Helmut Panke had good reason to boast during a recent visit to Detroit. As the chief executive of BMW AG, he's felt the fury of critics angered by the radical design shift at the German automaker's flagship brand. Yet despite the dire predictions, BMW is expecting record revenues and earnings this year.
....BMW needs to get a grip on quality, which is lagging well behind some of its Asian rivals....."There is no excuse," Panke said glumly, adding that "We clearly want to be in the top three." ....
...In 2003, the People's Republic was the single-largest market for BMW's 12-cylinder vehicles, Panke reported with undisguised amazement....
....What else might be in store? "I honestly can say I don't know," said BMW's CEO. But a number of possibilities are under study, and one only has to look at the success of the X-series, said Panke, to get a clue. The traditional lines between product segments will continue "to blur," and BMW needs to stay on top of the shifting market if it hopes to maintain its current momentum.
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....BMW needs to get a grip on quality, which is lagging well behind some of its Asian rivals....."There is no excuse," Panke said glumly, adding that "We clearly want to be in the top three." ....
...In 2003, the People's Republic was the single-largest market for BMW's 12-cylinder vehicles, Panke reported with undisguised amazement....
....What else might be in store? "I honestly can say I don't know," said BMW's CEO. But a number of possibilities are under study, and one only has to look at the success of the X-series, said Panke, to get a clue. The traditional lines between product segments will continue "to blur," and BMW needs to stay on top of the shifting market if it hopes to maintain its current momentum.
Full Article