- May 16, 2006
BMW is on a roll
Even without the windfall profits from the sale of the Rolls-Royce aircraft engine business earlier this year, BMW will book a record pretax profit of about $5.15 billion in 2006, driven by strong sales growth (up 13.9 percent in the first quarter) and efficiency improvements. All this despite the drag of a strong euro (vs. a weak dollar) and the rising cost of raw materials.
Now that's the kind of news a CEO likes to take to the annual meeting...