BMW reiterated that it expected pretax profit to be significantly below 2019 levels and for car deliveries to customers to fall significantly this year.
FRANKFURT: BMW said it expected an operating profit for the full year even as Covid-19 coronavirus lockdowns pushed the carmaker to a second-quarter operating loss as deliveries of luxury cars fell 25% during the period.
The Munich-based carmaker said it swung to a 666 million euros ($786 million) loss before interest and taxes in the quarter ending June, down from a 2.2 billion euros operating profit a year earlier.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
