Thursday, August 1, 2019

BMW Q2 Profit Down, Vehicle Sales Up; Confirms FY19 View; Stock Up

German luxury carmaker BMW AG reported Thursday lower profit in its second quarter, while revenues increased with higher deliveries. Further, the company confirmed its targets for fiscal 2019. BMW shares were trading higher in Germany. The company said the positive development was largely driven by BMW Brilliance Automotive joint venture in China.

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