Publication Date:
Sat, 2011-10-29 02:23
“We have a great utilization rate right now. It is at significantly more than 110 percent,” Frank-Peter Arndt said.
BMW, which is due to report third-quarter financial results on Thursday, Nov. 3, does not see any signs of a fresh crisis, he said.
Fellow German carmakers Daimler and Volkswagen reinforced the gloomy outlook for Europe’s car industry on Thursday, giving downbeat forecasts for demand in a region beset by government debt woes.
Even if there was a downturn in demand, Arndt said, BMW could quickly cut production by cutting down on temporary staff and asking workers to use up their accrued overtime.
“We can absorb volume fluctuations of 20 to 30 percent in our network without ending up in the red,” he said.
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