Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

VW's Bentley raises car sales target on new models: report

Published 12/15/2014, 03:17 AM
Updated 12/15/2014, 03:17 AM
© Reuters. A Bentley GTV8S and its hood ornament is seen at the 2014 Los Angeles Auto Show in Los Angeles

BERLIN (Reuters) - Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday.

Bentley is now targeting 20,000 annual deliveries by 2020, double its 2013 sales and an expansion of the brand's original goal of pushing sales to 15,000 models by 2018, the newspaper said, citing the brand's chief executive Wolfgang Duerheimer.

Bentley made about 11,000 deliveries in 2013 with revenue and operating profit rising to 1.68 billion euros ($2.1 billion) and 168 million euros respectively. Sales, revenue and profit may all grow further this year, the CEO said.

The 95 year-old brand is diversifying its model line-up and plans to decide on a fifth model line by next autumn, Duerheimer told Reuters in October.

(Reporting by Andreas Cremer; Editing by Mark Potter)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.