BMW Group raises earnings forecast for 2010

03.11.2010: Automobile segment aiming for EBIT margin of above 7% Third-quarter EBT jumps to euro 1,359 million Automobile segment EBIT rises to euro 1,152 million EBIT margin of 8.1% for Automobile segment

Automobile segment aiming for EBIT margin of above 7%

Third-quarter EBT jumps to euro 1,359 million

Automobile segment EBIT rises to euro 1,152 million

EBIT margin of 8.1% for Automobile segment


 

The BMW Group continued to perform extremely well in the third quarter 2010, recording sharp increases in sales volumes, revenues and earnings. Third-quarter Group revenues rose by 35.6% to euro 15,940 million (2009: euro 11,759 million) while the profit before tax jumped to euro 1,359 million (2009: euro 126 million), the highest pre-tax profit ever recorded by the BMW Group in a single quarter. The third-quarter profit before financial result increased to euro 1,192 million (2009: euro 55 million), while the third-quarter profit after tax improved to euro 874 million (2009: euro 78 million). The number of cars sold during the period from July to September increased by 13.0% to 366,190 units (2009: 324,100 units).

“We are very pleased with our third-quarter performance. Our attractive model range and the recovery of the global economy have enabled us to achieve another significant rise in sales volumes. Measures taken to boost profitability and a renewed high-value model mix have also had a positive impact“, stated Norbert Reithofer, Chairman of the Board of Management of BMW AG, on Wednesday in Munich.

Nine-month revenues grew by 20.7% to euro 43,731 million (2009: euro 36,239 million), with an EBIT of euro 3,358 million (2009: euro 169 million) and a profit before tax of euro 3,166 million (2009: euro 79 million). Profit after tax for the period amounted to euro 2,032 million (2009: euro 47 million). The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers up to the end of September increased by 13.1% to 1,062, 216 units (2009: 939,554 units).

 

BMW Group again raises earnings forecast for 2010

As a result of the positive business trend, the BMW Group is once again increasing its earnings forecast for the current financial year. “We are currently aiming to achieve an EBIT margin of above 7% as a result of the strong sales volume performance in the Automobile segment in 2010“, said Reithofer. Previously, a full-year EBIT margin of over 5% had been forecast for the Automobile segment. The forecast for the Financial Services segment remains unchanged with a sharp improvement in earnings before tax and a return on equity of over 18%.

"The BMW Group is well on its way towards achieving its targets for the full year. We want to increase Group earnings significantly in the current year and thus take an important step towards achieving our targets for 2012“, continued Reithofer.

Sales volumes will continue to be boosted in the coming months thanks to new models. “We forecast robust double-digit sales volume growth again in the fourth quarter and are therefore confident that the full-year sales volume figure will increase by more than 10% to over 1.4 million vehicles. With this performance, the BMW Group will remain the world’s leading provider of premium vehicles in 2010“, commented Reithofer.

The new 5 Series Touring, the extended wheelbase version of the BMW 5 Series Sedan for the Chinese market and the MINI Countryman have been on sales since September. The new BMW X3 will follow at the end of the year. Order-intake has been strong for all of these models.

In 2012, the BMW Group still aims to achieve an EBIT margin of eight to ten percent in the Automobile segment and a return on equity of at least 18% in the Financial Services segment.

 

Dynamic growth for Automobile segment 

The Automobile segment continued to grow dynamically in the third quarter. The main factors benefitting segment earnings were higher sales volume, a high-value model-mix, better pricing and lower material costs.

EBIT for the third quarter improved from a negative euro 76 million to a positive euro 1,152 million on revenues of euro 14,210 million (2009: euro 10,178 million/+39.6%), resulting in an EBIT margin of 8.1%. The third-quarter result before tax turned around from a loss of euro 154 million to a profit of euro 1,285 million. The pre-tax return on sales was 9.0%. Third-quarter sales of BMW brand cars rose by 16.3% to 306,982 units (2009: 263,864) units. MINI recorded a sales volume of 58,450 units (2009: 60,104 units/-2.8%), while Rolls-Royce was able to increase its third-quarter sales figure almost six fold to 758 units (2009: 132 units).

