Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Netanyahu deletes tweet featuring photo of James Foley

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

  • Merkel in Ukraine as Russian convoy marks ‘dangerous escalation’

    Read more

  • US brands journalist’s beheading a ‘terrorist attack’

    Read more

  • Europe launches navigation satellites to rival GPS

    Read more

  • Philippines to repatriate UN troops in Liberia over Ebola fears

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • Rights group sues US government over ‘deportation mill’

    Read more

  • Colombian army and FARC rebels begin work on ceasefire

    Read more

  • US National Guard starts to pull out of embattled Missouri town

    Read more

  • PSG fall flat once more against Evian

    Read more

  • Fed Chair says US job market still hampered by Great Recession

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

  • Central African Republic announces coalition cabinet

    Read more

  • Hamas publicly executes "informers"

    Read more

  • French firebrand leftist to quit party presidency, but not politics

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

Business

BMW sales plunge as crisis hits high-end

Latest update : 2008-12-06

Bavarian luxury carmaker BMW saw their monthly sales drop 25.4% in November. Sales were down 1.8% to 1.3 million units in the first 11 months of the year, confirming the global downturn is also affecting the industry's premium segment.

AFP - The global economic slowdown hit BMW hard in November, figures from the German luxury automaker showed on Friday, with unit sales slumping by more than 25 percent compared to the same period last year.
  
Sales of BMW-brand alone cars fell 26 percent to just under 81,500, the firm said, while Mini sales were down 21 percent at 15,100. It still managed to sell 110 Rolls-Royces, however, down from 135 in November 2007.
  
"Global automotive market demand fell once again in November," BMW board member Ian Robertson said in a statement.
  
"However, during the period to the end of November the BMW Group performed better than the overall premium segment and has increased its market share in the segment."
  
For the 11 months to November BMW sold 1.3 million units, down 1.8 percent.
  
A sharp fall in sales, particularly in the United States, prompted the Bavarian automaker last month to scrap its 2008 profit target, lay off thousands of workers and cut output at its factories.

Date created : 2008-12-05

COMMENT(S)