BMW undergoes a tuneup: auto maker overhauls management roles, outlines sales objectives
Article Abstract:
German automobile manufacturer BMW AG announced a reorganization that sets new profitability and sales objectives and restructures company management. The new plans target a worldwide sales growth rate exceeding 40% by the year 2020 to over two mil vehicles per year. An interim goal of 1.8 mil in annual sales is set for 2012. Included in the reorganization is a change in roles for two board members and the addition of two new board members.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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BMW shares jump 8.7% on rumors
Article Abstract:
Bayerische Motoren Werke AG (BMW) saw its stock value rise by 8.7% as rumors that the company would intensify the restructuring of its struggling British Rover unit. The restructuring is an attempt by BMW to prevent a takeover. BMW said that it wishes to remain as an independent entity. The car maker added that the appointment of Joachim Milberg as chairman did not mean that a takeover was imminent.
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Stock value rises by 8.7% on rumors that company will intensify restructuring of its struggling British Rover unit
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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BMW expects net profit to increase this year
Article Abstract:
Because of sales growth and foreign-exchange rates, BMW AG expects a net profit increase in 2008. Article discusses the company's 2007 net profit of $4.93 billion, stock value, strategic plans, and expected unit sales for 2012.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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