BMW eyes auto division margin of 3-5% in 2028, Bernstein analysts say

BMW XETR:BMW set a margin target of 3% to 5% for its auto division in 2028, Bernstein analysts wrote in a note on Wednesday, as the German company plans to offer fewer models and increase localization.By early next decade, BMW hopes to return to a range of 8% to 10%, Bernstein wrote, which would be…