BMW Stock News
€54.50
0.15%
Xetra, Oct 14, 11:14 am CEST.
Market open.
Sector
Industry
BMW Stock News
The automaker—which houses its namesake brand as well as the Mini and Rolls-Royce marques and a motorcycle business—said overall group sales fell 6.3%.
BMW deliveries fall 6.3% in third quarter as China sales slump
BMW, Audi and Volvo are among the automakers trying to boost U.S. sales to offset weakness in Europe and China.
For years, automotive analysts have been predicting that electric vehicles would become cheaper than their gas-powered equivalents. They figured it would happen sometime in the latter half of the 2020s.
BMW is holding a two-day capital markets event to brief investors about the premium carmaker's strategy, the first for new CEO Milan Nedeljkovic, who took over in May.
Outlining its strategy at an investor event Wednesday, the company said it must significantly increase speed and efficiency across the group.
BMW share price has been in a strong sell-off this year, erasing billions of euros in value, as concerns about its growth continue. After soaring to €92.52 in December, the stock has slipped to €55.86.
German premium carmaker BMW will set out plans for more local production as it seeks to rebuild margins after a series of profit warnings tied to weak performance in China, Bernstein analysts said on Wednesday.
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.
