Car, Mobility, And Motoring News

Car, Mobility, And Motoring News
Car, Mobility, And Motoring News

Car, Mobility, And Motoring News

And the company now expects its annual return on capital employed to be between 11% and 13%, down from 15% to 20%. Citing each recall costs and dwindling demand in China, BMW is chopping its automotive segment’s 2024 earnings before interest and taxes margin, an essential profitability metric, to 6% to 7% — down from a previous vary of 8% to 10%. Munich-based BMW Group mentioned Tuesday that actions associated automotive news to addressing a faulty integrated braking system, made by a supplier for the corporate, would attain “a high three-digit million amount” for the third quarter. Halted deliveries for impacted vehicles not already in buyer palms are also anticipated to negatively impression sales.

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