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BMW warns of falling profits as electric vehicles spending bites

Automotive Industry

BMW warns of falling profits as electric vehicles spending bites

The Telegraph - By Alan Tovey

BMW has warned that profits will fall this year, coming in “well below” the €9.8bn it reported in 2018 when the German car maker said it faced “massive headwinds”. Shares fell 5pc as BMW said its heavy investment into electric vehicles and self-driving cars, rising costs of meeting emissions …

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