BMW AG says net profits for the first quarter fell 19.3% to E510 million ($584.6 million) due to weak demand and costs associated with the planned launch of several critical new models later in the year. Overall revenues for the German luxury auto maker dropped 4.6% to E10.3 billion ($11.8 billion), while revenues from automotive operations slipped 1.2% to E9.4 billion ($10.8 billion). Sales of BMW vehicles in Germany – where the economy remains stuck in neutral – declined ...

Premium Content (PAID Subscription Required)

"BMW Posts Lower Q1 Profits" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.