BMW-Daimler: a more logical German M&A champion LiamWardProud
BMW on March 20 said it expected group pre-tax profit to fall more than 10 percent in 2019. The company also announced a 12 billion euro savings-and-efficiency plan to help offset higher technology investment currency costs.
The Munich-based carmaker’s revenue in 2018 was 97.5 billion euros – 0.8 percent lower than in 2017. Operating profit fell 7.9 percent to 9.1 billion euros. BMW shares were down 5.4 percent to 71.62 euros at 1319 GMT on March 20. Daimler shares were down 2.1 percent to 51.77 euros.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
BMW and Daimler seek 7 billion euros savings from shared platforms: reportsBMW and Daimler are in talks to cooperate in developing vehicle platforms for el...
Leer más »
BMW, Mercedes-Benz lower prices in China after VAT dropBMW AG and Mercedes-Benz said on Saturday they will lower their prices in China,...
Leer más »
Review: The 2019 BMW M2 Competition takes fun to the next levelIn the world of BMW, M-model cars are the kings. The M3, M4 and M5 are the quickest, most exclusive and most expensive models in the Bavarian stable. But the M2 Competition takes it to the next level of fun.
Leer más »
BMW delivers 2019 profit warning and plan to cut costs by 12 bln eurosBMW expects group pretax profit to fall by more than 10 percent this year, it sa...
Leer más »
A growing list of companies from FedEx to BMW are warning about the world economyExecutives at FedEx, BMW and UBS are describing bleak macro-economic conditions around the world this week.
Leer más »
Auto stocks fall after BMW warns of global economic slowdown, trade troubleBMW executives said the industry faces a fiercely competitive environment, dogged by questions about how tariffs and trade tension between the U.S., China and Europe could affect supply chains, manufacturing and sales.
Leer más »
BMW warns of significant profit fall in 2019, seeks 12 billion euro in cutsBMW on Wednesday said it expected group pretax profit to fall by more than 10 pe...
Leer más »
China’s hasty investment law garbles the messageLawmakers have passed new rules affecting foreign firms from BASF to BMW, fast-tracking reforms to ease U.S. trade tensions. The result, though, seems awkwardly vague, drawn up with little outside input. That suggests the aim is a diplomatic win: real change will take longer.
Leer más »
BMW and Daimler seek 7 billion euros savings from shared platforms: reportsBMW and Daimler are in talks to cooperate in developing vehicle platforms for el...
Leer más »