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BMW Profitability Hits a Bump

Strong car sales offset by miserable motorcycle results.

by on May.07, 2018

BMW CEO Harald Krueger said the company's recent financial results were impacted negatively by poor motorcycle sales.

The BMW Group’s profits dropped slightly during the first quarter as the company’s motorcycle business took a beating during the first three months of the year offsetting a solid gain by the company’s automotive business.

Harald Krueger, chairman of the Board of Management of BMW AG, said the group is “confident” it can reach projected targets for the current financial year since the international automobile markets will continue their generally upward trend.

Global News!

However, the favorable factors are offset by extremely high levels of upfront expenditure for new technologies, fierce competition and rising personnel expenses. The global political and economic environment is expected to remain volatile. (more…)