Nine-month revenues of the Automobile segment rose to euro 38,551 million (2009: euro 30,610 million/+25.9%). The segment EBIT for the first nine months of the year turned from a loss of euro 358 million to a profit of euro 2,760 million, corresponding to an EBIT margin of 7.2%. The segment profit before tax improved significantly to euro 2,443 million (2009: loss before tax of euro 783 million). Adjusted for the externalisation of pension obligations and the purchase of marketable securities, the free cash flow generated by the Automobile segment during the period from January to September 2010 amounted to euro 2.1 billion. On an unadjusted basis, the free cash flow was euro 468 million.

The nine-month sales volume rose worldwide by 13.1% to 1,062,216 units (2009: 939,554 units). The number of BMW brand cars sold during the period from January to September increased by 14.8% to 892,737 units (2009: 777,455 units). Growth was achieved in particular by the BMW 5 Series (155,648 units/+22.2%), the BMW X1 (72,294 units), the BMW X5 (74,655 units/+16.2%) and X6 (34,464/+13.1%), the BMW 7 Series (47,349 units/+41.7%) as well as the BMW Z4 (20,637 units/+21.9%). Nine-month sales of the BMW 3 Series edged up by 1.1% to 295,608 units (2009: 292,466 units). The BMW 1 Series recorded a nine-month sales volume of 151,681 units (2009: 164,114 units /-7.6%). Now coming to the end of its life-cycle, the BMW 6 Series recorded a sales volume of 5,149 units (2009: 7,078 units/-27.3%) during the period from January to September.

MINI brand sales during the first three quarters of the year went up by 3.8% to 167,751 units (2009: 161,638 units). This was helped by the good start made by the MINI Countryman which has been on sale since mid-September. Since then, 1,763 units of the first MINI Crossover model have been handed over to customers. Model revisions of the remaining MINI models have also been available since mid-September. The positive impact on sales volume figures is already perceptible: with more than 25,200 units sold, the MINI brand – with which the BMW Group created the first premium product in the small car segment back in 2001 – recorded its best September sales volume figure to date.

Rolls-Royce continues to perform successfully. With 1,728 units (2009: 461 units) handed over to customers, the sales volume almost quadrupled in the first nine months of the year. Demand for Rolls-Royce brand cars has been strong, in particular for the Ghost launched in December 2009, of which 1,535 units have been sold up to the end of the third quarter 2010.

Sales volume growth was recorded on almost all markets during the first nine months of the year, with China and the American markets in particular well ahead of the previous year. In Europe, the number of cars sold rose by 3.2% to 577,626 units. The company also remained on a growth course in its largest international market during the period under report. A total of 192,569 units were sold in the USA during the nine-month period, for instance, 7.4% more than in the previous year.

Sales in Asia during the period from January to September climbed by 59.4% to 206,490 units. The BMW Group recorded very strong growth on the Chinese markets, almost doubling nine-month sales in China (including Hong Kong and Taiwan) to 132,270 units (+96.1%).

 

BMW Motorrad reports sharp sales volume increase

BMW Motorrad increased its third-quarter sales volume by 7.7% to 24,493 units (2009: 22,741 units). Segment revenues for the quarter rose by 21.8% to euro 291 million (2009: euro 239 million). The EBIT for the period from July to September turned around from a negative euro 3 million to a positive euro 2 million. The number of motorcycles sold during the nine-month period increased by 16.9% to 81,508 units (2009: 69,715 units), with segment revenues improving by 25.0% to euro 1,081 million (2009: euro 865 million). The nine-month segment EBIT jumped by 72.5% to euro 88 million (2009: euro 51 million), while the segment profit before tax improved by 84.4% to euro 83 million (2009: euro 45 million).

The BMW Group was able to strengthen its competitive position further during the period under report despite difficult market conditions and is now market leader in the 500 cc plus segment in countries such as Germany, Italy, Spain, the Netherlands, Belgium, Austria and South Africa.

