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BIMMERPOST Universal Forums General BMW News and Cars Discussion BMW shares fall sharply after profit warning

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      03-20-2019, 04:40 AM   #1
TodmordenLad
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https://www.irishtimes.com/business/...ning-1.3832406

BMW has warned its earnings will fall "well below" last year's level, and has embarked on a €22bn efficiency drive to offset the impact of trade conflicts and unprecedented spending on electric cars.
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      03-20-2019, 10:08 AM   #2
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Yeah, the auto industry across the board is hurting. Cars are just too damned expensive now, I cannot believe the prices I'm seeing these days.

Big factor in taking out an extended four year warranty on my current car, I'm going to have it for a long time I think.
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      03-20-2019, 12:19 PM   #3
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Quick, give me some teaser photo of the next 2GC to divert attention form our profit warning!
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      03-20-2019, 08:10 PM   #4
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BMW will step up cost cuts after profit warning

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

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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.
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      03-20-2019, 08:12 PM   #5
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Sorry...re-post, I see TodmordenLad already posted...
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      03-20-2019, 08:48 PM   #6
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Quote:
Originally Posted by NickyC View Post
Yeah, the auto industry across the board is hurting. Cars are just too damned expensive now, I cannot believe the prices I'm seeing these days.

Big factor in taking out an extended four year warranty on my current car, I'm going to have it for a long time I think.
Agreed, new car prices have gotten out of hand. Base model 3 series are $50k+ now, just nuts.
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      03-20-2019, 09:14 PM   #7
yco
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BMW should stop producing 7 X's and more great engines instead.. they ll save a lot..
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      03-20-2019, 09:16 PM   #8
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Agreed-I purchased my slightly used 2015 M6 comp pack with 20,000 miles with factory warranty for $59k this summer. It seemed like a steal compared to the price of new and lesser car. Glad I did.
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      03-20-2019, 10:24 PM   #9
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Quote:
Originally Posted by yco View Post
BMW should stop producing 7 X's and more great engines instead.. they ll save a lot..
They should stop selling the exact models that are really profitable. Great logic. Makes sense.
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      03-20-2019, 10:26 PM   #10
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Both German rivals of BMW have already hinted huge cost cutting measures are on the way as well.
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