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BMW profit rises 5% amid fight for No. 1 in luxury-car market
2016-03-09 21:07:27| Auto Dealers - Topix.net
BMW reported a 5.2 percent gain in profit last year on higher vehicle deliveries as the world's largest maker of luxury cars pushes to stay ahead of Mercedes-Benz. Earnings before interest and taxes rose to 9.59 billion euros from 9.12 billion euros a year earlier, the company said today in a statement .
Audi edges ahead of BMW to lead luxury-car sales race in April
2015-05-12 12:28:48| Auto Dealers - Topix.net
Audi sold the most luxury cars globally in April, edging out BMW Group's namesake brand and the fast-growing Mercedes-Benz brand. Bolstered by U.S. demand for the Q5 and Q7 SUVs, Audi's deliveries rose 2.5 percent to 152,850 cars last month, compared with BMW's 5.6 percent increase to 148,896.
In Luxury-Car Race, Profits Get Dented
2015-03-13 08:03:59| Auto Dealers - Topix.net
German auto makers BMW AG, Audi AG, and Mercedes-Benz are racing pell-mell against each other for the industry's luxury-car sales crown, but the huge sums they are spending to get ahead are beginning to erode profits. In their quest for growth, the three German brands that dominate the global market for premium cars and sport-utility vehicles are spending tens of billions of euros to develop new technologies, build factories and churn out new models.
Tags: race
profits
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luxurycar
BMW regains top spot in monthly luxury-car sales
2013-06-11 23:13:16| Auto Dealers - Topix.net
BMW regained the monthly sales crown from Audi in May as the small X1 sport-utility vehicle and new 3-Series sedan won customers.
BMW Regains Monthly Luxury-Car Sales Lead From Audi on X1
2013-06-10 19:52:58| Automakers - Topix.net
Bayerische Motoren Werke AG 's namesake brand regained the monthly sales crown from Volkswagen AG 's Audi division as the small X1 sport-utility vehicle and new 3-Series sedan won customers.