Tweet

BMW Group reports second-quarter jump in earnings

04.08.2010: Rise in second quarter EBIT to euro 1,299 million Automobiles segment increases EBIT to euro 1,317 million EBIT margin of 9.6% for Automobiles segment in Q2

Rise in second quarter EBIT to euro 1,299 million 


Automobiles segment increases EBIT to euro 1,317 million


EBIT margin of 9.6% for Automobiles segment in Q2


Six-month EBIT margin of 6.6% for Automobiles segment 


Strong step in 2010 towards achieving profitability targets


Aiming for full-year sales volume growth of around 10% 


 

The BMW Group recorded a significant increase in sales volume, revenues and earnings in the second quarter 2010. Group revenues increased by 18.3% to euro 15,348 million (2009: euro 12,971 million) while the profit before financial result (EBIT) rose to euro 1,717 million (2009: euro 169 million).

This corresponds to an EBIT margin of 11.2%. The profit before tax jumped to euro 1,299 million (2009: euro 151 million), with the profit after tax improving to euro 834 million (2009: euro 121 million). The number of vehicles sold during the period from April to June increased by 12.5% to 380,412 units (2009: 338,190 units).

“Sharp sales volume growth on major markets and a high-value model mix are the main reasons for the strong second-quarter performance. We have also used the economic crisis as a source of opportunity and have improved efficiency significantly in all areas of the company“, stated Norbert Reithofer, Chairman of the Board of Management of BMW AG on Tuesday in Munich. “We have made good progress towards achieving our profitability targets for the year 2012. But we have no intention of resting on our laurels. We are determined to remain on track to make the company sustainably fit for the future”, he continued.

Six-month revenues increased by 13.5% to euro 27,791 million (2009: euro 24,480 million). EBIT for the period amounted to euro 2,166 million (2009: euro 114 million) and the profit before tax was euro 1,807 million (2009: loss before tax of euro 47 million). The Group EBIT margin was therefore 7.8%.

The profit after tax was euro 1,158 million (2009: loss of euro 31 million). The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers during the first six months of the year rose by 13.1% to 696,026 units (2009: 615,454 units).

 

Targeting EBIT margin of over 5% in Automobiles segment in 2010

The strong demand for new models such as the BMW 5 Series and BMW X1 alongside the sharp growth achieved with other models - including the BMW 7 Series - suggest that earnings will continue to rise dynamically during the remainder of the year. In view of the market success enjoyed by our products and the generally improved climate on international car markets, the BMW Group raised its full-year earnings and sales volume forecasts in mid-July.

The company now expects to achieve an even greater improvement in pre-tax earnings than originally forecast. “We are aiming to achieve significantly higher group earnings in 2010 than in 2009, thus making an important step towards achieving the targets we have set for 2012”, stated Reithofer. The aim is to achieve an EBIT margin of over 5% in the Automobiles segment as well as sharply improved pre-tax earnings and a return on equity of over 18% in the Financial Services segment.

Attractive products and the worldwide economic recovery will help to boost sales volumes in 2010: “We intend, as the world’s leading manufacturer of premium cars, to increase our sales volume in the current year by around 10% to over 1.4 million vehicles“, commented Reithofer.

“That said, we still need to keep in mind that some economic risks could persist during the second half of the year“, continued Reithofer. For this reason, the forecast is given with the proviso that the economic recovery continues and that general business conditions are not significantly dampened.


In 2012, the BMW Group aims – as part of its Strategy Number ONE - to achieve an unchanged EBIT margin of eight to ten percent in the Automobiles segment and a return on equity of at least 18% in the Financial Services segment.

 

Sharp improvement in Automobiles segment’s EBIT margin
 

The Automobiles segment put in an extremely dynamic second-quarter performance. The segment’s profit improved sharply on the back of higher sales volumes worldwide, a higher-value model-mix and better selling prices. Benefits are also already coming through from the increased use of modular components.

