gm’s Q1 Global Sales 1% Down At 2.25 Million Vehicles
The General announced that it sold 2.25 million cars and trucks around the world in the first quarter of 2008, down less than one percent compared to the previous period. Strong first quarter sales in GM's Latin America, Africa and Middle East and...
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Audi Group Reports More Successful Fiscal Year Ever
The 2007 fiscal year proved the most successful in Audi’s history as the German luxury carmaker achieved record figures for production, vehicle sales, revenue and profit. “We’re looking back on the most successful fiscal year in the...
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Honda: All-time Record Sales In Europe In 2007
Honda announced that it achieved all-time record car sales in the European market in 2007 with 398,960 units, an increase of 21.5% over 2006. This is the fourth consecutive calendar year Honda has posted record sales in Europe, whilst national sales records...
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Oh My Ghosn… Nissan Announces First Decline In Profits Since 2000
For the first time since 2000 when “Le-Cost-killer†Carlos Ghosn took over the fates of Nissan as CEO, the Japanese firm announced a drop in profits. Specifically, for the financial year that ended in 31 March (FY2006) Nissan’s net...
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