 

Sharp rise in Financial Services segment earnings

Improved business conditions on the international automobile markets also benefited the third-quarter performance of the Financial Services segment. Revenues increased by 11.7% to euro 4,278 million (2009: euro 3,831 million). The segment reported a third-quarter profit before tax of euro 318 million (2009: euro 94 million) and an EBIT of euro 308 million (2009: euro 89 million). Nine-month segment revenues went up by 3.5% to euro 12,480 million (2009: euro 12,058 million). The segment profit before tax for the first nine months of the year increased to euro 919 million (2009: euro 247 million), while the segment EBIT improved to euro 900 million (euro 234 million).

At 30 September 2010, the Financial Services segment was managing a portfolio of 3,144,817 lease and credit financing contracts, 3.0% more than in the previous year. The number of new contracts rose worldwide by 6.7% to a total of 802,719 contracts. Leasing business grew by 4.7%, credit financing by 7.5%. Lease contracts and credit financing accounted for 28.4% and 71.6% of new business respectively. The proportion of new BMW Group cars financed or leased by the Financial Services segment was 47.6%, 1.3 percentage points below the proportion recorded one year earlier.

 

Workforce roughly at previous year’s level

The BMW Group had a worldwide workforce of 96,402 employees at the end of the third quarter (30 September 2009: 98,358 employees), marginally up (+0.2%) on the level at 31 December 2009. Compared to the end of the third quarter last year, the number of employees fell by 2.0%. The number of apprentices employed by the BMW Group remained at a high level. In Germany, some 1,080 apprentices started their training with the BMW Group during the third quarter. Worldwide, the figure was 1,124 apprentices.

 

The BMW Group – an Overview

 

July - September 2010

July - September
 2009 

Change
in %
Vehicle production

 

 

 

Automobiles                                                     units

347,181

333,783

4.0

Motorcycles[1]                                                                              units

20,311

15,646

29.8

 

 

 

 
Deliveries to customers

 

 

 

Automobiles                                                     units

366,190

324,100

13.0

Thereof:

   BMW                                               units

306,982

263,864

16.3

   MINI                                                 units

58,450

60,104

-2.8

   Rolls-Royce                                      units

758

132

-

Motorcycles[2]                                                                              units

24,493

22,741

7.7

 

 

 

 

Workforce at end of quarter

96,402

98,358

-2.0

 

 

 

 

Operating cash flow [3]                        euro million

1,764

654

-

  Revenues                                             euro million

15,940

11,759

35.6

 Profit before financial result

  (EBIT)                                                             euro million

1,192

55

                       -

Thereof:

   Automobiles                                       euro million

1,152

-76

-

   Motorcycles                                        euro million

2

-3

-

   Financial Services                            euro million

308

89

-

   Other Entities                                euro million

0

8

-

   Eliminations                                        euro million

-270

37

-

Profit before tax                                euro million

1,359

126

-

Thereof:

   Automobiles                                       euro million

1,285

-154

-

   Motorcycles                                        euro million

0

-5

 

   Financial Services                             euro million

318

94

-

   Other Entities                                euro million

40

40

-

   Eliminations                                        euro million

-284

151

-
Income taxes                                                     euro million

-485

-48

-

Net profit                                              euro million

874

78

-

Earnings per share [4]                                    euro

1.33/1.33

0.12/0.12

-

 

1]  excluding Husqvarna motorcycles (3,199 units)

[2]  excluding Husqvarna motorcycles (2,601 units)

[3]  Automobile Segment

[4] for common/preferred stock in accordance with IAS 33

 

 
 

January - September
2010

January - September 2009 

Change
in %
Vehicle production

 

 

 

Automobiles                                                     units

1,052,382

            907,429

16.0

Motorcycles[5]                                                                              units

82,426

65,909

25.1

 

 

 

 
Deliveries to customers

 

 

 

Automobiles                                                     units

1,062,216

939,554

13.1

Thereof:

   BMW                                               units

892,737

777,455

14.8

   MINI                                                 units

167,751

161,638

3.8

   Rolls-Royce                                      units

1,728

461

-

Motorcycles[6]                                                                              units

