BMW Finance Chief Sees Further Growth in 2015
BMW expects sales to rise further next year as new models boost demand, the German carmaker's finance chief told a newspaper on Saturday, without giving a detailed forecast, reported Reuters.
"Of course we expect further growth in 2015 as we will see the full effect from new models coming to the market on production and sales as early as next year," Friedrich Eichiner was quoted as saying by Boersen Zeitung.
"We will also introduce more new models next year. At the moment it is difficult say how that will impact our growth."
The finance chief confirmed the company's 2014 forecast for group profit to rise by up to 10 percent and operating margin of 8-10 percent in its car segment.
Eichiner also said he saw no reason for BMW to consider a merger with another carmaker.
"I cannot think of a positive example in the car industry," he said. "Given our broad portfolio and our clear positioning in the premium car segment, I don't see any need for BMW to think of a merger."
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →