BMW posts whopper of a profit

BMW AG, the world's largest premium automaker, said Thursday its profit rose 28 percent in 2006, boosted by a one-time gain from the sale of a stake in British aircraft engine manufacturer Rolls-Royce PLC and strong car sales.
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chewy - 3/9/2007 12:48:03 AM

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Earnings were bolstered by a one-time gain of 372 million euros ($488.62 million) from the settlement of an exchangeable bond on shares in Rolls-Royce.

sewingmachine - 3/9/2007 2:25:21 AM

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anyone know how much their worth? there was an article in motortrend where bmw and merc made an agreement with porsche awhile ago that they would not make a highend sports car similar to the 911, to help porsche stay afloat. but since audi has made the r8 their going to get in the battle.

d1sinfo - 3/9/2007 10:00:08 AM

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Wow that sounds odd. I think Porsche probably has higher profit per car, and a large chunk of change ensuring there financial stability for some time.

Can you dig this up, I wouldn't mind checking it out.

Josh

Larry - 3/9/2007 7:40:39 AM

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Finally some good BMW press, Being #1 is not easy, for the past 3 years they have been more profitable than Mercedes. and please give me a break from than VW/Audi BS.

no1listensanyway - 3/9/2007 1:42:49 PM

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Too bad Airbus can't pull these profits.