The second-quarter EBIT rose to euro 1,317 million (2009: negative EBIT of euro 31 million) on revenues of euro 13.669 million (2009: euro 10,827 million/+26.2%), giving an EBIT margin of 9.6%. The second-quarter profit before tax increased to euro 938 million (2009: loss before tax of euro 158 million). Six-month revenues of the Automobiles segment rose to euro 24,341 million (2009: euro 20,432 million/+19.1%).

The segment EBIT for the six-month period turned from a loss of euro 282 million to a profit of euro 1,608 million, corresponding to an EBIT margin of 6.6%. The segment profit before tax improved to euro 1,158 million (2009: loss before tax of euro 629 million). Adjusted for the further externalisation of pension obligations (euro 410 million), free cash flow generated by the Automobiles segment amounted to euro 1,199 million (2009: euro 623 million/+92.5%) for the six-month period.

The total number of cars sold by the BMW brand during the first half of the year rose by 14.1% to 585,755 units (2009: 513,591 units). Models contributing to this growth included the BMW X1, the BMW X5 und X6, the BMW 7 Series and BMW Z4. The new BMW 5 Series Sedan has also had a good start: since the introduction to the European markets in mid-March, some 25,000 units have been sold. The new model has been available in the USA since June and is receiving a similar level of acclaim amongst customers there.

Further attractive new models going on sale in the coming months are the new BMW 5 Series Touring, the extended-wheelbase version of the BMW 5 Series Sedan for the Chinese market, the BMW X3 and the MINI Countryman.

During the first half of the year, sales of the BMW X1 and BMW 5 Series GT totalled 46,705 units and 11,803 units respectively. The sales volume of all 5 Series models taken together rose by 10.8% to 94,699 units (2009: 85,476 units), thanks, amongst other factors, to the successful start of the new 5 Series Sedan.

Also registering good growth were the BMW 7 Series with 30,711 units sold (2009: 20,479 units /+50.0%) and the BMW X5 and X6 models with a combined total of 68,632 units sold (+7.1%/2009: 64,078 units). Sales of the BMW Z4 Roadster grew by 74.7% to 14,236 units (2009: 8,148 units) for the six-month period. As a result, the BMW 7 Series, the BMW X5 and X6 as well as the
BMW Z4 all remained market leaders in their respective segments. The traditionally best selling model also increased its sales volume during the period under report: six-month sales of the BMW 3 Series were up by 3.0% to 199,027 units (2009: 193,186 units).

MINI brand sales climbed by 7.6% in the first half of the year to 109,301 units (2009: 101,534 units). Once the MINI Countryman comes onto the market from autumn onwards, the MINI brand will then have four variants. The BMW Group is confident that the first MINI Crossover model, plus model revisions of the remainder of the model range, will generate good sales momentum over the course of the second half of the year.

Rolls-Royce sold more cars during the first half of 2010 than it has in any six-month period since making its return to the market in 2003. With 970 units (2009: 329 units) handed over to customers, the sales volume almost tripled in the first six months of the year.

The BMW Group recorded sales volume growth in virtually all markets during the first half of the year, with China, the Americas and Europe registering the highest growth rates. In Europe, the number of cars sold rose by 4.0% to 389,831 units. The company also remained on a growth course in its largest international market during the period under report, with sales of BMW, MINI and Rolls-Royce brand cars rising in the USA by 6.4% to 121,912 units. The BMW Group therefore remained the best-selling European premium car manufacturer in the US market.

Sales in Asia during the period from January to June climbed by 57.7% to 128,845 units. The Chinese market continued to grow dynamically, with the number of cars sold during the six-month period more than doubling to 75,615 units (2009: 37,627 units/+101.0%). The sales volume including Hong Kong and Taiwan was 81,807 units (+99.5%).

