BMW, VW, Ford Losses Should Spur Show Action; Tesla Outshines. “Tesla is becoming a very serious competitor in the premium market” Many global automakers lost money in the coronavirus-stricken first half of 2020 and underlying performances at BMW, Volkswagen and Ford point to the need for drastic reform, while General Motors and Tesla can rest […]
Tag Archives | BMW
BMW Shocks Investors With Big Loss, But Expects Small Profit For The Year
BMW Shocks Investors With Big Loss, But Expects Small Profit For The Year. “Our swift responsiveness and consistent management strategy enabled us to limit the impact of the corona pandemic on BMW during the first half of the year,” Oliver Zipse BMW lost a record amount of money in the coronavirus-stricken second quarter, but still […]
BMW Cuts Profit Forecast Again, And Warns About Uncertainty
BMW Cuts Profit Forecast Again, And Warns About Uncertainty. “delivery volumes will not return to normal within a few weeks” BMW cut its automotive profit margin forecast for 2020 to between zero and 3% because of the coronavirus epidemic, and warned that this second profit warning this year might not be its last. In a […]
BMW Expects Sharply Lower Profits As Coronavirus Strikes
BMW Expects Sharply Lower Profits As Coronavirus Strikes. “Uncertainty is everywhere, but we commend BMW for attempting to quantify (the virus) impact and guiding through the uncertainty” BMW said it expects profits to maybe halve in 2020, as the impact of the coronavirus hits sales, economies and consumer confidence. BMW said the impact of the […]
BMW Profits Drop As Expected And Share Price Advances
BMW Profits Drop As Expected And Share Price Advances. “In terms of the mid-term investment case, we see little in the statement to undermine our view that the incoming management team will need to significantly re-base expectations in the coming months” BMW profits slumped in the second quarter, but the fall had been well signposted […]
BMW, Daimler Face Rocky Financial Reports, But Not VW
BMW, Daimler Face Rocky Financial Reports, But Not VW. “An industry-wide shift towards electric vehicles threatens BMW’s (profitability) lead” Investors in big German carmakers are bracing themselves for financial results in the next weeks that will underline gloomy long-term profit prospects, except for Volkswagen that is. Mercedes Benz parent Daimler and BMW are both facing […]
BMW Profit Hit By EU Fine Provision; Looks To Strong 2nd Half
BMW Profit Hit By EU Fine Provision; Looks To Strong 2nd Half. “So underlying numbers met expectations, although the provision taken for risks from EU fines was higher than expected” BMW said its main automotive division lost money in the first quarter, but investors were relieved to hear this was because the company took a […]
BMW Shares Fall After It Cuts Profit Forecast
BMW Shares Fall After It Cuts Profit Forecast. “BMW struggles for differentiation in an increasingly tough environment” BMW shares dived almost 5% after it warned profits will fall in 2019 and announced a 12 billion euro ($13.6 billion) savings plan to offset possible damage from trade conflicts and pay for research on electric cars. Investors […]
BMW Shares Take A Hit As Profit Prospects Deteriorate
BMW Shares Take A Hit As Profit Prospects Deteriorate. Apparent Progress In China-U.S. Trade Talks Is A Positive. “We forecast a 7.4 per cent auto EBIT margin in 2019” BMW’s share price has dived almost 30% this year as its profit prospects worsened, but in recent days there was some signs of revival as hopes […]
BMW Profit Shortfall Suggests The Good Times May Be Over
BMW Profit Shortfall Suggests The Good Times May Be Over. “its fortunes could be at a turning point. Threats from environmental regulations, technological change and new competitors are huge” BMW’s sharp drop in profits couldn’t have been a surprise to investors. After all BMW warned this would happen in September. But BMW’s stock price tumbled […]