BMW says coronavirus hit China sales but sticks to 2020 global target


Oliver Zipse

FRANKFURT: BMW on Tuesday said its China sales have taken a hit this year because of the new coronavirus, but stuck to its target for growing passenger car sales for the year, and said its global supply chain has not been disrupted.

"There has been a significant impact in China," Chief Executive Oliver Zipse told journalists in a conference call.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
BMW , Covid-19

Next In Business News

Asian stocks surge as Micron earnings ease AI fears
Yinson posts higher net profit of RM120mil in 1Q
FBM KLCI stumbles even as tech roars back on AI optimism
TNG Digital launches ASB financing in TNG eWallet, in collaboration with CIMB
Australia employment rebounds in May, jobless rate eases from 4-1/2-year high
South Korean chip shares surge after Micron flags strong AI-related demand
Ringgit opens firmer on stronger investors sentiment, FDI surge
FBM KLCI makes cautious gains as tech rout, Fed outlook weigh on sentiment
Trading ideas: AEON Credit, Mi Tech, Keyfield, Kee Ming, XL, Ann Joo, Sealink, TFP, Ecobuilt, Eckem, SSF
BNM fines AEON Credit for breaches

Others Also Read