Germany’s powerhouse car firms feel the pain

BMW’s second-quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits.

Germany’s powerhouse car firms feel the pain
Fri, 02 Aug, 2019 - 07:30

By Edward Taylor and John Revill

BMW’s second-quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits.

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CourtsPlace: GermanyPlace: ChinaPlace: MexicoPlace: MunichPlace: EuropePlace: AmericasPerson: Edward TaylorPerson: John RevillPerson: Joe KaeserOrganisation: BMWOrganisation: SiemensOrganisation: WashingtonOrganisation: BeijingOrganisation: DaimlerOrganisation: Fiat ChryslerOrganisation: VolkswagenOrganisation: Mercedes-BenzOrganisation: AudiOrganisation: Reuters
<p>In the first eight months of the year, 116,099 new cars were registered, a 3.4% increase, of which 20,656 were electric cars representing a 37% year-on-year increase. File picture</p>

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