81,508

69,715

16.9

 

 

 

 

Workforce at end of quarter

96,402

98,358

-2.0

 

 

 

 

 Operating cash flow [7]                        euro million 

4,172

2,763

51.0

  Revenues                                             euro million

43,731

36,239

20.7

 Profit before financial result

  (EBIT)                                                          euro million

3,358

169

                         -

Thereof:

   Automobiles                                       euro million

2,760

-358

-

   Motorcycles                                        euro million

88

51

72.5

   Financial Services                            euro million

900

234

-

   Other Entities                                 euro million

-74

46

-

   Eliminations                                        euro million

-316

196

-

Profit before tax                                euro million

3,166

79

-

Thereof:

   Automobiles                                       euro million

2,443

-783

-

   Motorcycles                                        euro million

83

45

84.4

   Financial Services                             euro million

919

247

-

   Other Entities                                euro million

-33

82

-

   Eliminations                                        euro million

-246

488

-
Income taxes                                                     euro million

-1,134

-32

-

Net profit                                              euro million

2,032

47

-

Earnings per share [8]                                    euro

 

3.09/3.10

0.06/0.07

-

 

 

5]  excluding Husqvarna motorcycles (8,586 units)

[6]  excluding Husqvarna motorcycles (7,260 units)

[7]  Automobile Segment

[8] for common/preferred stock in accordance with IAS 33


 


- Mathias Schmidt, Marc Hassinger-

Permanent-URL: http://www.automobilsport.com/bmw-group-earnings-forecast-2010-ebit-margin-automobile-segment---84921.html

03.11.2010 / MaP

More News

Mitsubishi Motors Announces Production, Sales and Export Figures for September 2010 ...
25.10.2010
...and for First Half of Fiscal 2010Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for September 2010 and for the first half (1H) of fiscal 2010. September 2010# Production: global total and in JapanTotal global production for Se more >>
Volkswagen Konzern verkauft erstmals nach 7 Monaten über vier Millionen Fahrzeuge
15.08.2010
    * Verkäufe steigen per Juli um 13,7 Prozent     * Volkswagen Pkw und Audi schneiden besser ab als Gesamtmarkt     * Konzernvertriebsvorstand Klingler: „Gut in zweite Jahreshälfte gestartet – Umfeld wird aber schwieriger“Der Volkswagen Konzern hat erstmals im Zeitraum more >>
BMW Group gibt auch im Juli beim Absatz Gas
09.08.2010
Mit einem Absatzplus von 9,1% hat die BMW Group als weltweit führender Premiumhersteller auch im Juli ihren Wachstumskurs erfolgreich fortgesetzt. Weltweit wurden im abgelaufenen Monat 119.982 (Vj. 109.933) Automobile der Marken BMW, MINI und Rolls-Royce verkauft. In den vergangenen sieben Monaten erhöhte sich damit die Zahl der Auslieferungen um 12,5% auf  816.014 Fahrzeuge (Vj. more >>
AUDI AG: Sales records in United States and China
06.08.2010
    * Around 91,400 cars delivered worldwide in July    * Growth of 53.3 percent in China and 22 percent in United States    * Board Member for Sales Schwarzenbauer: “We want to significantly increase share of imported cars in China” more >>
Toyota Motor Corporation gibt Quartalszahlen bekannt
04.08.2010
Ergebnis im ersten Quartal erneut positiv    * Erneuter Anstieg in Umsatz und Gewinn    * Weltweit mehr verkaufte Fahrzeuge als im Vorjahreszeitraum    * TMC hebt seine Prognosen für das Geschäftsjahr leicht anDie Toyota Motor Corporation (TMC) hat heute das Ergebnis f&u more >>
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 millionEBIT margin of 9.6% for Automobiles segment in Q2Six-month EBIT margin of 6.6% for Automobiles segment  Strong step in 2010 towards achieving profitability targetsAiming for full-yea more >>
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 >>

2001-2020 automobilsport.com full copyright