description

FRANKFURT -- BMW will step up cost cutting in anticipation of a difficult year, the German carmaker said on Friday, as it reported a 7.9 percent decline in 2018 operating profit due to higher investments in electric vehicles and currency headwinds. "In view of current developments, we intend to further broaden and significantly intensify these (cost-cutting) efforts," he said, adding the company would reduce the number of vehicle variants it builds and markets.

general info

  • Uploaded    03/15/2019
  • Business & Finance
  • South Korean Automakers Under Investigation For Vehicle Fires
  • Goldman Sachs Aims For More Hispanic And Black Entry-Level Workers
  • Esports Viewership Expected To Grow Massively
  • 'Similarities' found in Boeing crash probe -investigators
  • Warner Bros CEO Kevin Tsujihara Resigns As AT&T Probes 'Mistakes'
  • Bet on data center, office REITs says John Creswell
  • Wall Street rises ahead of Fed meeting
  • Facebook Shares Drag On S&P 500
  • S&P 500 Is Four Percent Away From A New All Time High