 

BMW Motorrad reports sharply improved second-quarter earnings

 
BMW Motorrad’s earnings increased sharply in the second quarter on the back of a good sales volume performance despite otherwise unfavourable business conditions. Six-month segment revenues rose by 30.7% to euro 439 million (2009: euro 336 million). EBIT for the period rose to euro 54 million (2009: euro 26 million) and the result before tax improved to euro 53 million (2009: euro 24 million). Six-month revenues increased to euro 790 million (2009: euro 626 million/+26.2%). The segment reported an EBIT for the first half of the year of euro 86 million (2009: euro 54 million) and a profit before tax of euro 83 million (2009: euro 50 million).

Sales of BMW brand motorcycles in the second quarter increased by 21.6% to 36,175 units (2009: 29,742 units). During the first half of the year, BMW Motorrad sold 57,015 units (2009: 46,974 units). This corresponds to an increase of 21.4%. The best-seller list was headed by the large, long-distance enduro R 1200 GS, making it the best-sold bike in the 500 cc plus motorcycles segment worldwide. Sales of the S 1000 RR - the first supersport bike manufactured by BMW Motorrad - reached a total of 6,459 units worldwide in the six-month period from January to June (of which 1,223 were sold in June).

Two new luxurious BMW Touring motorcycles, the K 1600 GT and the
K 1600 GTL, will be presented to the public for the first time in autumn. For the first time in the segment’s history, both of these models will be fitted with six-cylinder in-line engines.

 

Sharp rise in Financial Services segment earnings

The Financial Services segment again performed well during the period from April to June 2010. Second-quarter segment revenues, at euro 4,198 million (2009: euro 4,224 million), were virtually identical to the previous year. The pre-tax profit improved to euro 379 million (2009: euro 81 million) thanks to the economic recovery and significantly lower refinancing costs. The second-quarter segment EBIT jumped to euro 379 million (2009: euro 75 million). The six-month segment profit before tax rose to euro 601 million (2009: euro 153 million), while the segment EBIT improved to euro 592 million (euro 145 million).

At 30 June 2010, the Financial Services segment was managing a portfolio of 3,119,340 lease and credit financing contracts, 3.0% more than in the previous year. The number of new contracts rose worldwide by 8.5% to a total of 527,044 contracts. The growth of credit financing (up 10.3% on the first half of the previous year) contributed especially to this performance.

The leasing business recorded a growth of 4.3%. Lease contracts and credit financing accounted for 28.4% and 71.6% of new business respectively. The proportion of new cars of the BMW Group financed or leased by the Financial Services segment was 46.6%, 0.4 percentage points below the proportion recorded one year earlier.



Workforce of 95,502 employees  at the end of second quarter
 

The BMW Group had a workforce of 95,502 employees at the end of the second quarter (2009: 98,261 employees), 2.8% fewer than one year earlier. Compared to the beginning of the year, the number of employees remained more or less stable (-0.7%).

As part of a forward-looking approach to skills management, the BMW Group will recruit approximately 1,000 new employees over the course of 2010, of which roughly one half will be based in Germany. Most of the new staff are being taken on to work in the areas of research and development as well as purchasing and sales. In addition, some 1,080 apprentices will be joining BMW AG in autumn 2010.

 

The BMW Group – an Overview
 


2nd Quarter 2010

2nd Quarter 2009

Change
in %
Vehicle production

 

 

 

Automobiles                                                     units

385,140

            306,009

25.9

Motorcycles[1]                                                                              units

31,893

21,152

50.8

 

 

 

 
Deliveries to customers

 

 

 

Automobiles                                                     units

380,412

338,190

12.5

Thereof:

   BMW                                               units

319,946

280,093

14.2

   MINI                                                 units

59,775

57,942

3.2

   Rolls-Royce                                      units

691

155

-

Motorcycles[2]                                                                              units

36,175

29,742

21.6

 

 

 

 

Workforce at end of quarter

95,502

98,261

-2.8

 

 

 

 

