Walking out of a recent meeting with BMW, friend and former colleague Nathan Bell opined 'It hadn't quite dawned on me before, this is the most interesting...

Intelligent Investor

Independent Financial Research

Walking out of a recent meeting with BMW, friend and former colleague Nathan Bell opined 'It hadn't quite dawned on me before, this is the most interesting time in the auto business since Henry Ford's days'. He's right. China is the first explanation. As Chinese get richer, they want a car. And if they're richer still, they want a German premium car. BMW sold 36,000 cars in China in 2006 (just 8 short years ago). In 2014, they'll probably eclipse 450,000. It's now the single biggest market for BMW, making up more than 20% of sales and more again of profit. The other major shift is in the car technology itself. Electric vehicles and gasoline/electric hybrids are likely to go from new to mainstream, perhaps to dominant over the next few decades. Tesla currently leads the way but BMW is probably the best placed of the premium automakers and is improving quickly. (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

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