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BMW warns of significant profit fall in 2019, seeks 12 bln eur in cuts

Wednesday, March 20, 2019 - 01:24

BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. David Pollard reports.

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BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. David Pollard reports.

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BMW warns of significant profit fall in 2019, seeks 12 bln eur in cuts

Wednesday, March 20, 2019 - 01:24