Filed under: BMW
According to a report from Automotive News
has managed to replace Toyota
as the world's most valuable car marque, even though the German automaker saw its brand's worth decline last year. The article sites a study by Millward Brown called the BrandZ Top 100. On the heels of Toyota's recent recall troubles, the company's value declined by 27 percent to a shade under $21.8 billion. Meanwhile, the BMW drop was much less at just nine percent, putting its total value at $21.8 billion even.
Despite Toyota's stumble, researches at Millward Brown seem to think the brand will be back on top of its game before too long. A spokesperson said that the carmaker's aggressive work to rebuild its reputation is already underway and should do much to restore the company's global standing.
Meanwhile, automakers like Ford
made progress on improving their own brand value thanks to investments in entertainment and emissions technologies. Those companies are both valued at around $7 billion.
The Automotive News
report also pointed out that high-end automakers like Porsche and Mercedes-Benz suffered the most from the economic downturn, with those brands seeing their value decline by 31 percent and 11 percent, respectively.
Interested in seeing Millward Brown's complete study results, including brand values for non-automotive businesses? Click here
for the full report of everything from beer to apparel to gas companies.
[Sources: Automotive News
, Millward Brown]Study: BMW replaces Toyota as world's most valuable automaker
originally appeared on Autoblog
on Thu, 29 Apr 2010 09:32:00 EST. Please see our terms for use of feeds
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