BMW Q3 earnings surged 50 percent despite microchip shortage
For many car makers, last year seemed to be a ‘worst case scenario’ in terms of sales. The onset of the global pandemic had many people locked indoors, without an actual need of a car,…
For many car makers, last year seemed to be a ‘worst case scenario’ in terms of sales. The onset of the global pandemic had many people locked indoors, without an actual need of a car,…
BMW Group has so far delivered 1,932,236 BMW, MINI and Rolls-Royce vehicles to customers in 2021. This is a significant increase in sales of +17.9 percent year-over-year, despite the headwinds caused by the chip shortages…
The global chip shortage is affecting a variety of different industries, as companies struggle to get their hands on the necessary components for their products. For automakers, it’s drastically slowed down production, leaving fewer and…
BMW of North America today reported Q3 2021 sales of 75,619 BMW vehicles in the U.S., an 8.7% increase compared to the same period last year. Year-to-date, BMW brand sales total 243,613 vehicles, an increase…
BMW posted a strong sales increase over the first two quarters of 2021. The overall sales went up by 39.1 percent on a year-to-date basis. That may seem unimpressive at first considering that the results…
The automotive industry is rebounding at rapid pace after a difficult 2020 year impacted by the COVID-19 pandemic. Today, BMW of North America, reported Q2 2021 sales of 96,561 BMW vehicles in the United States, an…
BMW announced its financial results for the first quarter of 2021 and things went better than anyone expected for the Bavarian brand. According to BMW, its group earnings before tax surged 370 percent to 3.76…
After a fast recovery due to the pandemic, BMW Group sets new sales targets for the future. According to BMW boss Oliver Zipse, the Munich-based automaker wants to sell three million vehicles per year. The…
BMW has just released an interim sales report for their entire worldwide network. According to the Munich-based automaker, the sales growth was significant in all significant regions of the world, in particular in China, and…
Despite the ongoing global pandemic, BMW Group is optimistic for the foreseeable future. According to a report by Handelsblatt, BMW Chief Financial Officer Nicolas Peter says that the 2021 global sales are expected to increase…