BMW cuts automotive margin forecast due to Ukraine war

BMW iX production Dingolfing.jpg — Production of the iX electric SUV at BMW's factory in Dingolfing, Germany, where assembly has been halted after deliveries of wire harnesses from Ukraine were disrupted. (AUTOMOTIVE NEWS FILE PHOTO)

By:

Staff and wire reports

March 16, 2022 11:38 AM

BMW Group lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, which will have an effect on supply chains and weigh on the global economy.

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