BMW plans extensive cost-cutting program

摘要

Cost-cutting is not usually assoiciated with OEMs in the luxury sector, but BMW plans to improve its profitability by doing just that.rnThe group posted a net profit of €2,874 million in 2006, up from €2,239 the year before.rnThe OEM is one of thernindustry s most profitable with operating margins of around 7 per cent. The money comes from selling leading-edge technology.