BMW earnings decline on higher carmaking costs

  • 📰 DailyExpress_MY
  • ⏱ Reading Time:
  • 20 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 83%

Sabah News

News,Newspaper,Headlines

LONDON: BMW AG’s earnings fell in the first quarter after rising manufacturing costs weighed on the luxury-car maker’s profitability.

By: Bloomberg, FMTBMW outpaced its rivals in the EV market, with a 28% sales surge driven by high demand for models like the i4 sedan and iX1 SUV. BMW AG’s earnings fell in the first quarter after rising manufacturing costs weighed on the luxury-car maker’s profitability.

The results indicate car markets may remain challenging this year amid persistent inflation, a protracted recovery in China and muted economic growth in much of Europe. The company also outperformed its peers Mercedes and Audi on fully electric vehicles, with sales rising 28% amid robust demand for battery-powered models such as the i4 sedan and the iX1 sport utility vehicle.

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:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

BMW i7 EV enters Malaysia Airlines private transfer service at KLIA – for Enrich Platinum, business classThe BMW i7 electric vehicle will serve in the exclusive private terminal transfer service at the Kuala Lumpur International Airport (KLIA) for Malaysia Airlines, offering the private terminal transfer service to the airline’s Enrich Platinum, …
Source: paultan - 🏆 22. / 51 Read more »