1910-1913:
(1/1913)
Pension funds: $82,426,589
Credits, bonds etc.: $0
Cash on hand: $185,255,760.
Nothing special happened these years. We continued to upgrade our models every now and then with modified parts to decrease costs and increase the car rating with our (potential) customers. We upgraded factories.
Our expansion to Europe had a mediocre start. People in Europe have less money to spend and the market seems smaller at all. Even our small cars (Micro and Compact) don't sell huge numbers even they are priced between $1000 and $1200. Maybe we have to lower that for Europe even more.
In 1911 we were finally able to keep our track record in shape. This wasn't fully possible before due to decentralized production and constant expansion of the company with not enough workforce available for those statistical tasks.
Some numbers comparing fiscal year 1911 with fiscal year 1912:
Cars sold in total: 134,215 -> 216,791
Phaeton: 33,012 -> 49,418
Sport: 1,236 -> 1,915
We also started to take place in more racing events, basically putting our Sports car into every competition that allows for its extreme specifications. We win some races even if our focus is development, too.
Right now we are limited by not being able to design parts that are noticably better than the current ones. We do develop parts simply for gaining experience right now and just evolve the old parts further.
(1/1913)
Pension funds: $82,426,589
Credits, bonds etc.: $0
Cash on hand: $185,255,760.
Nothing special happened these years. We continued to upgrade our models every now and then with modified parts to decrease costs and increase the car rating with our (potential) customers. We upgraded factories.
Our expansion to Europe had a mediocre start. People in Europe have less money to spend and the market seems smaller at all. Even our small cars (Micro and Compact) don't sell huge numbers even they are priced between $1000 and $1200. Maybe we have to lower that for Europe even more.
In 1911 we were finally able to keep our track record in shape. This wasn't fully possible before due to decentralized production and constant expansion of the company with not enough workforce available for those statistical tasks.
Some numbers comparing fiscal year 1911 with fiscal year 1912:
Cars sold in total: 134,215 -> 216,791
Phaeton: 33,012 -> 49,418
Sport: 1,236 -> 1,915
We also started to take place in more racing events, basically putting our Sports car into every competition that allows for its extreme specifications. We win some races even if our focus is development, too.
Right now we are limited by not being able to design parts that are noticably better than the current ones. We do develop parts simply for gaining experience right now and just evolve the old parts further.