Tesla Destroying BMW? BMW Profits Face 'Significant Decline' in 2019

BMW warned it faces a significant decline in its 2019 profit. It blamed trade conflicts, rising costs, and new emissions regulations.

BMW board member also blamed "rapid transformation" of the auto industry, a clear allusion to EVs and specifically Tesla, since at this point it is the only OEM with vehicles in the same class as BMW.

Its profits ytd are down 7.9% from 2017.

Share this post

Link to post
Share on other sites
Sign in to follow this  
Followers 0