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Article: 2002 Most Successful Business Year for the BMW Group Capital Expenditure At Record Level Sales Increases Anticipated for All Brands in 2003.
- Article from:
- PR Newswire
- Article date:
- March 19, 2003
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MUNICH, Germany -- MUNICH, Germany, March 19 /PRNewswire/ -- On the basis of the consistent implementation of its premium brand strategy in 2002, the BMW Group once again surpassed the record levels of sales, revenues and profits of the previous year. Against a background of a difficult market environment and in a phase of substantial expenditure for the launch of new models, the company completed the most successful business year in its history.
"2002 once again proved the strength of the BMW Group," said Dr. Helmut Panke, Chairman of the Board of Management of BMW AG at the Annual Accounts Press Conference on 19 March in Munich. "With the expenditures for the ...