It's no secret that the overall economic situation is bad enough. And there is nothing surprising in the fact that analysts tend to show the automotive industry, a skeptical attitude to the profit of some automakers.
But whatever the forecast, and the Germans are ready to boast of a rich harvest. The Bavarian carmaker BMW reported that profit in the first quarter of this year was 19%. Sales of the 1-series leapt up by 20%, which helped the company achieve the target of 425.528 vehicles sold in the first quarter have been open job vacancies in the factories.
At last week's major corporations - Daimler and Volkswagen - and smashed to smithereens all the predictions of analysts: Volkswagen profits increased by 10%, and Daimler has shown an increase of 4.9% compared to the first quarter last year. This increase can be attributed to the very popular German cars in the U.S. and China.
Source: autoblog.com
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