Operating cash flow [3]                      euro million

2,111

987

-

  Revenues                                             euro million

15,348

12,971

                               18.3

  Profit before financial result  (EBIT)     euro million                                            

1,717

169

                -

Thereof:

   Automobiles                                       euro million

1,317

-31

-

   Motorcycles                                        euro million

54

26

-

   Financial Services                            euro million

379

75

-

   Other Entities                                euro million

-81

26

-

   Eliminations                                        euro million

48

73

-34.2

Profit before tax                                euro million

1,299

151

-

Thereof:

   Automobiles                                       euro million

938

-158

-

   Motorcycles                                        euro million

53

24

-

   Financial Services                             euro million

379

81

-

   Other Entities                                euro million

-70

18

-

   Eliminations                                        euro million

-1

186

-
Income taxes                          euro million

-465

-30

-

Net profit                                              euro million

834

121

-

Earnings per share [4]                                    euro

1.27/1.28

0.18/0.19

-

 
 

January- June
2010

January- June
2009

Change
in %
Vehicle production

 

 

 

Automobiles                                                     units

705,201

            573,646

22.9

Motorcycles[5]                                                                              units

62,115

50,263

23.6

 

 

 

 
Deliveries to customers

 

 

 

Automobiles                                                     units

696,026

615,454

13.1

Thereof:

   BMW                                               units

585,755

513,591

14.1

   MINI                                                 units

109,301

101,534

7.6

   Rolls-Royce                                      units

970

329

-

Motorcycles[6]                                                                              units

57,015

46,974

21.4

 

 

 

 

Workforce at end of quarter

95,502

98,261

-2.8

 

 

 

 

Operating cash flow [7]                      euro million

2,408

2,109

14.2

 Revenues                                             euro million

27,791

24,480

                               13.5

 Profit before financial

 result  (EBIT)                                          euro million

2,166

114

                         -

Thereof:

   Automobiles                                       euro million

1,608

-282

-

   Motorcycles                                        euro million

86

54

59.3

   Financial Services                            euro million

592

145

-

   Other Entities                                euro million

-74

38

-

   Eliminations                                        euro million

-46

159

-

Profit before tax                                euro million

1,807

-47

-

Thereof:

   Automobiles                                       euro million

1,158

-629

-

   Motorcycles                                        euro million

83

50

66.0

   Financial Services                             euro million

601

153

-

   Other Entities                                euro million

-73

42

-

   Eliminations                                        euro million

38

337

-
Income taxes                                   euro million

-649

16

-

Net profit                                              euro million

1,158

-31

-

Earnings per share [8]                                    euro

1.76/1.77

-0.05/-0.04

-

 

Mathias Schmidt,  Marc Hassinger

Permanent-URL: http://www.automobilsport.com/finance-bmw-group-reports-second-quarter-jump-earnings-ebit-segment-automobile---84121.html

