Bmw on road to recovery, predicts modest rise in car sales
tryme submitted on 2/8/2010 Official Bell & Ross Timestamp: 3:20:29 PM
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BMW AG predicts that in 2010, it will have a modest rise in car sales.
It also expects a 2009 pretax profit despite the global economic crisis.
Some analysts say that the sales figures for 2009 are indeed welcome and they’re optimistic about BMW’s targets; however, others contend that there will still be pressure on BMW’s profit margins and outlook as the car sector remains at risk due to the ongoing economic crisis.
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