BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would start to weigh on European demand in particular in the coming months.
Zipse: “Compelling products are best answer to challenging environment” +++ E-mobility ramp-up leads to bigger CO2 reductions +++ Group EBT at € 20.3 billion after nine months – EBT margin 19.6% +++ Q3 EBIT margin on target at 8.9% (excluding consolidation effects related to BBA: 10.1%) +++ Free cash flow of € 9.9 billion for Automotive Segment in YTD September +++ Full-year guidance confirmed +++
MIL-OSI Translation: BMW Group remains on course for success in the transformation foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Carmakers BMW and Stellantis on Thursday expressed concerns about Europe s economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and. | November 3, 2022