BMW Issues Another Profit Warning as Restructuring Costs Rise
The €36 billion luxury car group’s restructuring drive increased costs. The report says selling more higher-end, profitable cars could help revive margins, while Brussels’ cap on Chinese imports may add pressure on BMW’s prices.
By Aimee DonnellanThe €36 bln luxury car group issued another profit warning as its restructuring drive increased costs. Selling more higher-end, profitable cars could help revive its margin. But Brussels’ cap on Chinese imports will push those carmakers upmarket piling pressure on BMW’s prices.Ful…