BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

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Thread: BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

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    BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

    That BMW article is from ZeroHedge I know, take it with a pinch of salt. https://www.zerohedge.com/news/2018-...rade-conflicts

    BMW Shareholders are not impressed by what management calls a "moderate" drop in pretax profit expectations due to trade tensions and pricing pressure.

    “The continuing international trade conflicts are aggravating the market situation and feeding uncertainty,” BMW said in a statement.

    “These circumstances are distorting demand more than anticipated and leading to pricing pressure in several automotive markets.”

    Specifically, BMW cut its overall 2018 pretax profit and automotive revenue and Ebit margin outlook.

    The initial plunge was the biggest drop since Brexit (Summer 2016), but a modest bounce has pulled share 'off the lows'

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    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
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    Re: BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

    Well, if only BMW could keep 100% of its chinese profits

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    Re: BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

    I'd feel bad if their cars didn't become watered down crap.

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    Re: BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

    Trade tensions? What, do they need a safe space so they can go suck their thumbs in a warm quiet spot? Are they all sissy 'murrican kollij stoodints now? Krikey!

    Just say yes, 0% tariffs. Yes we can!
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    Re: BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

    Quote Originally Posted by mbukukanyau View Post
    Well, if only BMW could keep 100% of its chinese profits
    What percentage does it keep and will it change if the 75% ownership of the JV goes through.

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    Re: BMW Battered After Slashing Outlook, Blames "Trade Conflicts"

    Quote Originally Posted by Neanderthal View Post
    Just say yes, 0% tariffs. Yes we can!
    YES! USA can and should take the lead to eliminate tariffs.
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