Bumper year for BMW Group
From BMW: The BMW Group has used its annual general meeting to announce the company's strong start to the new business year along with its ambitious growth forecast to strengthen and extend its position as the world's leading premium manufacturer in theIn particular, the Group's retail target of 1.4 million vehicles - originally expected to be reached in 2008 - will be met one year ahead of schedule and its forecast of 1.6 million vehicles by 2010 would represent almost double the Group's retail volume since 2000.
"We want to pursue our profitable growth path further in the years ahead and intend to deliver a total of about 1.6 million BMW, Mini and Rolls-Royce vehicles to customers in the year 2010", announced Chairman of the Board of Management of BMW AG, Helmut Panke, at the Annual General Meeting in Munich, on May 16.
"With our ongoing product and market initiative, the BMW Group will continue its successful course in the years to come, showing further positive developments in terms of revenues and earnings", said Panke. He also reaffirmed the BMW Group's confident expectations for the current business year. The company intends to reach a new record in retail volume as well as a new high in pre-tax profit of euro 4 billion. "Despite headwinds arising from currency effects and high raw material prices, 2006 is going to be the most successful year in our company's history, also in operative terms," stated Panke.
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