BMW, Porsche Sales & Toy eyes GM...

motordavid · #1 01-27-2007, 03:16 PM

From Bloomberg News via Sat's NewYawkTimes...
BR,mD

BMW Reports Record Sales; Porsche Posts Revenue Drop

By BLOOMBERG NEWS

Published: January 27, 2007
BERLIN, Jan. 26 (Bloomberg News) — BMW, the German carmaker, posted record sales last year with new versions of the 3 Series car and X3 sport utility vehicle. Revenue at a German rival, Porsche, dropped for the first time in 14 years as demand for the Cayenne sport utility vehicle slumped.
Sales at BMW rose 5 percent in 2006, to 49 billion euros ($63.7 billion), the company said in a statement. Porsche’s six-month revenue dropped 2.9 percent, to 3.02 billion euros ($3.9 billion). Both companies said earnings rose, with Porsche gaining from its 27.4 percent stake in Volkswagen, Europe’s largest carmaker.

“BMW with its new models did well, and sales should rise this year,” said Juergen Pieper, an analyst at Bankhaus Metzler in Frankfurt. “With Porsche, it does concern me that the top line was so weak.”

BMW introduced a new X5 S.U.V. and Mini in the second half to maintain growth while Porsche suffered from a drop in Cayenne sales before a reworked version reaches dealerships in March.
BMW, which will report earnings in March, reiterated on Friday that pretax profit climbed to a record 4 billion euros in 2006, helped by a gain from the sale of a stake in the aircraft-engine maker Rolls-Royce Group.

Georg Stuerzer, co-head of equity research at HVB in Munich, said that he expected BMW’s profit to rise by about 6 percent, excluding the one-time gain from the Rolls-Royce sale.
Porsche reported on Friday that net income increased to 1.05 billion euros in the six months ending Jan. 31, from 169.8 million euros a year earlier, because of its stake in Volkswagen.
Contributions to Porsche from the Volkswagen stake included a “substantial figure in the three-digit million-euro range” from buying calls on Volkswagen shares as well as a one-time gain of 520 million euros for the revaluation of the stock held by Porsche, the carmaker said. Volkswagen’s shares have almost doubled in the past 12 months.

That more than compensated for any effect from the decline in Cayenne demand. Cayenne sales fell by more than a third to 10,225 vehicles in the first half, while sales of the 911 car gained 16 percent, to 17,340 units. Boxster and Cayman sales rose 22 percent, to 12,170 cars.
BMW will face increased competition this year from DaimlerChrysler’s new Mercedes-Benz C Class, which competes with the 3 Series, and Toyota’s new Lexus LS, the luxury sedan.

Toyota Narrows the Gap
TOKYO, Jan. 26 (AP) — Month by month, year by year, Toyota has been closing in on General Motors’ position as the world’s top automaker.
On Friday, Toyota Motor Corporation, maker of best-sellers like the Camry and the Corolla, said global vehicle production topped 9 million in 2006, at 9.018 million vehicles, the fifth consecutive year of growth.
General Motors and its group of automakers produced 9.18 million vehicles worldwide in 2006, according to the Detroit-based automaker — about 162,000 vehicles more than its Japanese rival.
That gap has narrowed from about 819,000 vehicles at the end of 2005, when Toyota and its Japanese units made 8,232,000 vehicles worldwide and G.M.’s production totaled 9,051,000.

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Michelle · #2 01-27-2007, 03:22 PM

trueX5er · #3 01-27-2007, 06:54 PM

Good Job BMW. Although Porsche's revenue dropped, they still make the most money off each car out of all automakers in the world. Strangely, I have only seen THREE Caymans on the road. Where are they? I thought they were selling well.

DINANM3 · #4 01-27-2007, 09:44 PM

porsche makes the most money on each car because there R&D costs are nothing compared to BMW. Everytime they introduce a new modle you can barely distingush it from an old one. they designed the 911 35 years ago and have just been updating it. BMW probably has the highest R&D costs of all automakers. They are constantly coming out with brand new tecnology and brand new motors. On top of that Porshce is probably the most over priced car on the market.

trueX5er · #5 01-28-2007, 01:28 AM

correct, dinan

asawadude · #6 01-28-2007, 11:40 PM

Quote:

Originally Posted by DINANM3

porsche makes the most money on each car because there R&D costs are nothing compared to BMW. Everytime they introduce a new modle you can barely distingush it from an old one. they designed the 911 35 years ago and have just been updating it. BMW probably has the highest R&D costs of all automakers. They are constantly coming out with brand new tecnology and brand new motors. On top of that Porshce is probably the most over priced car on the market.

What?

Porsche historically has greater expenditures in R&D stated as a percentage of sales than any other car maker dating back to 1997. BMW has pulled even with Porsche only in 2004 and 2005 in regards to R&D. Porsche's capex from year to year far exceeds any other car manufacturer. If anything, they put more back into their corporation than any other manufacturer.

DINANM3 · #7 01-29-2007, 01:06 AM

Quote:

Originally Posted by asawadude

What?

Porsche historically has greater expenditures in R&D stated as a percentage of sales than any other car maker dating back to 1997. BMW has pulled even with Porsche only in 2004 and 2005 in regards to R&D. Porsche's capex from year to year far exceeds any other car manufacturer. If anything, they put more back into their corporation than any other manufacturer.

Im gonna need proof of that to believe it. They just keep putting out the same shit with minor improvements. Every M car that ever came out has had a brand new engine design every generation. That flat six has been the same for years. they bore it they stroke it they change the turbos. So what. An after market tuner can do that. What about BMW they came out with a brand new V10 just for the M6 and M5 which sell in such small numbers they will never make a profit off of it.
Have you seen the 2008 cayenne yet. They are calling it a brand new model. I wouldnt even consider it a facelift over a the 2006 model.

Next Pcars are definately overpriced. Ive taken down 911 non turbos in my M3 and M5 like it was a joke. And both M cars affer more and cost less.

asawadude · #8 01-29-2007, 05:52 AM

http://www.autonews.com/assets/PDF/CA7411629.PDF

I really can't see how you can equate the Porsche 997 with a Porsche 901. Other than the traditional Porsche shape, there is not one common part between the two cars other than emblem. You're trivializing Porsche's changeover to water cooled engines with the 986 and 996 models. That was huge financial investment and a major paradigm shift for Porsche at the risk of alienating their core loyalists.

Porsche's engine program has always been outstanding. Keep in mind that the engine that powers a Porsche 997 Turbo has a lineage from a Volkswagon flat 4. And you think they don't spend money on R&D?

Porsche sells 3 cars - the Boxster, the 911, and the Cayenne. Porsche builds 7 engines for these 3 models. 4 different 6's and 3 different V8's. How many engines does BMW have in their entire line of cars? Let's see what you have to say when the 998 comes out with the long rumored flat-8 engine in 2009.

But then, your E46 M3 and E39 M5 whupped on non-turbo 911's regularly. WRX STi's and Evo's are faster than M3's and M5's. Does that make Subies and Mitsus better than Bimmers and Porsches? Does that mean Subie and Mitsu spend more money on their R&D program?

DINANM3 · #9 02-01-2007, 10:29 PM

The only thing im gonna say here is no STI or evo that are still stock will ever beat my mcars. Especially my M5 as it climes to 185 with no limiter. My buddy has an evo. And I beat the hell out of him over 100mph on the highway. But after that he put about 15k into his car and currently is dynoing at 460hp to the wheels. So I decided to stop racing him.

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