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      08-02-2011, 10:19 AM   #1
Jason
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Post BMW Posts Record Quarterly Profit

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BMW Posts Record Quarterly Profit
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BMW earned a record profit in the second quarter of 2011, the highest profit margin of all 3 top luxury car makers. BMW's second-quarter Ebit climbed 66 percent to 2.86 billion euros

The record sales and profit have been driven by demand of the 5-series and X3, as well as growing sales in China. Deliveries of the 5 series jumped 80 percent this year and the X3 has more than doubled, resulting in an 18% rise in BMW brand's first half deliveries. BMW is currently producing at its production limits.

“The first half of 2011 has been the best six-month period in the BMW Group’s history. We have achieved new sales volume, revenues and earnings records both for the second quarter and the six-month period. Strong demand worldwide for BMW, MINI and Rolls-Royce brand cars, together with efficiency improvements in all areas of the company have contributed greatly to this outstanding performance”, stated Norbert Reithofer, Chairman of the Board of Management of BMW AG on Tuesday in Munich.

In view of strong demand for the new BMW 5, 6 and 7 Series and for its successful X models (the BMW X1, X3, X5 and X6) and thanks to greatly improved cost efficiencies, the BMW Group now expects that its full-year performance will be significantly better than originally forecast. For this reason, the earnings and sales volume forecasts for the full year were raised in mid-July.

Source: BMW


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      08-02-2011, 10:21 AM   #2
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Sounds good... if only they used those profits to make the new 1er look somewhat decent. Nevertheless, BMWFTW.
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      08-02-2011, 10:33 AM   #3
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Sounds good... if only they used those profits to make the new 1er look somewhat decent. Nevertheless, BMWFTW.
lol
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      08-02-2011, 11:21 AM   #4
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Originally Posted by SE3P_to_E90 View Post
Sounds good... if only they used those profits to make the new 1er look somewhat decent. Nevertheless, BMWFTW.
I totally agree! And maybe use that money to improve RWD instead of make FWD!
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      08-02-2011, 11:41 AM   #5
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There is a Shoe for every foot.

Quote:
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Sounds good... if only they used those profits to make the new 1er look somewhat decent. Nevertheless, BMWFTW.
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      08-02-2011, 01:53 PM   #6
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I am not quite sure this is what all of us would want to hear...
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      08-02-2011, 05:47 PM   #7
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I have seen today the ugliest car ever Audi A7 just thinking about it I feel like trowing up
Why does all the brands fell that they should build 4 door coupes?
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      08-02-2011, 07:02 PM   #8
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There is a Shoe for every foot.
In the car business we say "There's an ass for every seat"
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      08-02-2011, 09:19 PM   #9
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Quote:
Originally Posted by rvladescu View Post
I have seen today the ugliest car ever Audi A7 just thinking about it I feel like trowing up
Why does all the brands fell that they should build 4 door coupes?
Because the CLS was a success
So BMW and Audi have to imitate so they don't lose market share
Stupid mentality but that's the way it is

It doesn't take a rocket scientist to realize that if you keep increasing your sales, at some point, you become the run of the mill car, no longer premium
At that point resale values will start to drop
And the then the premium image of BMW will be gone
So increased profits at the expense if selling out is no reason to be jolly
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      08-03-2011, 07:50 AM   #10
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Also its rivals have very good sales so this is great for BMW to stay on top
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      08-03-2011, 11:45 AM   #11
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Quote:
Originally Posted by SE3P_to_E90 View Post
Sounds good... if only they used those profits to make the new 1er look somewhat decent. Nevertheless, BMWFTW.
+1 Or design a properly working fuel pump?
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      08-03-2011, 08:16 PM   #12
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Quote:
Originally Posted by rvladescu View Post
I have seen today the ugliest car ever Audi A7 just thinking about it I feel like trowing up
Why does all the brands fell that they should build 4 door coupes?
There was an S-Line A7 in the parking lot at my workplace. What an awesome looking car. I don't understand why you don't like it.
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