Carmakers BMW and Stellantis on Thursday expressed concerns about Europe's economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and hitting their shares.
for this year and 2023 as demand for its luxury cars, as well its pricing power, remained strong.
But BMW's chief financial officer Nicolas Peter said high inflation and rising interest rates could hit buyers' wallets. He added customers had been unhappy about the wait for new cars, so "a slight reduction would not be negative."
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