Luxury carmaker BMW reports record $6.6B profit for 2015
FRANKFURT, Germany — German luxury carmaker BMW AG has reported a record profit of 6.0 billion euros ($6.6 billion) for last year, a 10 percent increase, as sales grew in all major regions.
The Munich-based company, celebrating its 100th birthday this week, said Wednesday that profits were boosted by stronger sales of its X5 and X6 sport-utility vehicles. It also widened its appeal by introducing the 2-Series Gran Tourer, a family-style van.
Consumers worldwide bought 6.1 percent more of the vehicles with the distinctive kidney-shaped grille, bringing sales to 2.24 million units. Revenues... read more