04.08.2010 / MaP

More News

Mitsubishi Motors Corporation Announces First Quarter Fiscal 2010 Results
30.07.2010
Mitsubishi Motors Corporation today announced its sales and financial results for the first quarter of the 2010 fiscal year ending March 31, 2011.  1. Performance overviewMitsubishi Motors reports that consolidated net sales totaled 403.7 billion yen in the first quarter of fiscal 2010 (April 1 through June 30), a 5 more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for June 2010
28.07.2010
...and First Six Months of Calendar 2010Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for June 2010 and for the first six months of calendar 2010.June 2010# Production: total and in JapanTotal global production for June came in more >>
Volkswagen Konzern erreicht im ersten Halbjahr neue Bestmarke bei Auslieferungen
23.07.2010
    * Plus von rund 16 Prozent im Konzern und bei Kernmarke Volkswagen     * Kräftiges Wachstum in China, USA und Westeuropa     * Konzernvertriebsvorstand Klingler: „Sind sehr zufrieden mit bisherigem Verlauf – Zweites Halbjahr wird aber kein Selbstläufer“ Der Volkswage more >>
200.000 Einheiten des Toyota Prius in Europa verkauft
23.07.2010
- Absatz in nur zwei Jahren verdoppelt    * Hybrid-Vorreiter wird in 38 europäischen Ländern vertrieben    * Weltweiter Absatz wird im Herbst Zwei-Millionen-Marke erreichen    * Verbrauch innerhalb von zehn Jahren um mehr als 20 Prozent verringert   more >>
Porsche sichert Arbeitsplätze und steigert Produktivität
22.07.2010
Vorstand und Betriebsrat vereinbaren neue Standortsicherung bis 2015Vorstand und Betriebsrat der Dr. Ing. h.c. F. Porsche AG, Stuttgart, haben sich am heutigen Mittwoch, 21. Juli 2010, auf eine Vereinbarung zur langfristigen Sicherung ihrer Standorte verständigt. Die neue Regelung hat eine Laufzeit bis zum 31. Juli 2015 und wird die bisherige aus dem Jahr 2005 more >>
Honda Announces Direction for Automobile Production in Japan
21.07.2010
In the face of a global trend toward consumer preference for smaller vehicles as well as increasing environmental awareness, Honda has reviewed the increasingly important role to be played by its production plants in Japan and determined three areas of focus.1) &n more >>
Honda to Expand Annual Motorcycle Production Capacity in Indonesia
21.07.2010
...to 4 million Units through Expansion of an Existing Plant and Construction of a New PlantPT Astra Honda Motor (AHJ), Honda's joint venture company in Indonesia responsible for motorcycle production and sales, announced plans to expand its annual motorcycle production capacity to 3.5 million units before the end of this year, and then construct a new plant with an more >>
HONDA - Summary of 2010 Mid-Year CEO Speech
21.07.2010
Providing good products to our customers with speed, affordability and low CO2 emissionsOne year has passed since I acceded to the president of the company in June of last year, and we have entered into the stage where we need to draw up and execute a new growth strategy.In the past several years, consumer preference has quickly shifted toward smal more >>
Sonderzahlung für Mitarbeiter der BMW AG
16.07.2010
Ausdruck der Wertschätzung für Durchhaltevermögen und Engagement in schwierigen Zeiten   Die BMW AG honoriert die hohe Leistungsbereitschaft und das Engagement ihrer Mitarbeiter in den zurückliegenden schwierigen Zeiten. Der Vorstand hat deshalb eine Sonderzahlung an alle Mitarbeiter beschlossen. Diese beträgt bei einem Tarif more >>
BankenMonitor 2010: Toyota Kreditbank erneut "Beste Autobank"
14.07.2010
    * TKG zum zweiten Mal in Folge Gesamtsieger der Branchenstudie    * Zum vierten Mal auf Platz 1 in der Kategorie "Große Importfabrikate"    * 1000 Entscheidungsträger aus dem Autohandel befragtDie Toyota Kreditbank (TKG) setzt ihre Erfolgsserie beim "AUTOHAUS BankenMonitor" for more >>
