BMW raises pretax profit guidance regardless of third-quarter earnings decrease

Images of BMW 5-Series

BMW somewhat raised its profit outlook relying on demand for new models and slashing development spending even as third-quarter revenues fell on technology expenses. The automaker on Tuesday anticipated a 5-10 percent gain in pretax profit, raising a former forecast of 1-5 percent. New vehicles are adding fuel to demand, including its redesigned 5 Series, […]

BMW to balance out high research and development costs through 2019

BMW M550i at Detroit Auto Show

BMW will simplify its manufacturing procedure, providing less variations of engines and equipment, to balance out high research and development (R&D) costs through 2019, the German automaker’s financing chief Nicolas Peter stated on Wednesday. Automaker is developing electric, autonomous and connected cars along with the vehicles with combustion engines to meet more rigid emissions tests. […]

BMW cautions profits under pressure as car margins slip

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BMW’s profit margins on automobiles drop in the third-quarter Struck by costs on more engineering personnel and brand-new electrical car innovations versus a background of stiffer cost competitors in the United States high-end vehicle market. BMW and its competitors are having a hard time to preserve earnings levels in the middle of heavy financial investment […]

Audi’s August sales increases 2.9 percent on Chinese demand for compact cars

Audi increased worldwide sales 2.9 percent in August on high demand in its key Chinese market for luxury compact vehicles including the A3 and Q3 models. The Volkswagen-owned department on Tuesday stated that deliveries increased to 132,350 vehicles last month from 128,647 a year earlier, with eight-month sales boost 4.9 percent at 1.23 million. Sales […]