CategoryAutomakers

BMW ratchets up cuts as operating profit falls

Employees fit a hood to a BMW i8 hybrid electric sports car at BMW's factory in Leipzig, Germany, on March 14. The carmaker said 2018 return on automotive sales fell to 7.2 percent from 9.2 percent a year earlier, as investments in EVs and a price war triggered by new emissions tests weighed on profits. (BLOOMBERG)
R
By:
Reuters
March 15, 2019 11:10 AM