But Panke acknowledged that the Mini's profit margins would be lower than that of other BMW cars in its first life cycle. BMW model life cycles are generally seven years. We will not hit our usual profitability targets in the Mini's first life cycle, ... But we won't lose any money either.
More Quotes from Helmut Panke:
We are thus heading for the best year in our corporate history.Helmut Panke
We expect the BMW Group to remain on growth course in the financial year 2006. Our aim is to increase sales volume yet again and once again set a new record.
Helmut Panke
Despite the big public debate right now, it will just be a niche technology,
Helmut Panke
We intend to make 2006 the most successful year in our company's history, both in terms of unit sales and our operating earnings.
Helmut Panke
Currency factors, high raw material prices and intense competition are all having an adverse impact.
Helmut Panke
We will continue to press on determinedly along our course of growth and expansion.
Helmut Panke
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth QuotesBased on Keywords: minis
It is through accomplishment that man makes his contribution and contribution is life's greatest reward.
John Portman
A 'new thinker', when studied closely, is merely a man who does not know what other people have thought.
Frank Moore Colby
A toothache, or a violent passion, is not necessarily diminished by our knowledge of its causes, its character, its importance or insignificance.
T. S. Eliot