Investments in cleaner vehicles slows profit growth at BMW
German carmaker sticks to its full-year forecasts and avoids the profit warnings that have beset the industry
04 August 2019 - 18:30
Frankfurt — BMW’s second-quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits.
However, the German carmaker stuck to its full-year forecasts, avoiding the profit warnings that have beset the industry and helping to push its shares higher on Thursday...
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