BMW on Wednesday said it expected group pretax profit to fall by more than 10 pe...
MUNICH - BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro cost savings and efficiency plan to help offset higher technology investment and currency costs.
Last week BMW said it would step up cost cutting in anticipation of a difficult year, as it reported a 7.9 percent fall in 2018 operating profit.
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