BMW expects ‘significant’ rise in 2021 earnings | Malay Mail

📆 17/03/2021 14:48:00
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FRANKFURT, March 17 — German luxury automaker BMW said today it expected a “significant increase” in profit before tax this year and would speed up its transition to electric vehicles as the economy recovers from the coronavirus pandemic. For 2020, the company reported a 23-per cent slump in...

A BMW logo is pictured before the annual news conference of German premium automaker BMW in Munich. ― Reuters picFRANKFURT, March 17 — German luxury automaker BMW said today it expected a “significant increase” in profit before tax this year and would speed up its transition to electric vehicles as the economy recovers from the coronavirus pandemic.

BMW said it was determined to build on the upturn that begun in the second half of last year, bringing forward the launch of its key electric car the i4 and hiking sharply its sales forecasts for the new vehicles.

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