03 Aug '11, 5am

BMW on track to post record profits and sales volume

BMW on track to post record profits and sales volume

BMW is on a roll, and has just revealed that the first half of 2011 was the company’s best ever, thanks to rising sales and profits. In fact, the Munich based carmaker is firmly on track to achieve its best ever year in terms of profit and sales volume. “We are aiming to achieve a record-breaking profit before tax and to increase sales volume by over 10 per cent to a new high of more than 1.6 million vehicles. We are well on track to remain the world’s leading manufacturer of premium cars,” said CEO Norbert Reithofer. For the second-quarter of 2011, profits jumped 66% year-on-year to 2.85 billion euros, while sales were up by 18.5% to 450,608 vehicles. Q2 was also kind to BMW’s MINI brand, which saw a 35.6% sales jump. For the first half of the year, 141,913 MINIs found new homes, including 40,171 units of the Countryman, the brand’s latest model (read our test drive repor...

Full article: http://paultan.org/2011/08/03/bmw-on-track-to-post-record...

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