News

BMW’s profit decimated by expected fine

07/05/2019

BMW has reported an 11% increase in deliveries for the first quarter of 2019, but its profit was down 75% in expectation of a "significant fine". Profits fell from €1.3 billion in the first quarter 2018 to €762 million this year. However, Rolls-Royce deliveries increased by 50%. The EU Commission is investigating whether German carmakers...

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