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Tuesday, Nov 57:09 AMBMW's profit pinched by tech costs and discounting
Tuesday, Nov 57:09 AM| Comment!
- BMW (BAMXY) says Q3 operating profit fell 6% to €1.55B ($2.09B) to just miss the estimate of analysts.
- Sales of BMW, MINI and Rolls-Royce brand cars during the period rose by 10.7% to 481,657 units.
- The automaker saw higher technology costs and an increased degree of discounting in key European markers take a toll on earnings. (PR)
- View all 4 replies
1980XLS:: VW is just so big, it becomes almost a macro play. But I have nothing against the company.
Energysystems:: Solid growth and is a globally appreciated brand portfolio. Stock is undervalued imo; it's ahead of the curve in Europe and China.
- View all 3 replies
Derek A. Barrett:: Thanks for clearing it up Mckalip. I'm seeing a bunch of them down here in Southern California
Brice Mckalip:: Understandable, I'd drop $80K on a Ford Pinto if it came with carpool privileges in LA.