BMW aims for record sales in 2012March 13, 2012 - 16:22 AMT PanARMENIAN.Net - German top-of-the-range carmaker BMW said on Tuesday, March 13 it was confident it would be able to achieve record sales and earnings again this year following a bumper year in 2011. "The BMW group is confident about the current financial year after a record year in 2011," AFP quoted chief executive Norbert Reithofer as saying. "We are targeting new highs in sales volume and pre-tax earnings for 2012." As already reported last week, BMW booked net profit of 4.907 billion euros ($6.5 billion) in 2011, an increase of 51.3 percent year-on-year, and pre-tax profit rose by 52.1 percent to 7.383 billion euros. Unit (Berlin: UN7.BE - news) sales were up 14.2 percent at 1.669 million vehicles, pushing up revenues by 13.8 percent to 68.821 billion euros. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |