Automotive Industry: Major Players: Difference between revisions

Automotive Industry: Major Players (view source)

1,188 bytes added , 21 September 2023

6,572

edits

@@ Line 1,073: / Line 1,073: @@
 === How sustainable are BMW and Mercedes-Benz profits? ===
+==== Reasons for the profit developments from 2021-2023 ====
+{| class="wikitable"
+|+
+!Brand
+!H1 2023
+!2022
+!2021
+|-
+|BMW
+|Due to strong growth in net profit in H1 2022 due to one-time effect arising from consolidation of its Chinese joint ventue. The group also witnesed higher tax rate in the current period due to the consolidation of the venture<ref>https://www.bmwgroup.com/content/dam/grpw/websites/bmwgroup_com/ir/downloads/en/2023/q2/BMW_Group_PM_Q2_2023_EN.pdf</ref>.
+|Strong pricing for its high-end models due to global shortage of semi-conductor materials as well as full consolidation of Chinese joint venture, BMW Brilliance Automotive Ltd. (BBA). <ref>https://www.press.bmwgroup.com/global/article/detail/T0410558EN/solid-business-figures-for-2022-confirm-bmw-group-strategy?language=en</ref>
+|Due to global semi-conductor shortage, BMW was able to sell more of high-profit models due to shortage of vehicles.<ref>https://www.press.bmwgroup.com/global/article/detail/T0372853EN/bmw-group-significantly-increases-group-earnings-and-net-profit?language=en#:~:text=The%20strong%20earnings%20we%20achieved,AG%2C%20on%20Thursday%20in%20Munich.</ref>
+|-
+|Mercedes-Benz
+|
+|
+|
+|}
 == References ==