Cars
Hit by the global financial and economic crisis, the BMW Group that consists of the BMW, MINI and Rolls Royce brands reported a loss before interest and taxes of €55 million in the first quarter of the year. That's compared to an operating profit of €827 million the same period a year ago. The Bavarian automaker said it is almost impossible to predict how the global economy will fare in the near future and that it is still currently not feasible to give reliable earnings forecasts. However, the firm's CEO Norbert Reithofer told reporters that he doesn't expect the market to recover before 2010.
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Ferrari Posts €54 Million Trading Profit In The First Quarter Of 2009
Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any...
- Bmw Group's Global January Sales Down 24.2%, Mini Hit The Worst
If January's sales are anything to go by, 2009 will be an even more difficult year for automakers. The BMW Group that includes the BMW, MINI and Rolls-Royce brands, sold 70,405 vehicles globally in January, down 24.2 percent from the same month last...
- Bmw Group Global Sales Plummet 25.4% In November
The continued market downturn resulted in a significant decline in sales in November for the BMW Group that consists of the BMW, MINI and Rolls-Royce brands. The automotive group saw its global sales in November plunge by 25.4% to 96,570 units compare...
- Bmw Group: Increased Sales & Revenues For Third-quarter
The BMW Group has announced increased sales volume and revenues and earnings figures for the third quarter of 2007. However, despite the improvement in third quarter profits before tax (+6,3%), the group’s overall profit before tax during the first...
Cars
BMW Group Posts €55 Million Loss in First Quarter, Worldwide Sales Plunge 21.2%
Hit by the global financial and economic crisis, the BMW Group that consists of the BMW, MINI and Rolls Royce brands reported a loss before interest and taxes of €55 million in the first quarter of the year. That's compared to an operating profit of €827 million the same period a year ago. The Bavarian automaker said it is almost impossible to predict how the global economy will fare in the near future and that it is still currently not feasible to give reliable earnings forecasts. However, the firm's CEO Norbert Reithofer told reporters that he doesn't expect the market to recover before 2010.
In terms of sales, the total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers in the first quarter of the year fell by 21.2% to 277,264 units (first quarter 2008: 351,787 units).
Surprisingly, MINI was hit the worst recording a 24.9% decline to 43,592 units versus 58,054 units sold in the first quarter of 2008. Sales of BMW brand cars dropped by 20.5% to 233,498 units compared to 293,550 units a year ago while Rolls Royce sales remained relatively stable at 174 units, which translates to a 4.9% decrease over the same period in 2008 when the company sold 183 vehicles.
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Ferrari Posts €54 Million Trading Profit In The First Quarter Of 2009
Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any...
- Bmw Group's Global January Sales Down 24.2%, Mini Hit The Worst
If January's sales are anything to go by, 2009 will be an even more difficult year for automakers. The BMW Group that includes the BMW, MINI and Rolls-Royce brands, sold 70,405 vehicles globally in January, down 24.2 percent from the same month last...
- Bmw Group Global Sales Plummet 25.4% In November
The continued market downturn resulted in a significant decline in sales in November for the BMW Group that consists of the BMW, MINI and Rolls-Royce brands. The automotive group saw its global sales in November plunge by 25.4% to 96,570 units compare...
- Bmw Group: Increased Sales & Revenues For Third-quarter
The BMW Group has announced increased sales volume and revenues and earnings figures for the third quarter of 2007. However, despite the improvement in third quarter profits before tax (+6,3%), the group’s overall profit before tax during the first...