Carl-Philipp Mauve wird neuer Marketingdirektor der Ford Werke GmbH
14.07.2010
Axel Wilke wechselt zur Ford Customer Service Division (FCSD)Wechsel im Bereich Marketing, Verkauf und Service der Kölner Ford-Werke GmbH: Carl-Philipp Mauve (46) wird zum 1. August 2010 neuer Marketingdirektor und übernimmt die Aufgaben von Axel Wilke, der nach gut drei Jahren auf dieser Position in die Ford Customer Service Division (FCSD) more >>
BMW Group erhöht Absatz- und Ergebnisprognose für 2010
14.07.2010
Die verbesserten Rahmenbedingungen auf den internationalen Automobilmärkten führen dazu, dass die BMW Group gegenüber den bisherigen Planungen im zweiten Quartal sowie im Gesamtjahr 2010 eine deutlich bessere Geschäftsentwicklung erwartet.Im ersten Halbjahr hat die BMW Group den Absatz von Automobilen um 13,1% gegenüber dem Vorjahr gesteiger more >>
Josef Schelchshorn zum Personalvorstand von Seat berufen
13.07.2010
Paredes Sánchez-Collado leitet als Vorstand die RegierungsbeziehungenJosef Schelchshorn (49) wurde mit Wirkung zum 1. September 2010 zum Personalvorstand der Marke Seat berufen. Er folgt auf Ramón Paredes Sánchez-Collado (54), der als Vorstand die Regierungsbeziehungen von Seat und des Volkswagen Konzerns in Spanien verantworten wird. more >>
Unprecedented demand drives record production at Rolls-Royce
09.07.2010
   * Production at Goodwood at record levels    * All models sold out until at least September    * Sales in June show accelerated growth worldwide Rolls-Royce Motor Cars more >>
BMW Group retail grows 13.1% in first half year
08.07.2010
Double-digit growth at BMW, MINI and Rolls-Royce again in June- Rolls-Royce sells more cars than ever before- Positive sales trend continues in Motorcycles segment The BMW Group has ended the first half-year with substantial growth in sales. A total of 696,026 (prev. yr. 615,454) BMW, MINI and Rolls-Royce brand automobiles we more >>
Johannes Thammer leitet Vertriebsstrategie und Projekte im Volkswagen Konzern
02.07.2010
Johannes Thammer (54) übernimmt bei Volkswagen zum 1. September 2010 die Leitung der Konzern Vertriebsstrategie und Projekte, nachdem er als Managing Director für den Audi Vertrieb im Joint Venture FAW-Volkswagen in China verantwortlich war. In der neuen Funktion berichtet er an Konzernvertriebsvorstand Christian Klingler. Nachfolger von Thammer bei FAW-Volkswagen wird Dominique Boesc more >>
Škoda-Vorstand Fleger wechselt zu Volkswagen Financial Services
02.07.2010
Stackmann neuer Vorstand für Vertrieb und Marketing bei ŠkodaReinhard Fleger (52), Vorstand für Vertrieb und Marketing bei Škoda, wechselt zum 1. September 2010 zur Volkswagen Financial Services AG. Als Generalbevollmächtigter der Volkswagen Financial Services AG übernimmt er die Verantwortung für die Region China/Indien more >>
Erich Ebner von Eschenbach wird Leiter des Bereichs Finanzdienstleistungen der BMW Group
02.07.2010
Vorgänger Georg Bauer wechselt in den Ruhestand  Erich Ebner von Eschenbach (48) wird im Januar des nächsten Jahres die Leitung des Bereichs Finanzdienstleistungen der BMW Group &uum more >>
Porsche meldet hervorragende Entwicklung der US-Verkaufszahlen im Juni 2010
01.07.2010
Neuer Cayenne auch bei Amerikanern besonders begehrtDer US-Markt hat sich für die Dr. Ing. h.c. F. Porsche AG, Stuttgart, im Monat Juni äußerst erfolgreich entwickelt: Die Auslieferungen an Kunden stiegen auf 2.141 Fahrzeuge. Das entspricht einem Plus von 137 Prozent gegenüber dem Vergleichsmonat des Vorjahres (902 Fahrzeuge). Hervorragend angen more >>
Christian Ach leitet künftig Vertrieb und Marketing für MINI
01.07.2010
