Not everyone is optimistic about hybrids. Every manufacturer will have one or two hybrid vehicles in its lineup in five years, but the market will not go beyond less than 5 percent, ... But the real challenge is to reduce the fuel consumption of the standard engine. Hybrid is not a substitute for that.
More Quotes from Helmut Panke:
Despite the big public debate right now, it will just be a niche technology,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
We are thus heading for the best year in our corporate history.
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
The adverse external factors -- unfavorable exchange rates, high raw-material prices and intense competition -- which we reported from the very beginning of the year have been largely offset by increased sales volume and internal efficiency improvement measures.
Helmut Panke
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.
Helmut Panke
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