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Thursday, May 21, 2009

BMW described quarter decrease

By yang himfr

May 6 news, the world's luxury car manufacturer BMW in Germany report released on the 5th, due to the global economic recession led to the automotive market downturn, and its loss in the first quarter of this year. During the year the company's market outlook is not optimistic.

Data present that in January this year to March, BMW mesh forfeit of 152 million U.S. dollars, while last year the financial gathering 487 million U.S. dollars profit. In augmentation, BMW quarter sales plunged 13 out of 100 year-on-year to 11.5 billion U.S. dollars.

According to effects, embracing BMW, Mini and Rolls-Royce brand label of the BMW Group, embracing the first quarter of this year's worldwide vehicle deliveries to 22.7264 million entities, down 21 out of 100 year-on-year. Of these, 21 out of 100 decline in BMW, Mini declined 25%, Rolls-Royce plunged 5%. In augmentation, the BMW motorcycle deliveries quarter in addition diminished by 18% year-on-year.

BMW in the financial report, said, "Given the current global economy is almost impossible to predict in the near future, how will the changes can not be given (company) full-year profit forecast. Taking into account the continuing weakness in the market this year, BMW Group's global sales may be lower than last year. "

However, BMW said, in spite of the arduous market surroundings, but its share in the worldwide market has advanced to close to 21%. In augmentation, the financial gathering carried on to realize evaluates to lessen costs. First quarter of this year in its close to 99,000 people employed, 930 population left

"Given the present international finances is nearly unrealistic to forecast in the beside future, how will the alterations can not be granted (company) full-year earnings forecast. Taking into account the extending flaw in the market this year, BMW Group's international sales may be smaller than last year . "

However, BMW said, regardless of the tough market natural environment, but its share in the international market has expanded to almost 21%. In supplement, the business proceeded to apply assesses to decrease costs. First quarter of this year in its almost 99,000 workers, 930 persons left. - 21392

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