May 7, 2012

German automakers are not met analysts' forecasts

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.
German automakers are not met analysts' forecasts


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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