News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BMW beats expectations with first-quarter earnings | Malay MailFRANKFURT, April 20 ― German luxury carmaker BMW yesterday posted preliminary pre-tax earnings of €3.76 billion (RM18.7 billion) for the first quarter, well ahead of expectations, as the industry recovers from its coronavirus shock. The company reported “sales growth in all significant...
Source: malaymail - 🏆 1. / 86 Read more »