BMW increased its profit and sales forecast for 2010 yesterday, highlighting how German luxury carmakers are quickly returning to pre-crisis levels amid a sharp rebound in car demand in China and other export markets.
The world’s largest premium carmaker said it expected its operating profit margin in the core automotive segment to exceed 5 per cent in the current year.
The group had previously predicted a margin in the low single-digit percentage range, after posting a 2.7 per cent operating profit margin in the first quarter.
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