Personelle Veränderung bei MINI DeutschlandZum 1. Juli 2010 übernimmt Christian Ach (34) die Leitung des Vertriebs MINI. Ach war bislang verantwortlich für das Neufahrzeugge more >>
Rolls-Royce opens eight showrooms in Greater China
25.06.2010
Rolls-Royce has expanded its presence in Greater China with the opening of a new showroom in Ningbo, East China.  The Rolls-Royce Motor Cars Ningbo showroom is the eighth in the country. Other Rolls-Royce showrooms in Greater China are loca more >>
DAIMLER - Final Conclusion of Stake Increase in Kamaz
19.06.2010
    *      Implementation of the Memorandum of Understanding (MoU) of February 2010Russian Technologies, Daimler AG, the European Bank for Reconstruction and Development (EBRD), Troika Dialog, and Kamaz yesterday jo more >>
BMW of North America Announces Changes in Management Team
19.06.2010
* Bob Frisch, Vice President Western Region to Retire.* Arturo Pineiro appointed Vice President Western Region.* Kevin Coon named Vice President Central Region. BMW of North America, LLC, the U.S. division of the German manufacturer of premium vehicles and motorcycles, today announced new management appointments within its sales operations. more >>
Strukturelle Veränderungen belasten das Ergebnis des Porsche SE Konzerns
18.06.2010
Beteiligungen Porsche und Volkswagen mit gutem operativen Geschäft Die Porsche Automobil Holding SE, Stuttgart, kann für die ersten neun Monate des am 31. Juli 2010 endenden Geschäftsjahres 2009/10 von einer anhaltend guten operativen Entwicklung ihrer Beteiligungen berichten. Der Porsche Zwischenholding GmbH Konzern, an dem die Porsche SE more >>
Ford: Karl J. Anton leitet Werk Saarlouis
14.06.2010
Wechsel an der Spitze des Ford-Werks Saarlouis: Karl J. Anton (55) ist ab heute neuer Werkleiter auf dem Röderberg. Er tritt die Nachfolge von Thomas Klein (48) an, der neue Aufgaben im Kölner Ford-Werk übernimmt.Karl J. Anton war bisher in der Kölner Europazentrale als Director New Model Launch verantwortlich für die Produktionsanl&au more >>
Didier Leroy neuer Präsident von Toyota Motor Europe
12.06.2010
 Personelle Veränderung in der Geschäftsführung Das Wichtigste in Kürze    * Didier Leroy übernimmt das Amt des bisheriger Präsidenten Tadashi Arashima    * Langjährige Erfahrung im europäischen Toyota-Topmanagement    * Zuletzt Managing Officer TMC u more >>
GeoEye Chief Financial Officer Joseph F. Greeves Named Public Company CFO of the Year
12.06.2010
Recognized for Outstanding Achievement and Excellence by the Northern Virginia Technology Council   Joseph F. Greeves of GeoEye (left) with Mark Callihan of KPMG (center) and Matt Swartz of Pillsbury Winthrop Shaw Pittman LLP (right) more >>
Volkswagen stärkt Vertrieb und Marketing im Konzern
04.06.2010
• Optimierte Strukturen unterstützen ehrgeizigen Wachstumskurs• Konzernvertriebsvorstand Christian Klingler: „Volkswagen stellt Weichen für die Zukunft und erhöht Schlagkraft im Vertrieb und Marketing“Volkswagen richtet die Konzernvertriebs- und Marketingorganisation neu aus. Damit stellt sich das Unternehmen au more >>
Jonathan Browning leitet weltweite Steuerung der Vertriebsgesellschaften des Volkswagen Konzerns
04.06.2010
Jonathan Browning (50) hat zum 1. Juni 2010 die Steuerung der National Sales Companies (NSC) des Volkswagen Konzerns weltweit übernommen. Dazu sagt Konzernvertriebs- und Marketingvorstand Christian Klingler: „Die Steuerung der Vertriebsgesellschaften gewinnt angesichts der Internationalisierung und Dynamik der Märkte enorm an Bedeutung. Sie ist desha more >>
BMW Group U.S. Reports May 2010 Sales
04.06.2010
BMW Group in the U.S. (BMW and MINI combined) reported May sales of 22,092 vehicles delivering the best result this year in spite of volume being down 3.9 percent compared to May 2009. Year-to-date, the BMW Group also reported a total sales volume of 98,254 vehicles, up five percent from the same period last year.“We continued to successfull more >>
