The world’s largest premium automaker seeks to consolidate it position this year, forecasting that global demand for cars will grow this year, including in the segment it activates, which would allow for a year of record sales.
The BMW Group had its annual general shareholders meeting yesterday, where it talked about the challenges and opportunities the automaker faces, though the picture painted was generally positive.
2014 would “be a year of growth opportunities for the automotive industry,” said CEO Norbert Reithofer. “Everything is becoming more complex and more global. Investment secures our future,” he added. “Our economic success, innovation and financial strength provide us with the latitude we need to make those investments.”
BMW shareholders voted on raising dividends this year to a record value – 2.60 euros per common share and 2.62 euros per preferred share, with the BMW Group’s forecast unchanged – the company has a goal to push beyond the 2 million units mark this year, a target that could be reached two years earlier than expected. BMW’s growth would be buoyed by the European car market showing early signs of recovery, and by increased demand in the two largest auto markets – China and the North American region.
Via Automotive News Europe