We are thus heading for the best year in our corporate history.
More Quotes from Helmut Panke:
We have a comparable situation as we did have in 2005. The exchange rates are not worse, the raw material prices are not worse, so we basically have the same challenge, but we managed to cope and to compensate (for) most of those challenges in 2005.Helmut Panke
If each of us would have done it on our own we would never have reached the volume needed to make it economical,
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
We assume that BMW Group will remain on this path of growth in 2006.
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
Currency factors, high raw material prices and intense competition are all having an adverse impact.
Helmut Panke
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