BMW Cuts Automotive Profitability Guidance Again
BMW lowered its annual profitability outlook for its automotive segment, citing the phase-out of older vehicle generations and faster implementation of its restructuring program.
By Adria CalatayudBMW again cut its annual profitability outlook for its closely watched automotive segment, citing the phase-out of older vehicle generations and a faster implementation of its restructuring program.The German luxury-auto maker said late Tuesday that it expected an earnings before…