BMW Group raises sales volume and earnings forecast for 2010

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– Business performance better than expected
– BMW Group expects sales volumes in 2010 to rise by around 10% to over 1.4 million units
– Fullyear EBIT margin of over 5% expected for the Automobiles segment
– Financial Services segment aiming for earnings considerably above last yearreturn on equity of over 18% achievable in 2010
Improved business conditions on the international automobile markets mean that the BMW Group now expects to report much better

Continental Places Eurobond Successfully

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– Total volume of ?750 million
– Proceeds to be used for early repayment of bank loans
– Term of five years, coupon of 8.5 percent
– Further improvement of debt maturity profile to be implemented
Within a few days, Continental has successfully placed a eurodenominated bond with an aggregate principal amount of ?750 million with qualified investors in Germany and abroad. With this, the company has completed a further step in improving its debt maturity p

BMW Group retail grows 13.1% in first half year

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BMW Group retail grows 13.1% in first half year

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– Double-digit growth at BMW, MINI and Rolls-Royce again in June
– Rolls-Royce sells more cars than ever before
– Positive sales trend continues in Motorcycles segment
The BMW Group has ended the first half-year with substantial growth in sales. A total of 696,026 (prev. yr. 615,454) BMW, MINI and Rolls-Royce brand automobiles were delivered to customers worldwide in the first six months of the year – an increase of 13.1%. In June, sales volumes rose 12.2% to 1

Continental Saves About?100 Million with Employee Ideas

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– Calculated saving up 18% compared to 2008
– Icheon, South Korea, and Rubí, Spain, provide the most profitable ideas in the worldwide category
– Most successful German location is Alzenau, Bavaria
Employees from 128 locations around the world of the international automotive supplier Continental helped boost efficiency and cost effectiveness with approximately 270,000 ideas that were implemented. These ideas achieved savings calculated at nearly ?100 mil

Continental Announces New EUR Benchmark Bond

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As previously announced, the Continental Corporation is launching a further component of its refinancing package. The international automotive supplier has mandated a bank consortium led by Citi and the Royal Bank of Scotland to offer and sell eurodenominated notes to qualified investors internationally. The bank consortium further includes Commerzbank, Deutsche Bank, ING, Landesbank Baden-Württemberg and UniCredit Bank. With an issue volume of at least EUR500 million, the benchmark bond p

Gartner Says Number of Worldwide Mobile Payment Users to Reach 108.6 Million in 2010

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Gartner Says Number of Worldwide Mobile Payment Users to Reach 108.6 Million in 2010

.2010 – The number of mobile payment users worldwide will exceed 108.6 million in 2010, a 54.5 per cent increase from 2009, when there were 70.2 million users, according to Gartner, Inc. Mobile payment users will represent 2.1 per cent of all mobile users in 2010.
"We continue to see strong growth in developing markets in Asia, Eastern Europe, the Middle East and Africa for mobile payment, while adoption in North America and Western Europe lags behind due to the plentiful choices of

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