Suzuki steuert in Deutschland erfolgreich durch die Konjunkturkrise
02.06.2010
Mit einem Zulassungsrekord bei den Automobilen schließt Suzuki International Europe die Bücher des am 31. März 2010 beendeten Geschäftsjahres 2009/2010. Im Verlauf der weltweiten Wirtschafts- und Finanzkrise kauften mehr Kunden denn je die Pkws von Suzuki. Dennoch fällt der Gesamtumsatz der drei Sparten Automobil, Motorrad und Marine more >>
Porsche Automobil Holding : Reaktion auf Pressebericht - Beteiligte weisen Behauptungen zurück
29.05.2010
 Die Porsche Automobil Holding SE, Stuttgart, sowie die Eigentümerfamilien Piëch und Porsche weisen einen Pressebericht zurück, wonach die Familie eine Klage gegen die früheren Vorstände des Unternehmens, Dr. Wendelin Wiedeking und Holger Härter, vorbereiten. Die Behauptungen entbehren jeglicher Grundlage und stellen einen durchsichtigen Versuch da more >>
Mercedes-Benz Cars confirms return-on-sales target of 10 percent
28.05.2010
    *      Mercedes-Benz Cars anticipates higher EBIT in the second quarter of 2010 than in the first    *      Chairman of Daimler’s Board of Management Dr. Dieter Zetsche: “China is increasingly becoming the center of gravity of the automotive industry and has recently become Merced more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for April 2010
28.05.2010
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for April 2010.    *      Production: global total and Japan      Total global production for April 2010 came in at 79,948 units, 27.7 percent up over the same month last year and t more >>
Honda Sets All-Time April Record for Auto Production in Asia and China
28.05.2010
Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic market sales, and export results for the month of April 2010.<Production>Production in Japan for the month of April 2010 experienced a year-on-year increase for the fourth consecutive month (since January 2010).Productio more >>
Winfried Vahland wird Vorstandsvorsitzender von Skoda
28.05.2010
Karl-Thomas Neumann President der Volkswagen Group ChinaProf. Dr. Winfried Vahland (53) wird mit Wirkung zum 1. September 2010 zum Vorstandsvorsitzenden von Skoda Auto berufen. Seine Nachfolge als President und CEO der Volkswagen Group China wird Dr. Karl-Thomas Neumann (49) übernehmen, zurzeit Konzernbeauftragter für Elektro-Traktion in Wolfsburg. D more >>
Guangqi Honda to Expand Automobile Production Capacity
26.05.2010
Guangqi Honda Automobile Co., Ltd., a Honda automobile production and sales joint venture in China, announced plans to expand its annual production capacity from the current 360,000 units to 480,000 units in order to meet continuously growing demand in the Chinese market.Guangqi Honda's current overall production capacity of 360,000 units includes 240,000 units at the HuangPu Plant more >>
Volkswagen Konzern übernimmt Mehrheit an Italdesign Giugiaro
26.05.2010
- Volkswagen beteiligt sich mit 90,1 Prozent an weltweit renommiertem Design- und Entwicklungsdienstleister- Ausbau der Kapazitäten und Kompetenzen für globale Modelloffensive- Volkswagen Vorstandsvorsitzender Winterkorn: „Neue Ära der strategischen Partnerschaft zwischen beiden Unternehmen“ more >>
Volker Stauch, Head of Powertrain Operations Mercedes-Benz Cars, retires
22.05.2010
    *      A career spanning 32 years at Daimler, including eleven years as head of the plant in Untertürkheim, comes to an end on June 30, 2010    *      Peter Schabert, currently head of the Mercedes-Benz plant in Bremen, to take over as Stauch's successor    *&n more >>

2001-2020 automobilsport.com full copyright