BMW likely to increase dividends

Few years back the auto industry was affected by the slowdown across the globe, but now with the emerging and growing markets like India and China coming into the picture, the auto biggies are relieved. Luxury auto makers have been able to register robust profits in recent times by investing in these exponentially thriving auto markets.

China is the largest auto market in the world as well as has a huge scope for the luxury car segment. Recently the German auto giant BMW increased its dividend after posting stupendous sales growth in fiscal year 2010. The company performed extremely well in the Chinese auto market last year. As per the report the German auto biggie is looking at paying a 2010 dividend which is 1.30 euros per share.

The full-year consolidated profit increased from 210 million  to 3.23 billion euros ($4.48) , way above the consensus of 2.92 billion euros. BMW is eyeing at surging the sales by selling more than 1.5 million cars in the calendar year 2011.A few days back it was reported that the growth in the Asian, European and American market contributed towards the February sales. The sales of BMW, Mini and Rolls-Royce increased by 21.7 per cent in the month of February, however it is being speculated that the growth may slowdown by the end of the year.

The auto industry is abuzz with the launch of the new luxury car 2011 BMW 6 series in the month of March. The new coupe is speculated to be affixed with the robust 4.8 Liter V8 Petrol engine in the 650i trim. The high power engine will enable the coupe to smoke out enormous power of 360 Bhp@6,300 rpm with a remarkable torque of 490 Nm@3,400 rpm. The apparent date of the launch is March 25, 2011.

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