Home / Business / Motoring

BMW remains global most profitable automaker despite 'dieselgate' cartel scandals: study

Xinhua | Updated: 2017-08-23 10:48

BERLIN - German car producer BMW Group is the most profitable automaker worldwide despite scandals, a study shows on Tuesday.

Despite being at the heart of scandals surrounding diesel engine emissions and recent allegations of illegal collusion among German automotive firms, BMW had a profit of about 5.58 billion euros ($6.6 billion) on a revenue of 49.25 billion euros in the first half of the year.

According to the study of the accounting firm Ernst & Young (EY), BMW is then followed by Suzuki, Daimler, GM and Volkswagen.

"The profit situation has once again significantly improved compared to the previous year. The margins are now again above average in all three companies," EY auto expert Peter Fuss was cited by German news agency dpa.

In addition, the study shows that the three German automakers rely to large extent on sales in China, as every third new car were sold in the Chinese market. The highest rate was VW with 37 percent in the second quarter.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349