Inadvertently, details of some of BMW’s models ‘leaked’ out along with the release of their financial reports for the first quarter of this year. For instance, it is now confirmed that the 5-Series GT and the X1 will get here by the end of the year. This was confirmed by BMW along with the financial reports released.
On the other hand, BMW lost 13.4 percent of its profits for the first quarter this year compared with the same time last year, translating to a 55 million Euro loss, putting revenues at 11,509 million Euros. Translating that to number of units sold, BMW went down by 21.2 percent to 277,264 units. The MINI went down 24.9 percent to 43,592 units in contrast to last year where it sold 58,054 cars and Rolls Royce dropped by 4.9 percent to 174 units. BMW considers 2009 as a year for change, but hopes that the new models, the 5 Series GT and X1, together with established brands will do their part in boosting sales.
Read Article