BMW forecasts a hefty rise in 2010 across its entire business

Due to the release of new car models, BMW’s 2010 pretax profit is expected to increase significantly. With the improvement in the economy, corporate fleet sales at premium carmakers are seen to rise.

Fiat S.p.A. and other rivals, specifically with regards to volume, are reeling from the termination of the incentive program that had driven up the sales of minis and subcompacts in 2009. During a news conference last Wednesday to announce its annual results, CEO Norbert Reithofer said that as the company works to hit profitability targets for 2012, it hopes to see visible progress starting this year.
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Cleankutazn - 3/17/2010 6:56:08 PM

+1 Boost

The economy is getting better? I thought it was getting worse.

enthusiastx11 - 3/18/2010 1:07:22 AM

0 Boost

there's plenty of money left on the planet. the rich remain rich and their not going to start driving camrys.

enthusiastx11 - 3/18/2010 1:06:41 AM

0 Boost

bmw's 2011 model year line-up is astounding. anyone--even those who bash the brand--must admit that. so it's no surprise that they expect sales and profit to rise substantially.