BMW's reports profit lift on strong SUV sales and improved margins

RSS Feed · 11-07-2019, 04:26 AM

Filed under: Earnings/Financials,BMW

BMW's new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings. Oliver Zipse, who became CEO in August, said the German sportscar manufacturer is on track to meet full-year targets, unlike rivals such as Ford which have been forced to lower their profit forecasts due to slower sales in China. Sales of BMW's passenger cars rose 3.6%Continue reading BMW's reports profit lift on strong SUV sales and improved margins

BMW's reports profit lift on strong SUV sales and improved margins originally appeared on Autoblog on Wed, 6 Nov 2019 08:33:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

...More...

11-07-2019, 04:26 AM	#1
RSS Feed Newsfeed Bot Join Date: Aug 1998 Posts: 6,228 Thanks: 0 Thanked 10 Times in 10 Posts	BMW's reports profit lift on strong SUV sales and improved margins Filed under: Earnings/Financials,BMW BMW's new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings. Oliver Zipse, who became CEO in August, said the German sportscar manufacturer is on track to meet full-year targets, unlike rivals such as Ford which have been forced to lower their profit forecasts due to slower sales in China. Sales of BMW's passenger cars rose 3.6%Continue reading BMW's reports profit lift on strong SUV sales and improved margins BMW's reports profit lift on strong SUV sales and improved margins originally appeared on Autoblog on Wed, 6 Nov 2019 08:33:00 EST. Please see our terms for use of feeds. Permalink \| Email this \| Comments ...More...