The world’s biggest premium carmaker is planing to sell more than two million vehicles a year by the end of the next decade. The company is also aiming to earn a ten percent return on sales before interest and tax at its core automotive division by 2012.
BMW also revealed that it would be open to acquisitions to encourage expansions. As part of its heavily anticipated strategic review, BMW is even looking into buying or setting up a fourth brand at one point.
According to sources, BMW had earlier promised to pay a considerably higher bonus for 2007. BMW has said that it would use its recourses to steadily fund out its pension obligations and will place the opportunity of a share buyback on the back burner for the next 12 months.
To catch up with its sales goals, BMW will swell its range with at least four new models by 2012. The line-up includes the X1 SUV based on the 1-Series hatch, a high end four-door coupe based on the CS Concept, the production version of the X6 Concept and a Crossover codenamed Progressive Activity Sedan or PAS for short.
The new Gran Turismo will be a four-door coupe based on the CS concept and for the meantime, The Rolls-Royce brand in addition to its models sited under Phantom will launch the new coupe.
