) aims to double sales of large luxury cars next year from 2018 levels to help revive profit margins hit by investments in new technologies, Chief Financial Officer Nicolas Peter said on Thursday.
“We want to grow in the coming years and we are convinced the premium segment will outperform the overall market - and that we will outperform the market,” he said. In March, BMW warned it expected group pretax profit to fall by more than 10% this year and announced a 12 billion euros savings and efficiency plan to help offset higher technology investments.
To lower development costs for electric and driverless cars, BMW will pursue alliances, such as a plan to make a low-cost electric car with Chinese partner Great Wall . “Mini is a strategic part of BMW,” Peter said, adding smaller vehicles were gaining in relevance among urban customers seeking to downsize.
Source: Car News Wire (carnewswire.net)
BMW lost the train on electric vehicles and automation. Now bets on selling more big & obsolete, very polluting petrol cars in order to be able to afford staying in the race.
MORE LUXURY, that is what the world needs.
I definitely love my BMW!😍
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2018 Sexually Transmitted Disease SurveillanceThis page provides resources for the 2018 STD Surveillance Report. You can browse the report online, access the editable ‘State of STDs’ infographic, or use the social media toolkit for Twitter and Facebook.
Source: HHSGov - 🏆 147. / 63 Read more »
ألوان مناكير لا تفوتيها في خريف 2018 إذا كانت بشرتك حنطية اللونتبحث كلاً منا عن لون طلاء الأظافر الذي يناسب بشرتها. لذلك إذا كنت من أصحاب البشرة الحنطية، تعرفي على ألوان طلاء الأظافر التي تناسبك من هنا.
Source: Fustany - 🏆 158. / 63 Read more »
1,306 U.S. infants were born with syphilis in 2018, even though it's easy to prevent1,306 U.S. infants were born with syphilis in 2018, even though the disease is easy to prevent. 78 of those babies were stillborn, and 16 died after birth. This is America and our babies have syphiliss. Pretty sad. Trump had sex with 1,306 women? THensons3 This is horrible!McIsMe333
Source: L.A. Times Health - 🏆 364. / 59 Read more »
٥ طرح يجب أن توجد بخزانتك في خريف وشتاء 2018-2019شكل حجابك جزء هام من أناقتك، لذلك يجب أن يكون مواكباً للموضة. في خريف 2018 وشتاء 2019، ظهرت أشكال عديد للطرح التي يجب أن تمتلكينها. تعرفي عليها من هنا.
Source: Fustany - 🏆 158. / 63 Read more »
Shazam Upped Its User Base to 478 Million, Erased Losses in Apple-Impacted 2018Shazam erased its losses and increased user totals during the course of 2018, a year that saw the audio-identifying app’s acquisition by Apple. Shazam is my LDR best friend. Do not go away, okay ☺️😁
Source: billboard - 🏆 112. / 63 Read more »
American billionaires paid less in taxes in 2018 than the working class, analysis shows — and it's another sign that one of the biggest problems in the US is only getting worseIn 2018, billionaires paid 23% of their income in federal, state, and local taxes, down from 50% in 1980, according to Saez and Zucman. No shit! Using Warren Buffet in this picture is a wild move considering he has donated the equivalent Thirty-Six Billion dollars to charity in his lifetime I don't have a problem with that. Have they broken any laws? No. Next story.
Source: BusinessInsider - 🏆 729. / 51 Read more »