From the BBC World Service: BMW Chief Financial Officer Nicolas Peter tells us that President Biden's Inflation Reduction Act confirms they're heading in the right direction as an organisation, but it's infrastructure not subsidies that the industry needs. Plus ex NFL star JJ Watt explains why he's investing in an English Soccer team, and finally, BBC's Sydney reporter Phil Mercer reports from Australia the government has brought 10 days paid leave to help those suffering domestic abuse.
BMW reported on Thursday an earnings margin of 12.1% in the first quarter of 2023 for its cars segment, up from 8.9% a year earlier, confirming its outlook for 2023 but warning of ongoing high. | May 4, 2023
Global carmakers raise stakes in bid to cash in--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.