The recession did not affect everybody the same, especially in the auto industry. BMW Group said that, despite the financial and economic crisis worldwide, it managed to reach its objectives for 2009.
We are confident that the BMW Group will, as planned, be able to post a profit before tax for 2009. This demonstrates that rigorous cost management and other wide-ranging measures to improve profitability in conjunction with our Strategy Number ONE are taking effect, stated Norbert Reithofer, Ch… (read more)