BMW 2010 Annual Report Download - page 248
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PROFITABILITY
Global balance
56
Bustling activity at the materials depot
“One of the things we have mastered to perfection is how to build exceptional
premium vehicles. There are other things, of course, that we don’t have much con-
trol over – such as economic cycles and fluctuations in the exchange rate – but
they still have a definite impact on our results. What could be better than minimising
such effects of the one so that we can focus our resources and strengths on the
other, more crucial matters – building premium cars for our customers?”
12:14 p.m. Component delivery by the material train fleet
Approx.
70%
US dollar Approx.
30%
euro
(and other currencies)
Local value creation. The BMW X family models manufactured at
the BMW plant in Spartanburg involve a high percentage of local value
creation. This includes purchasing in the NAFTA countries, the US,
Canada and Mexico, as well as wage and manufacturing costs in the
local currency.