Directory
Print
Email
ReprintsBMW plans to sell more than 2 million cars a year by 2020
September 27, 2007 14:00 CET
MUNICH (Reuters) -- BMW, the world's largest premium carmaker, aims to sell significantly more than 2 million vehicles a year by the end of the next decade and earn up to a 10 percent return on sales before interest and tax at its core automotive division by 2012. As part of its heavily anticipated strategic review, BMW also said today it would be open to acquisitions to spur growth and it had even looked into buying or setting up a fourth brand at one point. While it promised to pay a significantly higher dividend for 2007, it said it would use its cash to gradually fund out its pension obligations and place the option of a share buyback on the back burner for the next 12 months. |
COMMENTS
Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Automotive News. Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification.
RSS Feed
