Manufacturing Magazine April 2018 | Page 54

BMW www . bmw . co . uk

Based in Munich , Germany , BMW Group is responsible for the production of automobile brands BMW , Rolls Royce , and MINI . The company also oversees the manufacture and sale of motorcycles , spare automotive parts and the financial services associated transportation , sale , and financing of its fleet . BMW Group reported a net revenue of $ 104.16bn in 2017 , while the company ’ s asset portfolio grew by over $ 12bn year to year , continuing a 10-year trend of continuous expansion . The company reported last month that January 2018 represented an all-time record in sales , with

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169,538 completed transactions , a 3.8 % increase over January 2017 .

NISSAN www . nissan-global . com

Nissan Motor is based in Yokohama , Japan , and reported a net revenue of $ 105.94bn in 2017 . This figure represents a more than $ 4bn increase over the previous financial year . In November 2017 , Nissan was forced to recall 1.2mn vehicles from the domestic market due to an inspection scandal . As a result , the company downgraded group operating profit outlook for the fiscal year by $ 0.9bn . However , due to Donald Trump ’ s tax bill , the company raised its group net profit outlook to a record $ 6.61bn from its earlier estimate of $ 5.01bn . 9 54 April 2018