[otay]

https://www.autonews.com/automakers-...profit-warning

BMW flagged a challenging year ahead last week, saying great efforts will be necessary to push through the costly shift to electric and self-driving vehicles as markets fall and trade concerns mount.

The company said automotive profit margin will be in the range of 6 to 8 percent this year, below an 8 to 10 percent long-term target. Last year BMW's automotive margin was 7.2 percent.

Peter said that guidance could fall further if conditions worsen.

"The high level of volatility makes it difficult to provide a clear forecast," BMW said. "Depending on how conditions develop, our guidance may be subject to additional risks; in particular, the risk of a no-deal Brexit and ongoing developments in international trade policy," Peter said.