March 18, 2005
BMW reports best year ever
Munich, Germany – Despite adverse global economic conditions, the BMW Group reported new highs for car sales volumes, revenues and earnings, making 2004 the most successful year-to-date in the company’s history.
“The BMW Group has continued to strengthen its earnings power and competitive position over the past year,” said Helmut Panke, Chairman of the Board of Management of BMW AG. “The success achieved during the past year shows that our product and market initiative is now paying off and generating the desired results.”
The BMW Group sold a total of 1,208,732 cars in 2004, an increase of 9.4 per cent over 2003.
The BMW Group continued to expand its range of vehicles last year, and through BMW, Mini and Rolls-Royce is now represented in all premium segments of the international car market. The company plans to continue with several new models for 2005, including the redesigned 3 and 7 Series, the M5 and M6, and 130i, along with xDrive available on the 525 sedan.