Economy1 outlet covering thisCalibrating

BMW to review practices once deemed ’untouchable’ as profit slumps

First publishedJul 30, 09:18 UTC
Last updatedJul 30, 12:57 UTC · 49m ago
11 outletInvesting.com · Stock Market
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BMW to review practices once deemed ’untouchable’ as profit slumps
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Answer

BMW will review its working practices after a 35% drop in profit. The carmaker blamed the decline on low sales in China and consumer confidence issues. Profit fell to €1.7 billion.

Reported by 1 outlet Investing.com · Stock Market. See all sources ↓

BMW's profit dropped 35% in the second quarter. The company blames low sales in China and consumer confidence issues. BMW will review its working practices.

Why it matters

This news is important because it affects BMW's business and the car industry. It also shows how global events can impact companies.

In brief
Why is BMW reviewing its practices?
BMW is reviewing its practices because of a 35% drop in profit.
What caused the profit drop?
Low sales in China and consumer confidence issues caused the profit drop.
What is the new profit?
BMW's new profit is €1.7 billion.
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All outlets report the same basic facts, but some focus on the impact of global events on BMW's business.

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    Scouting report

    BMW's profit drop and review of practices

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    Investing.com · Stock MarketAlso reports the basic facts of the story
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