BMW said third-quarter earnings before interest and tax (EBIT) rose 17 percent to €2.26 billion ($2.83 billion) as surging demand for its SUVs more than offset slow sales of its electric cars and Mini brand.
Net profit, however, slipped 1 percent to €1.31 billion. BMW said this was due to a higher tax bill and a writedown on the value of its stake in carbon fiber manufacturer SGL Carbon.
MINI has unveiled a very special concept: the MINI Superleggera Vision that was shown at at the Concorso d’Eleganza Villa d’Este 2014 this past weekend.
MINI has revised the Countryman with slight tweaks to the exterior styling and improved engines for better fuel economy. The revised car is priced from £16,990 and will be available to order from June.
MINI is looking for around 160 young people to take up apprenticeships through its company and dealership schemes in 2014. In addition, as part of its expansion plans for 2014, Rolls-Royce is looking to recruit a further 100 new employees.
It’s not business as normal anymore at Mini. The small car brand has posted outsize sales growth for the last few years, but now competition has started to ding the brand as rivals like Ford and Toyota introduce a widening array of small, fuel-efficient cars.
