BMW reported a higher earnings margin for its cars segment, with a rise to 12.1% in the first quarter, but kept its outlook unchanged in the face of ongoing high costs and rising competition
will not cut electric vehicle prices in China and may raise some car prices at a global level, to help weather the higher input costs of EV production, it said on Thursday following first quarter results.
"When it makes sense, we could adjust a price here and there," said Peter, who will from this month be replaced in his role by Walter Mertl. "Many experts assume that major economic areas are likely to drift further apart - both from a political and technological perspective, and also with regard to regulations," Zipse said.A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. REUTERS/Bob StrongSales were down 1.9% in Europe and fell 6.6% in China, attributed to inflation and the after-effects of the coronavirus pandemic.
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